Wynnchurch Capital Exits TH Holdings

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of TH Holdings (“THH” or the “Company”), a diversified industrial manufacturer consisting of market-leading brands Texas Hydraulics, Hydromotion, and Oilgear ("the companies"). The companies are leading manufacturers of highly engineered, custom-designed hydraulic components.

The group offers end-to-end services for hydraulic components, from bespoke engineering to after-market support. The services and components are used by original equipment manufacturers (OEMs) and aftermarket customers across a wide range of heavy-duty and extreme-duty applications.

TH Holdings serves the mobile, industrial, and energy markets through its subsidiaries: Texas Hydraulics designs and manufactures large bore, long stroke cylinders; Hydromotion designs and manufactures hydraulic swivels and electrical slip rings; and Oilgear designs and manufactures pumps, valves, and controls.

Frank Hayes, Managing Partner at Wynnchurch, stated, “TH Holdings represented an opportunity to invest in a leading hydraulics solutions provider with a reputation for engineering products for the world’s harshest operating environments. This expertise paired with a passion for manufacturing excellence formed a unique value proposition for customers. We are very proud of everything the team has accomplished during our ownership and wish them well in their partnership.”

"TH Holdings demonstrated strong growth during our ownership across its core markets and developed a number of exciting new product and service offerings that lay the foundation for future growth," stated JD Frank, Principal at Wynnchurch. “We are appreciative of all the outstanding work by management during our ownership.”

“Wynnchurch has been a valued partner and provided tremendous support during their ownership. They helped management grow the business, drive continuous improvement, and execute our strategy. We are excited to drive the next phase of growth at TH Holdings,” stated Patrick Taylor, CEO of THH.

Lazard Frères & Co LLC and Lincoln International served as financial advisors and Perkins Coie LLP provided legal advice to Wynnchurch in connection with the transaction.

About TH Holdings

TH Holdings is a diversified industrial manufacturing group that operates Texas Hydraulics, Hydromotion, and Oilgear. The group offers a comprehensive range of highly engineered, custom-designed cylinders, swivels, slip rings, pumps, valves, and controls, and after-market support. With a legacy dating to 1921, the group has a reputation for providing bespoke solutions and reliability in the most demanding applications, with long-standing relationships with blue-chip OEM customers across its served end markets. For more information, please visit: www.texashydraulics.com, www.hydromotion.com and www.oilgear.com.

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.