M&A Deal Summary

Wynnchurch Capital Acquires Trimlite

On July 28, 2021, private equity firm Wynnchurch Capital acquired building materials company Trimlite from TriWest Capital Partners

Acquisition Highlights
  • This is Wynnchurch Capital’s 6th transaction in the Building Materials sector.
  • This is Wynnchurch Capital’s 44th transaction in the United States.
  • This is Wynnchurch Capital’s 2nd transaction in Washington.

M&A Deal Summary

Date 2021-07-28
Target Trimlite
Sector Building Materials
Buyer(s) Wynnchurch Capital
Sellers(s) TriWest Capital Partners
Deal Type Secondary Buyout

Target

Trimlite

Renton, Washington, United States
Trimlite is a manufacturer of decorative glass inserts for steel door fabricators. Trimlite products include stile and rail doors, fiberglass doors, decorative glass, and other home building products. Trimlite was founded in 1982 and is based in Renton, Washington.

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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 56 of 70
Sector (Building Materials) 6 of 6
Type (Secondary Buyout) 10 of 17
State (Washington) 2 of 2
Country (United States) 44 of 58
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Carson Air

Kelowna, British Columbia, Canada

Carson Air is a provider of fixed-wing air ambulance services. The company provides fixed-wing air ambulance services, air cargo services, and operates a flight school. Carson Air was founded in 1990 and is based in Kelowna, British Columbia.

Sell $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 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.

Sell -

Seller(S) 1

SELLER

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TriWest Capital Partners is a Canadian private equity firm focused on investments in established companies operating in a variety of industries. Broad areas of interest include the distribution, manufacturing, and service sectors. TriWest targets mid-sized, profitable companies with EBITDA of $10 to $100 million. Prospective transaction types include management buyouts, growth capital financings, generational transfers, corporate divestitures, and special situations. TriWest will not invest in real estate, technology and primary resource development. TriWest Capital Partners was formed in 1998 and is based in Calgary.


DEAL STATS #
Overall 24 of 29
Sector (Building Materials) 1 of 4
Type (Secondary Buyout) 5 of 5
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 RecallMax

Calgary, Alberta, Canada

RecallMax develops and markets recall, scheduling, automated messaging, and analytics solutions used by dental practices and dental service organizations. RecallMax was founded in 2014 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 California TrusFrame

Murrieta, California, United States

California TrusFrame is a designer and manufacturer of prefabricated structural building components (including roof trusses, floor trusses, and wall panels), supplying home builders, framers, and general contractors across single-family and multi-family end markets throughout California. California TrusFrame was established in 1982 and is based in Murrieta, California.

Sell $180M