Wynnchurch Capital Acquires Charter Industries

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today that it has acquired Charter Industries, LLC (“Charter Industries” or the “Company”).

Founded in 1991 and headquartered in Grand Rapids, Michigan, Charter Industries is a leading provider of edgebanding and complementary products. The Company is North America’s only vertically integrated supplier of edgebanding and related solutions serving over 4,500 customers across healthcare, education, hospitality, residential, office, retail, and other end markets.

Todd Shelton, CEO of Charter Industries, said, ​“We are incredibly proud of the Company our team has built. With Wynnchurch’s support and resources, we are well-positioned to accelerate growth, expand our capabilities, and continue delivering high-quality products and exceptional service to our customers.”

Brian Crumbaugh, Partner at Wynnchurch, said, ​“Charter has established itself as a market leader with a strong reputation for quality, reliability, and innovation. We are excited to partner with Todd and the entire Charter team to build on this foundation and pursue the many opportunities we see ahead.”

Carl Howe, Managing Director at Wynnchurch, added, “We believe Charter’s vertically integrated platform and extensive distribution network create a compelling value proposition for customers across a wide range of end markets. Our investment will focus on supporting the Company’s next phase of growth, both organically and through strategic acquisitions.”

About Charter Industries:

Founded in 1991 and headquartered in Grand Rapids, Michigan, Charter Industries is a leading provider of edgebanding and complementary products. The Company is North America’s only vertically integrated supplier of edgebanding and related solutions, serving more than 4,500 customers across healthcare, education, hospitality, residential, office, retail, and other end markets. For more information, please visit: www.charterindustries.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 $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools. For more information, please visit: www.wynnchurch.com or follow us on LinkedIn.