Wynnchurch Capital has completed the acquisition of America II Group, a distributor of electronic components.
America II supplies an array of products that are used in applications across many end-markets including industrial controls and sensors, medical devices, data networks, internet-connected products and material handling/transportation equipment.
The company has more than four billion parts (approximately 100,000 SKUs) that are in stock and ready to ship which, according to America II, makes it one of the world’s largest distributors of semiconductors and electronic components. America II’s product line includes batteries, cable assemblies, connectors, diodes, fuses and circuit breakers, LEDs, microcontrollers, microprocessors, resistors, sensors, switches and relays, transformers, voltage regulators.
America II was founded in 1989 and is headquartered in St. Petersburg, FL with a 420,000 square-foot distribution facility. The company has additional offices in the UK, Germany, China, Japan, Singapore and Mexico (www.americaii.com).
“We are excited to partner with a great management team and invest in a global market leader with a differentiated value proposition, diversified customer base and growing end-markets,” said Frank Hayes, Managing Partner at Wynnchurch.
Wynnchurch Capital makes investments in middle-market companies that have revenues of $50 million to $1 billion. Sectors of interest include aerospace & defense, automotive, building products, chemicals, food, logistics, energy services & equipment, environmental services, industrial products & services, metals & mining, and paper & packaging. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Los Angeles (El Segundo), and Toronto (www.wynnchurch.com).
“America II has built a reputation for excellent product quality, availability and service and we look forward to partnering with management to execute on key operational initiatives and accelerate its strategic growth plan,” said Greg Gleason, Managing Director at Wynnchurch.
“Our leadership team is very excited about this next step for our business and we are confident that our partnership with Wynnchurch will propel America II’s leadership position and enable us to significantly expand our global footprint,” said Michael Galinski, Chief Executive Officer and Founder of America II.
Atlanta-based CHILDS Advisory Partners (www.childsadvisorypartners.com) was the exclusive financial advisor to America II on this transaction.
© 2017 Private Equity Professional | November 3, 2017
