Wind Point Partners has bought Interface Solutions in partnership with Bill Warkentin. Financial terms weren’t announced. Interface designs and makes fiber-reinforced gasket materials for automotive, heavy-duty diesel, small engine, transmission and compressor applications. Warkentin was most recently President and CEO of Titan Automotive Group.
Wind Point Partners, a Chicago-based private equity investment firm, today announced the acquisition of a new platform company, Interface Solutions, Inc. Wind Point acquired Interface in partnership with Bill Warkentin, an executive with 27 years of experience supplying the automotive and heavy duty transportation markets, who will join the business as CEO. Bill was most recently President and CEO of Titan Automotive Group GmbH, a $2.2 billion manufacturer of assemblies and modules serving the industrial, automotive and aerospace industries.
Interface designs and manufactures fiber-reinforced gasket materials for automotive, heavy-duty diesel, small engine, transmission and compressor applications, as well as composite materials used in calendar bowl paper, heat shields and electrical barriers. Interface serves over 200 customers throughout the world. It manufactures products from six facilities in the United States and a seventh facility in Germany and has sales offices around the globe.
Nathan Brown, a managing director at Wind Point, stated, “We are excited to partner with Bill on the Interface platform. We plan to make significant investments to support the company’s growth, in particular to support our global customers by expanding our international footprint and product lines. We have already started identifying unique acquisition opportunities that will immediately broaden Interface’s product portfolio.”
“The management team and I are excited to partner with Interface at this important phase of the company’s development,” said Warkentin. “The company has superior sealing technology, strong management and great people. Interface’s products create tremendous value for its customers. This is a solid foundation from which to build a more complete package of advanced sealing and thermal management solutions for our current and future customers.”
M & T Bank provided debt financing for the transaction. Reed Smith LLP acted as the exclusive legal advisors to Wind Point Partners.
About Wind Point Partners
Wind Point Partners is a private equity investment firm that manages commitments of approximately $2.5 billion. Wind Point focuses on partnering with top caliber CEOs to acquire middle market businesses where we can establish a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.
About Interface Solutions
Interface Solutions, Inc. is a leading manufacturer of sealing systems and engineered composite materials, including a unique line of specialty papers. The organization enjoys long-established cooperative partnerships with customers in an array of worldwide markets. The company offers both OEM and aftermarket customers unmatched technical and design support as well as application testing. Interface has an extraordinary depth of experience and engineering knowledge, with roots to predecessor companies dating back over 90 years. More information can be found at www.sealinfo.com.