M&A Deal Summary

Fortress Acquires Infra Pipe Solutions

On November 25, 2024, asset manager Fortress acquired building materials company Infra Pipe Solutions from Wynnchurch Capital

Acquisition Highlights
  • This is Fortress’ 1st transaction in the Building Materials sector.
  • This is Fortress’ 2nd transaction in Canada.
  • This is Fortress’ 1st transaction in Ontario.

M&A Deal Summary
Date 2024-11-25
Target Infra Pipe Solutions
Sector Building Materials
Buyer(s) Fortress
Sellers(s) Wynnchurch Capital
Deal Type Secondary Buyout

Target

Infra Pipe Solutions

Mississauga, Ontario, Canada
Infra Pipe Solutions is a manufacturer of large diameter, high-density polyethylene (“HDPE”) pipe. Infra Pipe Solutions sells pipes for use in water infrastructure, mining, industrial processes, oil & gas distribution, and other applications. Infra Pipe was founded in 2018 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Fortress

New York, New York, United States
Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 46 of 47
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 7 of 8
State (Ontario) 1 of 2
Country (Canada) 2 of 3
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Texas Hydraulics

Temple, Texas, United States

Texas Hydraulics is a manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. The Company provides front-end design solutions for the most challenging hydraulic cylinder, swivel, and related applications. Texas Hydraulics uses its technical expertise related to valve integration, position sensing technology, large bore and long stroke cylinder manufacturing to provide a differentiated value proposition to its customers. Texas Hydraulics was founded in 1968 and is based in Temple, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 Gyptech

Burlington, Ontario, Canada

Gyptech is a provider of wallboard equipment and services, including the design, construction, and commissioning of complete turnkey solutions for automated gypsum board plants that convert raw gypsum into high-quality finished wallboard. Gyptech was founded in 1993 and is based in Burlington, Ontario.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 34 of 36
Sector (Building Materials) 4 of 4
Type (Secondary Buyout) 15 of 17
State (Ontario) 2 of 3
Country (Canada) 5 of 6
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Texas Hydraulics

Temple, Texas, United States

Texas Hydraulics is a manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. The Company provides front-end design solutions for the most challenging hydraulic cylinder, swivel, and related applications. Texas Hydraulics uses its technical expertise related to valve integration, position sensing technology, large bore and long stroke cylinder manufacturing to provide a differentiated value proposition to its customers. Texas Hydraulics was founded in 1968 and is based in Temple, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Northern Wholesale

Lino Lakes, Minnesota, United States

Northern Wholesale is a distributor of marine and RV accessories selling over 30,000 products to hundreds of customers throughout the United States. Northern Wholesale also maintains a proprietary products division (primarily comprised of its Extreme Max product line) to address unmet customer demand. Northern Wholesale was founded in 1984 and is based in Lino Lakes, Minnesota.

Sell -
Mergr

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