Boss Industries Sold by Wynnchurch Capital
Deal News | Jan 06, 2025 | Wynnchurch Capital
Wynnchurch Capital, a significant player in the middle-market private equity sphere, has announced the sale of Boss Industries, marking a successful exit from a strategic partnership. Boss Industries, renowned for its power take-off and engine-driven air technologies, has flourished under Wynnchurch's ownership, benefiting from an asset-light manufacturing model and an impressive dedication to customer satisfaction. Partnering with Boss's management, Wynnchurch effectively executed a value creation plan that not only enhanced Boss's market position but also ensured substantial growth and profitability. Key advisors in this transaction included Paul Hastings for legal counsel, and D.A. Davidson and Deloitte Corporate Finance for financial advisory. Boss Industries continues to stand as an industry leader, driven by innovations that improve efficiency and productivity, supported by a commitment to quality and design. Established in LaPorte, Indiana, and with a legacy stretching back to 1988, Boss enters a new chapter, as indicated by its CEO Todd Hudson. Wynnchurch Capital, with $9.2 billion in assets under management, has recently expanded its portfolio by acquiring several leading companies in various niche markets.
Sectors
- Private Equity
- Manufacturing
- Industrial Technology
Geography
- United States – Both Wynnchurch Capital and Boss Industries are based in the United States; Wynnchurch in Illinois and Boss in Indiana.
Industry
- Private Equity – The article revolves around Wynnchurch Capital, a private equity firm, exiting its investment in Boss Industries.
- Manufacturing – Boss Industries operates in the manufacturing sector, specializing in vehicle-integrated compressors and air technology products.
- Industrial Technology – Boss Industries provides engine-driven air technology products such as compressors and generators, catering to industrial applications.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Wynnchurch Capital | Selling Company | Company | A leading middle-market private equity firm based in Rosemont, Illinois. |
Boss Industries | Target Company | Company | A leader in power take-off and engine-driven air technology, headquartered in LaPorte, Indiana. |
Paul Hastings | Legal Advisor | Company | Provided legal advice to Wynnchurch Capital for the transaction. |
D.A. Davidson | Financial Advisor | Company | Served as a financial advisor in the transaction. |
Deloitte Corporate Finance | Financial Advisor | Company | Served as a financial advisor in the transaction. |
Paul Ciolino | Partner at Wynnchurch Capital | Person | Commented on the strategic value and partnership with Boss Industries. |
Mike MacKay | Principal at Wynnchurch Capital | Person | Discussed the execution of the value creation plan with Boss Industries. |
Todd Hudson | President and CEO of Boss Industries | Person | Expressed optimism about the company's future growth. |