Wynnchurch Continues Industrial Distribution Build

Wynnchurch Capital has acquired Buchanan Rubber, a distributor of industrial hoses, couplings, and sheet rubber, from its co-owners Jahan Roohi and Dave Merrick.

Buchanan Rubber carries approximately 8,000 SKUs and distributes its products to a range of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food & beverage, and general industrial. The company was founded in 1986 and is headquartered in Toronto with additional warehouse facilities in Montreal, Edmonton and Houston (www.buchananrubber.com).

Buchanan will be part of Wynnchurch’s industrial distribution platform that includes Anderson Metals (acquired in January 2018) and Midland Metal Mfg. (acquired November 2018).

Kansas City-based Anderson Metals is a manufacturer and distributor of brass fittings, valves, pipe nipples, and other products that are used in the plumbing, hardware and general industrial end markets. The company supplies over 12,000 SKUs across a variety of categories including lead-free and leaded brass fittings, valves, pipe nipples, non-metallic fittings, and assorted parts and accessories (www.andersonmetals.com).

Midland Metal is a distributor of fittings, valves, clamps, and other products to companies active in the general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, and power transmission markets. The company has more than 13,000 SKUs and has 140,000 sq. ft. of facilities in Kansas City, MO (headquarters), Kerman, CA (near Fresno); Atlanta, GA; and Houston, TX (www.midlandmetal.com).

“We are excited to leverage decades of industry expertise, product know-how and management talent to create a leading distribution platform,” said CEO Vince Hodes. “With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water, and infrastructure sectors.  In addition, we can now offer our customers new products with a full line of hose and couplings as we continue to enhance our value proposition and execute on our growth strategy.”

Wynnchurch 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).

© 2018 Private Equity Professional | December 6, 2018

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