Wynnchurch Acquires CPS

Wynnchurch Acquires CPS

Wynnchurch Capital has completed its acquisition of Critical Process Systems Group (CPS), a provider of products that transport and store highly corrosive liquids and gases.

The custom products of CPS – including specialty duct, pipe, tanks, modular process systems, and flow control technology – are used in the semiconductor, life science, wastewater, industrial gas, and chemical processing industries. The company is led by CEO Paul Frascoia and is headquartered in Boise, ID (www.cpsgrp.com).

“We are excited to partner with Wynnchurch and continue to grow the company with Wynnchurch’s support and resources.  It was clear from the beginning that Wynnchurch understood our business and shared our philosophy of serving as a solutions provider and placing customer needs first,” said Paul Frascoia, Chief Executive Officer of CPS.

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).

“CPS has built an outstanding business with a world-class team led by Paul Frascoia,” said Chris O’Brien, Co-Managing Partner at Wynnchurch. “CPS has tremendous opportunities for growth across every segment of the company.”

“Wynnchurch seeks to invest in differentiated, customer-focused businesses that recognize their success is driven by providing solutions and going the extra mile to exceed their customers’ expectations. Paul and the CPS team embrace this philosophy,” added Brian Crumbaugh, Managing Director at Wynnchurch.

Wynnchurch Capital is currently investing from its $1.3 billion fourth fund which closed in November 2014.

CPS was acquired by Wynnchurch from Dallas-based Sequel Holdings which first invested in the company in 2012.

© 2018 Private Equity Professional | July 2, 2018

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