M&A Deal Summary

Fortress Acquires Texas Hydraulics

On November 21, 2024, asset manager Fortress acquired machinery company Texas Hydraulics from Wynnchurch Capital

Acquisition Highlights
  • This is Fortress’ 1st transaction in the Machinery sector.
  • This is Fortress’ 34th transaction in the United States.
  • This is Fortress’ 6th transaction in Texas.

M&A Deal Summary

Date 2024-11-21
Target Texas Hydraulics
Sector Machinery
Buyer(s) Fortress
Sellers(s) Wynnchurch Capital
Deal Type Secondary Buyout

Target

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.

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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 45 of 47
Sector (Machinery) 1 of 2
Type (Secondary Buyout) 6 of 8
State (Texas) 6 of 6
Country (United States) 34 of 34
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Vice Media

Brooklyn, New York, United States

Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 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.

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 33 of 36
Sector (Machinery) 4 of 5
Type (Secondary Buyout) 14 of 17
State (Texas) 4 of 4
Country (United States) 28 of 29
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Principal Industries

San Angelo, Texas, United States

Principal Industries is a provider of electrical components, services, and software to the signage and architectural lighting industry, serving a diverse range of commercial end users, including retail, petroleum, quick-serve restaurants, banking, and automotive. Principal Industries was founded in 2010 and is based in San Angelo, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 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.

Sell -