Astro Shapes Acquired by Wynnchurch Capital

Deal News | Jan 27, 2025 | Wynnchurch Capital

Wynnchurch Capital, a prominent middle-market private equity firm, has acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions, from Monomoy Capital Partners. Astro Shapes, established in 1971 and located in Struthers, Ohio, specializes in delivering customized aluminum solutions primarily for the building products and recreational vehicle markets throughout the Midwest and Northeast U.S. The acquisition forms a partnership between Wynnchurch and Astro Shapes' management to enhance the company's growth trajectory. Steve DeVoe, CEO of Astro Shapes, highlights the company's reputation for excellent customer service and superior quality in demanding orders, intending to leverage Wynnchurch's manufacturing expertise. Wynnchurch executives, Greg Gleason and Carl Howe, expressed confidence in Astro Shapes' unique technological capabilities and geographic market leadership, envisioning a significant growth opportunity. Financial advisory services were provided by Goldman Sachs & Co. LLC, while Paul Hastings LLP acted as legal advisor to Wynnchurch. Wynnchurch Capital, founded in 1999 and headquartered in Rosemont, Illinois, aims to partner with middle market companies across the U.S. and Canada, possessing a portfolio of substantial growth potential assets.

Sectors

  • Private Equity
  • Manufacturing
  • Building Products
  • Recreational Vehicles

Geography

  • United States – Astro Shapes is headquartered in Ohio and serves the Midwest and Northeast U.S.; Wynnchurch Capital is based in Illinois.
  • Canada – Wynnchurch Capital has an affiliate in Canada and targets companies in North America.

Industry

  • Private Equity – Relevant due to Wynnchurch Capital's role in acquiring Astro Shapes from Monomoy Capital Partners.
  • Manufacturing – Astro Shapes is a manufacturer of custom aluminum extrusions, making the manufacturing industry classification relevant.
  • Building Products – Astro Shapes serves the building products market as part of its core business operations.
  • Recreational Vehicles – Astro Shapes supplies aluminum extrusions to the recreational vehicle market.

Financials

    Participants

    NameRoleTypeDescription
    Astro Shapes, LLCTarget CompanyCompanyA leading manufacturer of custom aluminum extrusions based in Struthers, Ohio.
    Wynnchurch Capital, L.P.Acquiring CompanyCompanyA middle-market private equity firm based in Rosemont, Illinois, focusing on growth partnerships.
    Monomoy Capital PartnersSelling CompanyCompanyThe previous owner of Astro Shapes, involved in the transaction as the vendor.
    Goldman Sachs & Co. LLCFinancial AdvisorCompanyActed as the financial advisor for Wynnchurch in the acquisition.
    Paul Hastings LLPLegal AdvisorCompanyProvided legal advisory services to Wynnchurch for the acquisition.
    Steve DeVoeCEO of Astro ShapesPersonCEO of Astro Shapes, part of the existing management team partnering with Wynnchurch.
    Greg GleasonManaging Partner at WynnchurchPersonInvolved in the announcement and strategic planning of the acquisition.
    Carl HoweManaging Director at WynnchurchPersonExpressed optimism about Astro Shapes' growth potential in the acquisition.