M&A Deal Summary

Wynnchurch Capital Acquires Principal Industries

On November 12, 2024, private equity firm Wynnchurch Capital acquired electrical equipment company Principal Industries

Acquisition Highlights
  • This is Wynnchurch Capital’s 2nd transaction in the Electrical Equipment sector.
  • This is Wynnchurch Capital’s 60th transaction in the United States.
  • This is Wynnchurch Capital’s 10th transaction in Texas.

M&A Deal Summary
Date 2024-11-12
Target Principal Industries
Sector Electrical Equipment
Buyer(s) Wynnchurch Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 72 of 72
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 24 of 24
State (Texas) 10 of 10
Country (United States) 60 of 60
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Principal Sloan

San Angelo, Texas, United States

Principal Sloan is an electronics component provider to the electrical sign industry in North America. The company manufactures and sells UL-recognized LED sign modules and cabinet products for new and retrofit sign applications, as well as neon and LED power supplies and other sign accessories. Principal Sloan was founded in 2010 and is based in San Angelo, Texas.

Buy -
FOLLOWING 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 -
Mergr

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