M&A Deal Summary

Wynnchurch Capital Acquires Hydraulic Technologies

On June 4, 2024, private equity firm Wynnchurch Capital acquired machinery company Hydraulic Technologies from SPX FLOW

Acquisition Highlights
  • This is Wynnchurch Capital’s 9th transaction in the Machinery sector.
  • This is Wynnchurch Capital’s 58th transaction in the United States.
  • This is Wynnchurch Capital’s 5th transaction in Illinois.

M&A Deal Summary

Date 2024-06-04
Target Hydraulic Technologies
Sector Machinery
Buyer(s) Wynnchurch Capital
Sellers(s) SPX FLOW
Deal Type Divestiture

Target

Hydraulic Technologies

Rockford, Illinois, United States
Hydraulic Technologies designs, engineers, and manufactures high-pressure hydraulic tools and equipment. HT’s products serve mission-critical applications and are essential in maintenance, repair, and operational functions across a wide range of industries, including infrastructure, manufacturing, and rail. Hydraulic Technologieswas founded in 1925 and is based in Rockford, Illinois.

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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 70 of 75
Sector: Machinery M&A 9 of 9
Type: Divestiture M&A Deals 13 of 13
State: Illinois M&A 5 of 5
Country: United States M&A 58 of 63
Year: 2024 M&A 3 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 ORS Nasco

Tulsa, Oklahoma, United States

ORS Nasco is a wholesale distributor of industrial supplies in North America. The company offers a comprehensive product portfolio of premium branded and private label products from hundreds of manufacturers for use in the industrial, welding, oilfield, safety, electrical, construction, HVAC, MRO, plumbing, janitorial, and rental markets. ORS Nasco was founded in 1959 and is based in Tulsa, Oklahoma.

Buy -

Seller(S) 1

SELLER

SPX FLOW

Charlotte, North Carolina, United States

Category Company
Founded 2015
Sector Manufacturing
Revenue 1.4B USD (2020)
DESCRIPTION

SPX FLOW solves processing challenges, helping customers lower costs, increase uptime, save energy, reduce waste, and improve quality. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of nutrition, health, and precision solutions markets. SPX FLOW was founded in 2015 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 3 of 3
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 SPX FLOW - Air Treatment Business

Charlotte, North Carolina, United States

SPX FLOW's Air Treatment Business provides manufacturer of reliable and energy efficient desiccant and refrigerated dryers, filtration systems and purifiers for dehydration in compressed air.

Sell $525M