M&A Deal Summary

Wynnchurch Capital Acquires Boss Industries

On February 5, 2019, private equity firm Wynnchurch Capital acquired machinery company Boss Industries from Strait Lane Capital Partners and Main Street Capital

Acquisition Highlights
  • This is Wynnchurch Capital’s 6th transaction in the Machinery sector.
  • This is Wynnchurch Capital’s 34th transaction in the United States.
  • This is Wynnchurch Capital’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2019-02-05
Target Boss Industries
Sector Machinery
Buyer(s) Wynnchurch Capital
Sellers(s) Strait Lane Capital Partners
Main Street Capital
Deal Type Secondary Buyout

Target

Boss Industries

LaPorte, Indiana, United States
Boss Industries is a provider of power take-off (PTO) rotary screw air technology, offering a full line of vehicle-integrated compressors as well as natural gas booster and vapor recovery systems. Boss Industries was founded in 1988 and is based in LaPorte, Indiana.

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Buyer(S) 1

Buyer

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 44 of 70
Sector (Machinery) 6 of 9
Type (Secondary Buyout) 6 of 17
State (Indiana) 2 of 4
Country (United States) 34 of 58
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 PGHC

Dedham, Massachusetts, United States

PGHC is the parent company of two New England restaurants Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches. Papa Gino's Pizzeria serves handmade pizzas with fresh ingredients and an 80-year old Italian family recipe. D'Angelo Grilled Sandwiches serves great tasting and grilled sandwiches. PGHC was formed in 2005 and is based in Dedham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Thermal Solutions Manufacturing

Nashville, Tennessee, United States

Thermal Solutions Manufacturing is a manufacturer and distributor of heat exchange and temperature control products to the North American heavy-duty aftermarket and specialty vehicle original equipment markets. Thermal Solutions Manufacturing was founded in 2012 and is based in Nashville, Tennessee.

Sell -

Seller(S) 2

SELLER

Strait Lane Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Strait Lane Capital Partners is a private investment firm focused on acquiring entrepreneur or family-owned companies as well as corporate divestitures. The Firm is operationally oriented and generally pursues US-based, profitable companies with at least $2 million of EBITDA. Areas of interest include manufacturing, business, and technology. Strait Lane Capital Partners was formed in 2009 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Indiana) 1 of 1
Country (United States) 3 of 4
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Griswold

Moosup, Connecticut, United States

Griswold is a manufacturer of custom-engineered cellular elastomer and high-performance polyurethane. Griswold’s products and solutions serve a variety of applications in the general industrial, electronics, automotive and consumer markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Arise Virtual Solutions

Miramar, Florida, United States

Arise Virtual Solutions is a pioneer of on-demand customer management business process outsourcing solutions. Arise powerful cloud-based platform connects companies needing customer engagement and other business services to a virtual nationwide network of work-at-home Service Partners running small call center businesses.

Sell -
SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 37 of 45
Sector (Machinery) 3 of 4
Type (Secondary Buyout) 9 of 11
State (Indiana) 1 of 1
Country (United States) 37 of 45
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Syneo

West Palm Beach, Florida, United States

Syneo is a provider of manufacturing equipment, cutting tools, and services for the medical device and electronics manufacturing industries. Syneo's primary solutions serve catheter, guidewire, and minimally-invasive medical device applications. The company’s comprehensive lines of Accu-branded and Syneo Sharp products are known for delivering an unparalleled level of sharpness and precision, enhancing catheter and surgical device applications through automated handling, cutting, drilling, and precision hole-punching capabilities. Syneo was formed in 2011 and is based in West Palm Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 CompareNetworks

South San Francisco, California, United States

CompareNetworks provides life scientists, researchers, lab-based professionals, pharmaceutical professionals and healthcare professionals with digital tools and information resources to research, identify and determine which products and technologies to use. CompareNetworks operates several online properties including Biocompare, an online research tool database, and Labcompare, an online laboratory equipment product comparison service. The Company also provides a software-as-a-service sales enablement tool named imSMART. CompareNetworks was formed in 2000 and is headquartered in South San Francisco, California.

Buy -
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