Wynnchurch Capital Acquires Astro Shapes

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today that it has acquired Astro Shapes, LLC (“Astro Shapes” or the “Company”) from Monomoy Capital Partners in partnership with management.

Founded in 1971 and headquartered in Struthers, Ohio, Astro Shapes is a leading manufacturer of custom aluminum extrusions. The Company primarily serves the building products and recreational vehicle markets through three facilities across the Midwest and Northeast. For over 50 years, Astro Shapes has been known for its market-leading lead times, excellence in quality, customer service and value-added capabilities. Astro Shapes operates state-of-the-art, computerized extrusion presses capable of creating and manufacturing custom extrusions in over 14,000 unique, cutting-edge shapes and sizes in painted, thermal, anodized and other finishes.

Steve DeVoe, CEO of Astro Shapes, said, ​“Over its more than 50-year history, Astro Shapes has built a strong reputation in the market for providing customers with best-in-class service and quality on some of their most complex orders. We are eager to move forward with Wynnchurch’s support and leverage their significant manufacturing expertise to accelerate Astro Shapes’ growth plans.”rod/preview_16215138.htm

Greg Gleason, Managing Partner at Wynnchurch, said, ​“Astro Shapes has an industry leading value proposition with its unique services and technological capabilities. We’re excited to partner with Steve and his team to continue their track record of delivering superior products and services to their customers and build upon Astro Shapes’ position as a leading manufacturer of specialty aluminum products.”

Carl Howe, Managing Director at Wynnchurch, added, “Astro Shapes is uniquely positioned as a leader in its core geographies and end markets, with its purpose-built manufacturing equipment and highly automated production processes. The Company has significant runway to grow and continue providing exceptional value to its customers, and we are excited to work with management on those plans.”

Goldman Sachs & Co. LLC acted as financial advisor, and Paul Hastings LLP served as legal advisor, to Wynnchurch.

About Astro Shapes:

Founded in 1971 and headquartered in Struthers, Ohio, Astro Shapes is a leading manufacturer of custom aluminum extrusions serving customers throughout the Midwest and Northeast United States. Astro’s products are critical inputs with applications in residential and commercial building products, recreational vehicles, and other general industrial end markets. For more information, please visit: www.astroshapes.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: www​.wyn​nchurch​.com or follow us on LinkedIn.