ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of Gypsum Technologies (“Gyptech” or the “Company”).
Headquartered in Burlington, Ontario, Gyptech designs, engineers and fabricates new and replacement production lines for gypsum wallboard and asphalt-shingle facilities. With offices in North America and Europe, Gyptech has been delivering advanced equipment and engineered systems to the global gypsum and roofing industries for the past three decades. From raw material processing to finished products, Gyptech provides comprehensive support for every stage of gypsum wallboard production and is a leading innovator in asphalt-shingle manufacturing technology. The company continues to play a critical role in promoting innovation in the building construction industry.
Frank Hayes, Managing Partner at Wynnchurch, stated, “We invested in Gyptech due to its leading global market position and differentiated capabilities which made the Company uniquely positioned to benefit from capacity expansion and technology upgrades in the wallboard space. We are proud of the team’s accomplishments and believe we have built a stronger, more diverse business.”
Neel Mayenkar, Partner at Wynnchurch, stated, “Gyptech was a founder owned business that had created a culture of putting the customer and its employees first. During our partnership, we invested in resources and tools that allowed management to significantly scale the business, which included adding roofing equipment expertise through an acquisition and growing the aftermarket business organically.”
"We are thankful to the Gyptech team for all their hard work. Together, we were able to significantly grow the business through product and market expansion. We believe the Company is well positioned to continue to benefit from market tailwinds after a long period of underinvestment in the gypsum and roofing manufacturing industries," stated Kevin Hanley, Principal at Wynnchurch.
“We appreciate all of Wynnchurch’s support as we embarked on an ambitious strategy to be the leading player in the gypsum and roofing industries. They were integral to driving our organic and inorganic growth through investment in human capital, systems and technology,” stated Jeremy McKellar, CEO of Gyptech.
Perkins Coie LLP, Stikeman Elliott LLP, and Blake, Cassels & Graydon LLP provided legal advice to Wynnchurch in connection with the transaction and Lincoln International served as financial advisor.
About Gyptech:
Headquartered in Burlington, Ontario, Gyptech is a global leader in the design, construction, and commissioning of equipment for both gypsum wallboard and asphalt shingle manufacturing. The company provides complete, turnkey production solutions and has a proven track record of delivering high-performance systems across North America and the rest of the world. With decades of experience and a global footprint, Gyptech has played a crucial role in shaping modern construction practices, continuously delivering solutions that meet the evolving needs of the industry. Gyptech’s core values of innovation, perseverance, caring, and humility drive its commitment to helping make shelter possible for communities worldwide.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with 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 manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Principal Industries, a leading provider of LED components and engineered assemblies. Other recent investments include: ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies; Hydraulic Technologies, a market leader in high-pressure hydraulic tools; and Reagent, the #1 specialty distributor of hydrochloric acid in North America. For more information, please visit: http://www.wynnchurch.com or follow us on LinkedIn.
