M&A Deal Summary

Wynnchurch Capital Acquires Handgards

On April 16, 2024, private equity firm Wynnchurch Capital acquired consumer products company Handgards from Wind Point Partners

Acquisition Highlights
  • This is Wynnchurch Capital’s 2nd transaction in the Consumer Products sector.
  • This is Wynnchurch Capital’s 55th transaction in the United States.
  • This is Wynnchurch Capital’s 8th transaction in Texas.

M&A Deal Summary

Date 2024-04-16
Target Handgards
Sector Consumer Products
Buyer(s) Wynnchurch Capital
Sellers(s) Wind Point Partners
Deal Type Secondary Buyout

Target

Handgards

El Paso, Texas, United States
Handgards manufactures and supplies high-quality food service disposable products, including gloves, bags, protective apparel, and flexible packaging. Handgards’ products are sold throughout North America to an extensive base of broad-line distributors, group purchasing organizations (“GPOs”), and national foodservice accounts. Handgards was founded in 1959 and is based in El Paso, Texas.

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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 67 of 72
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 16 of 18
State (Texas) 8 of 10
Country (United States) 55 of 60
Year (2024) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-17 LPW Group

Houston, Texas, United States

LPW Group is a designer and manufacturer of specialty valves, actuators, fittings, flanges, and other flow control products that serve mission-critical applications across chemical, petrochemical, LNG, refining, renewable, naval, pulp & paper, and other industrial markets. LPW Group is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Reagent

Ringoes, New Jersey, United States

Reagent is a manufacturer and distributor of hydrochloric acid. HCl is predominantly produced as a byproduct of other chemical manufacturing processes. Reagent’s suppliers (i.e., chemical producers) sell HCl to Reagent who distributes the HCl to a diversified base of customers across a variety of industrial end markets. To deliver on its value proposition to suppliers and customers, Reagent leverages its industry-leading, national infrastructure network comprised of specialized terminals, railcars, trailers, storage tanks, and pipelines, along with unique logistics capabilities and a track record of reliability, safety, and customer service. Reagent was founded in 1959 and is based in Ringoes, New Jersey.

Buy -

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 55 of 56
Sector (Consumer Products) 8 of 9
Type (Secondary Buyout) 22 of 23
State (Texas) 5 of 5
Country (United States) 50 of 51
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 MOREgroup

Fort Worth, Texas, United States

MOREgroup is a family of design, architecture and engineering brands that each uniquely focus on a single area of expertise. Formed through the combination of Huckabee, Rachlin Partners, TSK Architects, Image Engineering Group (IEG), and Environments for Health Architecture (E4H). MOREgroup is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 FoodScience

Williston, Vermont, United States

FoodScience is a Vermont-based formulator, manufacturer, and marketer of high-quality nutritional supplements for humans and pets. FoodScience was founded in 1973 and is based in Williston, Vermont.

Sell -