Wynnchurch Capital has sold its portfolio company NSC Minerals, a producer and distributor of highway de-icing and industrial rock salt, to Altas Partners. Wynnchurch acquired a majority interest in NSC in December 2011.
NSC Minerals is provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments in Western Canada and the North Central United States. The company was founded in 1988 and is headquartered in Saskatoon, Saskatchewan (www.nscminerals.com).
“We look to partner with exceptional management teams running unique, differentiated businesses and were fortunate to have found both in NSC. We wish them continued success with their new partners,” said Frank Hayes, a Partner at Wynnchurch.
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, transportation & logistics, business services, value-added distribution, energy and power services, general industrials, and metals & mining. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Detroit and Toronto (www.wynnchurch.com).
Altas Partners was co-founded in 2012 by former Onex Managing Director, Andrew Sheine, and Deloitte Partner, Andrew Dunn. Altas’ investing partners include large family offices, insurance companies and pension funds. The firm focuses on equity investments from $75 million to more than $500 million. Altas Partners is based in Toronto (www.altaspartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-22-13