Wynnchurch buys Critical Process Systems Group

Wynnchurch Capital LLC has acquired Boise, Idaho-based Critical Process Systems Group, a provider of solutions for “highly demanding” industries and applications. No financial terms were disclosed.


Rosemont, IL – June 26, 2018 – Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has completed the acquisition of Critical Process Systems Group, Inc. (“CPS” or the “Company”). CPS is a leading provider of mission-critical solutions for highly demanding industries and applications. The Company provides a broad range of products & services including specialty coated exhaust ducts for the semiconductor and wastewater markets, customized process equipment for the semiconductor and biopharmaceutical industries, as well as a range of highly technical engineering services.

Chris O’Brien, Managing Partner at Wynnchurch said, “CPS has built an outstanding business with a world-class team led by Paul Frascoia. CPS has tremendous opportunities for growth across every segment of the Company. We feel very fortunate to be partnering with CPS to support its growth and build upon the Company’s history of innovation and customer service.”

“Wynnchurch seeks to invest in differentiated, customer-focused businesses that recognize their success is driven by providing solutions and going the extra mile to exceed their customers’ expectations. Paul and the CPS team embrace this philosophy,” added Brian Crumbaugh, Managing Director at Wynnchurch.
“We are excited to partner with Wynnchurch and continue to grow the Company with Wynnchurch’s support and resources. It was clear from the beginning that Wynnchurch understood our business and shared our philosophy of serving as a solutions provider and placing customer needs first,” said Paul Frascoia Chief Executive Officer of CPS.

Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. In March 2018, Wynnchurch acquired Team Car Care, the market leader in the quick oil change segment of the “Do-It-For-Me” (“DIFM”) automotive aftermarket. Other recent Wynnchurch investments include Anderson Metals, a manufacturer of brass fittings, valves, and related products; and America II, a global leader in electronic component distribution and supply chain services across diversified end-markets.

About Critical Process Systems Group:
Critical Process Systems Group, headquartered in Boise, Idaho, is a leading provider of mission-critical solutions for highly demanding industries and applications. The company provides a broad range of products & services including corrosive fume exhaust ducts and air flow control devices, high purity process utility modules, biopharmaceutical processing equipment, and liquid, chemical, and gas storage, blending, and delivery control products, as well as process and mechanical engineering services and project management. For more information, please visit: https://www.cpsgrp.com.

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.