M&A Deal Summary

Wynnchurch Capital Acquires Jiffy Lube

On March 6, 2018, private equity firm Wynnchurch Capital acquired retailer Jiffy Lube from Sun Capital Partners

Acquisition Highlights
  • This is Wynnchurch Capital’s 1st transaction in the Retail sector.
  • This is Wynnchurch Capital’s 30th transaction in the United States.
  • This is Wynnchurch Capital’s 4th transaction in Texas.

M&A Deal Summary
Date 2018-03-06
Target Jiffy Lube
Sector Retail
Buyer(s) Wynnchurch Capital
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Jiffy Lube

Irving, Texas, United States
Jiffy Lube is an operator of quick lube retail service stores. Jiffy Lube operates approximately 523 quick-oil-change stores in major markets. Jiffy Lube was founded in 1995 and is based in Irving, 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 38 of 72
Sector (Retail) 1 of 2
Type (Secondary Buyout) 5 of 18
State (Texas) 4 of 10
Country (United States) 30 of 60
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Anderson Metals

Kansas City, Missouri, United States

Anderson Metals is a manufacturer of brass fittings, valves, pipe nipples and related products, which are sold into the plumbing, hardware and general industrial end-markets. The Company supplies over 12,000 SKU's across a variety of categories including lead-free and leaded brass fittings, valves, pipe nipples, non-metallic fittings and assorted parts and accessories. Anderson Metals was formed in 1947 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Critical Process Systems Group

Boise, Idaho, United States

Critical Process Systems Group is a provider of mission-critical solutions for highly demanding industries and applications. The company provides a broad range of products & services including corrosive fume exhaust ducts and airflow control devices, high purity process utility modules, biopharmaceutical processing equipment, and liquid, chemical, and gas storage, blending, and delivery control products, as well as process and mechanical engineering services and project management. Critical Process Systems Group is based in Boise, Idaho.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 97 of 127
Sector (Retail) 19 of 24
Type (Secondary Buyout) 23 of 32
State (Texas) 6 of 6
Country (United States) 72 of 88
Year (2018) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Rowe Furniture

Elliston, Virginia, United States

Rowe Furniture is a manufacturer of custom upholstered furniture in the United States. Rowe Furniture offers a wide range of styling in sofas, sectionals, chairs, and ottomans with over six hundred fabric selections. Rowe Furniture is available at major home furnishings retailers and better independent home furnishings retailers across the United States and around the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Demilec

Boisbriand, Quebec, Canada

Demilec, Inc. is a north american spray polyurethane foam (“SPF”) insulation market. The Company offers both rigid (“closed cell”) and semi-rigid (“open cell”) SPF insulation. The Company serves over 1,000 customers and has manufacturing facilities in Canada and US.

Sell $350M
Mergr

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