ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has acquired a majority ownership in Industrial Service Solutions (“ISS” or the “Company”) from Edgewater Funds and JZ Capital Partners. Founded in 2011 and headquartered in Houston, Texas, ISS is a national industrial MRO services company with locations throughout the United States. ISS focuses on rotating equipment including motors, pumps, and valves, along with process equipment and inspection services.
“Since our inception, we have built a strong reputation for providing customers with unparalleled service for all their maintenance and expansionary project needs. Wynnchurch shares our values and focus on putting the customer first. We are excited to partner with them during our next phase of growth,” said Wade Stockstill, CEO of ISS.
Greg Gleason, Managing Partner at Wynnchurch, said, “ISS is a leading industrial MRO platform for rotating and process equipment with services that are critical for its customers across a wide variety of industries. We are excited to partner with Wade and the team to build on their strong technical and service offering to customers and grow the platform.”
JD Frank, Principal at Wynnchurch, said, “The management team at ISS has built an excellent foundation within its core markets. We are excited to partner with the team and support growth through both organic and inorganic initiatives.”
Wynnchurch is actively seeking investment opportunities for its $2.277 billion Fund V. In July, Wynnchurch acquired FCA, a leading manufacturer of customized industrial protective packaging solutions. Other recent Wynnchurch investments include: Mattress Warehouse, a leading independent mattress retailer with over 300 locations. Premier Franchise Management, the largest U.S. residential pool-build and pool-service franchisor; Appvion, a leading provider of specialty and high performance direct thermal coatings and application tapes; and Owen, a leading provider of critical infrastructure equipment, aftermarket parts and services.
About Industrial Service Solutions:
Founded in 2011 and headquartered in Houston, Texas, ISS provides MRO-focused field, shop, and supply services for a diverse set of industrial markets. The Company’s regional shops are fully equipped to repair, overhaul, and inspect all process and rotating equipment types, brands, and applications. ISS also provides design, manufacturing, and nationwide field services with in-house engineering support. For more information, please visit: https://iss-na.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an office in New York and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $5.3 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.
