Wynnchurch Capital has made an investment in St. Petersburg, Florida-based America II Group, an electronic component distributor. No financial terms were disclosed.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”), announced today that it has completed an investment in America II Group, Inc. (“America II” or the “Company”). America II is a leading electronic component distributor, supplying a broad array of products for use in higher value-add applications across diversified end-markets including industrial controls and sensors, medical devices, data networks, internet-connected products and material handling/transportation equipment. The Company was founded in 1989 and is headquartered in St. Petersburg, Florida with a global footprint and offices in the UK, Germany, China, Japan, Singapore and Mexico.
“We are excited to partner with a great management team and invest in a global market leader with a differentiated value proposition, diversified customer base and growing end-markets,” said Frank Hayes, Managing Partner at Wynnchurch. “America II has built a reputation for excellent product quality, availability and service and we look forward to partnering with management to execute on key operational initiatives and accelerate its strategic growth plan,” added Greg Gleason, Managing Director at Wynnchurch.
“Our leadership team is very excited about this next step for our business and we are confident that our partnership with Wynnchurch will propel America II’s leadership position and enable us to significantly expand our global footprint,” said Michael Galinski, Chief Executive Officer and Founder of America II. Jed Pecchioli, Chief Operating Officer of America II commented, “Wynnchurch will bring new resources and tools to help us drive towards operational excellence and continue our strong track record of growth with best-in-class customer service.”
About America II:
America II, headquartered in St. Petersburg, Florida, is a global leader in electronic component distribution and supply chain services serving a broad array of products for use in higher value-add applications. The Company has a global footprint and sources and stocks 1 billion+ components with 100,000+ unique SKUs. For more information, please visit: http://www.americaii.com. CHILDS Advisory Partners served as exclusive financial advisor to America II on the transaction.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and 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 Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: www.wynnchurch.com.