Wynnchurch Capital Exits Clyde Industries

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, today announced the sale of Clyde Industries (“Clyde” or the “Company”).

Headquartered in Atlanta, Georgia, Clyde is a leading designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers that clean residue and deposits from the boiler walls and heat exchangers to prevent plugging during operation. In addition to equipment, the Company provides comprehensive services and aftermarket support to maximize efficiency and reliability for its customers’ operations. Wynnchurch acquired Clyde in 2019 as a corporate carve-out from Clyde Bergemann Power Group.

Frank Hayes, Managing Partner at Wynnchurch, stated, “Our investment in Clyde was centered on supporting a management team with deep industry expertise. Together, we strengthened the Company’s core capabilities while positioning it for long-term success. We are proud of what has been accomplished and look forward to watching Clyde continue to thrive.”

Mike MacKay, Principal at Wynnchurch, stated, “Our investment in Clyde continues to demonstrate Wynnchurch’s strategy in carving out market leading businesses to support management teams and unlock value for all stakeholders. Through this investment, we have been able to help the team expand in new markets and create a platform capable of sustained growth. We are excited to see the next phase of Clyde’s journey.”

“Wynnchurch has been an invaluable partner. Their support and resources enabled us to invest in our people, expand capabilities, and strengthen our global footprint. Through this investment, we continue to be excited about the future opportunities ahead,” stated Brent Beachy, CEO of Clyde.

Lincoln International LLC acted as financial advisor to Wynnchurch Capital. Foley & Lardner LLP served as legal counsel.

About Clyde Industries:

Headquartered in Atlanta, Georgia, Clyde is a leading provider of boiler efficiency solutions for the most demanding applications in the pulp & paper, power and other industrial markets. While the Atlanta operation has focused on the pulp and paper industry since its foundation in 1990, the Company has also become a market leader in power boiler, waste-to-energy and biomass applications. For more information, please visit: www.​clyde​-indus​tries​.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 Charter Industries, a leading provider of edgebanding and complementary products. Other recent investments include: Astro Shapes, a leading manufacturer of custom aluminum extrusions; Principal Industries, a leading provider of LED components and engineered assemblies; and ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies. For more information, please visit: www​.wyn​nchurch​.com or follow us on LinkedIn.