M&A Deal Summary

Wynnchurch Capital Acquires TWG

On February 2, 2021, private equity firm Wynnchurch Capital acquired automotive company TWG from Seidler Equity Partners

Acquisition Highlights
  • This is Wynnchurch Capital’s 12th transaction in the Automotive sector.
  • This is Wynnchurch Capital’s 42nd transaction in the United States.
  • This is Wynnchurch Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2021-02-02
Target TWG
Sector Automotive
Buyer(s) Wynnchurch Capital
Sellers(s) Seidler Equity Partners
Deal Type Secondary Buyout

Target

TWG

Ontario, California, United States
TWG is a designer and distributor of branded aftermarket wheels, specialty tires and related accessories serving the truck, SUV and car markets. TWG sells to over 8,000 active customers including independent installers, national & regional retailers, and e‑commerce and wholesale distribution channels. TWG was founded in 1969 and is based in Ontario, California.

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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 54 of 72
Sector (Automotive) 12 of 12
Type (Secondary Buyout) 9 of 18
State (California) 2 of 2
Country (United States) 42 of 60
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 ICA

Allentown, Pennsylvania, United States

ICA is a manufacturer of expanded polystyrene (“EPS”) foam products for applications including building insulation, infrastructure construction, packaging, cold chain, and other applications across the northeastern U.S. ICA was founded in 1981 and is based in Allentown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Northern Wholesale

Lino Lakes, Minnesota, United States

Northern Wholesale is a distributor of marine and RV accessories selling over 30,000 products to hundreds of customers throughout the United States. Northern Wholesale also maintains a proprietary products division (primarily comprised of its Extreme Max product line) to address unmet customer demand. Northern Wholesale was founded in 1984 and is based in Lino Lakes, Minnesota.

Buy -

Seller(S) 1

SELLER

Seidler Equity Partners

Marina del Rey, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Seidler Equity Partners is a mid-market private equity firm focused on partnering with business owners and management to help build market-leading companies. Seidler will consider funding growth financings, family business transitions, owner-operator recapitalizations, management buyouts, liquidity for estate planning, and traditional buyouts. Seidler looks to invest in businesses with a proven track record and opportunities for growth. Prospective companies typically have minimum revenue of $25 million and EBITDA between $5 and $50 million. Seidler is a generalist firm and will consider investments across a wide range of industries, including manufacturing, service, and distributors. Seidler Equity Partners was formed in 1999 and is based in Marina del Rey, California.

DEAL STATS #
Overall 21 of 23
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 6 of 7
State (California) 3 of 3
Country (United States) 21 of 23
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Carus

Peru, Illinois, United States

Carus is a provider of branded chemicals for environmental treatment applications. The company manufacturers water treatment, air purification, and soil and groundwater remediation chemicals for customers across the municipal, chemical, industrial, and environmental remediation markets globally. Carus Group was founded in 1915 and is based in Peru, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Sunny Sky Products

Houston, Texas, United States

Sunny Sky Products is an integrated manufacturer and distributor of beverage concentrates and related products that are offered for sale at foodservice venues, including convenience stores, restaurants, and institutions. Sunny Sky Products was founded in 2002 and is based in Houston, Texas.

Sell -
Mergr

Product

Company

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