Wynnchurch Capital Successfully Exits Gyptech
Deal News | Dec 04, 2024 | Wynnchurch Capital
Wynnchurch Capital, a prominent middle-market private equity firm, has announced the sale of Gypsum Technologies, commonly known as Gyptech. Based in Burlington, Ontario, Gyptech specializes in designing, engineering, and fabricating new and replacement production lines for gypsum wallboard and asphalt shingle facilities. The company has a strategic presence in North America and Europe and has contributed significantly to innovation within the building construction industry over the past thirty years. Wynnchurch Capital's investment in Gyptech was premised on the company's strong global positioning and its capacity to benefit from industry shifts toward technology upgrades. During Wynnchurch's ownership, Gyptech expanded its capabilities and grew its business significantly both through organic growth and acquisitions. Wynnchurch acknowledges the achievements of Gyptech's team and believes the company is well-poised to capitalize on industry opportunities following a long period of underinvestment. The sale process was supported by legal advisory from Perkins Coie LLP, Stikeman Elliott LLP, and Blake, Cassels & Graydon LLP and financial advisory from Lincoln International.
Sectors
- Private Equity
- Building Materials
- Manufacturing
Geography
- Canada – Gyptech is headquartered in Burlington, Ontario, Canada, and plays a significant role in the article.
- United States – Wynnchurch Capital is based in Rosemont, Illinois, and is key to the transaction discussed.
Industry
- Private Equity – Wynnchurch Capital is a private equity firm specializing in middle-market investments, making it relevant to the article.
- Building Materials – Gyptech operates in the building materials industry, focusing on gypsum wallboard and asphalt shingles production equipment, making this classification pertinent.
- Manufacturing – Gyptech’s involvement in the design and manufacture of production lines for wallboards and shingles situates it in the manufacturing sector.
Financials
- $9.2 billion – Wynnchurch's regulatory assets under management, highlighting the scale of the firm.
Participants
Name | Role | Type | Description |
---|---|---|---|
Wynnchurch Capital | Selling Company | Company | A leading middle-market private equity firm responsible for the sale of Gyptech. |
Gyptech | Target Company | Company | A global leader in gypsum wallboard and asphalt shingle manufacturing equipment. |
Perkins Coie LLP | Legal Advisor | Company | Provided legal advice to Wynnchurch in the transaction. |
Stikeman Elliott LLP | Legal Advisor | Company | Provided legal advice to Wynnchurch in the transaction. |
Blake, Cassels & Graydon LLP | Legal Advisor | Company | Provided legal advice to Wynnchurch in the transaction. |
Lincoln International | Financial Advisor | Company | Served as a financial advisor to Wynnchurch in connection with the transaction. |
Frank Hayes | Managing Partner at Wynnchurch | Person | Spokesperson providing commentary on the Gyptech investment. |
Neel Mayenkar | Partner at Wynnchurch | Person | Provided insight into the company’s strategy during Wynnchurch's ownership of Gyptech. |
Kevin Hanley | Principal at Wynnchurch | Person | Commented on Gyptech's growth and market positioning. |
Jeremy McKellar | CEO of Gyptech | Person | Discussed the strategic growth and partnership with Wynnchurch. |