PE-backed Boss Industries buys HIPPO Multipower’s commercial assets

Boss Industries, a portfolio company of Wynnchurch Capital, has acquired HIPPO Multipower's commercial assets.

Boss Industries, a portfolio company of Wynnchurch Capital, has acquired HIPPO Multipower’s commercial assets. No financial terms were disclosed. HIPPO is a maker of mobile multipower solutions for utility, municipal, railroad, and industrial coating end markets.

PRESS RELEASE

ROSEMONT, Ill.–(BUSINESS WIRE)–Boss Industries (“Boss”), a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), announced the acquisition of the Commercial Assets of HIPPO Multipower (“HIPPO” or the ​“Company”). HIPPO manufactures and distributes one-of-a-kind mobile multipower solutions for utility, municipal, railroad, and industrial coating end markets.

Todd Hudson, President of Boss, said, “We are very excited to partner with the HIPPO team to add several market-leading mobile power solutions to our ever-expanding product portfolio. This strategic acquisition will allow us to continue providing best-in-class solutions to our customers in addition to expanding the services offered to HIPPO’s existing customer base.”

Mike MacKay, Vice President at Wynnchurch, added, “HIPPO represents an opportunity for Boss to continue to expand its market leading product portfolio and end market coverage. This acquisition demonstrates our commitment to continue to invest behind proven management teams in highly accretive opportunities.”

About HIPPO Multipower:
HIPPO Multipower, headquartered in Kansas City, Missouri, was founded in 1972 as a truck equipment upfitter, specializing in aerial bucket trucks. After developing a reputation as a mobile hydraulic equipment specialist, HIPPO built the industry’s first multipower unit in 1980, delivering hydraulic, air and electric power all from one unit, powered by the truck’s PTO. For more information, please visit: https://hippomultipower.com.

About Boss Industries:
Boss Industries, headquartered in La Porte, Indiana, is a leader in PTO driven rotary screw compressors, engine driven rotary screw compressors, hydraulically driven rotary screw compressors, Gas Compression and Vapor Recovery compression, along with a wide selection of rotary screw air ends for OEM applications. Boss compressors are ideal for the utility truck and service truck industry. For more information, please visit: https://bossair.com.