Wynnchurch Capital Exits Infra Pipe Solutions

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of Infra Pipe Solutions (“IPS” or the “Company”).

Headquartered in Mississauga, Ontario, IPS is one of the largest HDPE pipe and conduit manufacturers in North America, with industry-leading technical knowledge and a product range that has been honed through more than 50 years of continuous HDPE pipe production and innovation. The Company has grown significantly through organic growth and strategic acquisitions.

Chris O’Brien, Managing Partner at Wynnchurch, stated, “Investing in corporate carve-outs is a core focus for Wynnchurch and we have completed more than twenty, including IPS, since our founding in 1999.” Brian Crumbaugh, Partner at Wynnchurch, added, “IPS represented an opportunity to invest in a company with a market-leading product and service offering. IPS is exceptionally well-positioned to benefit from continued tailwinds within its core end markets and we are very proud and appreciative of the management team’s leadership and accomplishments during our ownership period.”

"During our partnership, IPS expanded its geographic reach and capacity through strategic acquisitions and operational improvements," stated Carl Howe, Managing Director at Wynnchurch. “We want to congratulate Bill and the entire IPS team on an exceptional job and wish them the best on their next chapter.”

“Wynnchurch has been an excellent partner to IPS. Wynnchurch has significant investment and operational expertise, which helped management grow the business, drive continuous improvement and execute on our strategy. In addition, Wynnchurch was critical in leading and executing strategic acquisitions and furthering our efforts to become a world-class organization. We look forward to driving IPS in its next phase of growth,” stated Bill Donaldson, CEO of Infra Pipe.

Perkins Coie LLP and Blake, Cassels & Graydon LLP provided legal advice to Wynnchurch in connection with the transaction, and RBC Capital Markets and William Blair & Co. served as financial advisors.

About Infra Pipe Solutions:

Headquartered in Mississauga, Ontario, Infra Pipe Solutions is a leading manufacturer of large diameter High Density Polyethylene (HDPE) pipe and structures. The company operates from five locations across Canada and the United States. IPS is the North American licensee for Weholite from Uponor Infra Oy. For more information, please visit: www.infrapipes.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.