ROSEMONT, Unwell.–(Enterprise WIRE)–Feb 2, 2021–
Wynnchurch Capital, L.P. (“Wynnchurch”) declared nowadays that it has obtained The Wheel Team (“TWG” or the “Company”). The Wheel Team is a primary designer and distributor of branded aftermarket wheels, specialty tires, and linked equipment serving the truck, SUV and motor vehicle markets. Started in 1997, the Organization provides 16 proprietary brand names and serves its consumers by means of 20 income and distribution facilities situated through the U.S. and Canada. TWG is very well-positioned to profit from growing automotive aftermarket desire, specially in fanatic-oriented wheel, specialty tire, and accent classes.
“The Wheel Group has grown into a primary automotive aftermarket enterprise dependent on our finest-in-class buyer provider, item supplying and technical experience. We glimpse forward to doing the job with Wynnchurch to speed up our enterprise prepare and expansion,” explained David Williams, CEO of TWG.
Frank Hayes, Handling Husband or wife at Wynnchurch, reported, “TWG is a remarkable new platform financial commitment possibility for Wynnchurch. We are thrilled to associate with these a powerful and experienced team of executives who have developed a marketplace primary performer. The Business suits exceptionally well with our philosophy of investing in organizations that offer you a solid price proposition to their consumers, possess a differentiated business model and have substantial advancement likely.”
Neel Mayenkar, Running Director at Wynnchurch, added, “The Wheel Team has constructed a potent reputation centered on a portfolio of proprietary brands, substantial-high quality products and solutions, and very best-in-course sourcing capabilities. We are excited to partner with management and enable facilitate the Company’s up coming phase of progress.”
Wynnchurch Cash is actively trying to get financial investment possibilities for its $2.277 billion Fund V. In September 2020, Wynnchurch made its very first Fund V platform fairness expenditure when it acquired Labrie Environmental Group, a primary maker of refuse selection vehicles throughout North America. Other modern Wynnchurch investments include: Insulation Corporation of America, a manufacturer of EPS foam items Huntington Foam, a company of custom made EPS, EPP and ARCEL products Drew Foam, a manufacturer of tailor made EPS block and form molding products and Pennsylvania Device Will work, a entirely integrated producer of higher stress cast fittings and department connections.
About The Wheel Group:
Established in 1997 and based mostly in Ontario, California, TWG is a top designer and distributor of branded aftermarket wheels, specialty tires and connected extras serving the truck, SUV, and motor vehicle marketplaces. The Company sells to over 8,000 lively consumers such as unbiased installers, national & regional retailers, e-commerce merchants, and wholesale distributors. For much more info, remember to pay a visit to: https://www.thewheelgroup.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an business in California and an affiliate in Canada, was started in 1999, and is a main center-sector private fairness financial investment firm. Wynnchurch’s strategy is to spouse with middle sector companies in the United States and Canada that have the potential for considerable growth and income enhancement. Wynnchurch manages a selection of private equity cash with $4.2 billion of fully commited capital less than administration and specializes in recapitalizations, expansion capital, administration buyouts, corporate carve-outs and restructurings. For a lot more information and facts, be sure to stop by: https://www.wynnchurch.com.
View source variation on businesswire.com:https://www.businesswire.com/news/property/20210202005023/en/
Call: Frank Hayes
Taking care of Lover
Key word: CALIFORNIA ILLINOIS UNITED STATES NORTH The usa CANADA
Market Key word: AFTERMARKET FINANCE AUTOMOTIVE Normal AUTOMOTIVE Qualified Products and services OTHER AUTOMOTIVE TIRES & RUBBER Efficiency & Unique Desire OFF-Highway Vehicles & SUVS
Source: Wynnchurch Cash, L.P.
Copyright Company Wire 2021.
PUB: 02/02/2021 08:35 AM/DISC: 02/02/2021 08:35 AM