Wynnchurch Capital has acquired Fairland, Indiana-based MPL, a provider of cultured marble products for the hospitality and multifamily housing markets. No financial terms were disclosed.
Rosemont, IL – June 19, 2019 – Wynnchurch Capital, LLC (“Wynnchurch”) announced that it has acquired MPL Holdings, LLC (“MPL”). MPL is a leader in cultured marble products for the hospitality and multi-family housing markets. MPL has built an excellent reputation by providing high quality products, reliable delivery, and unmatched service to ensure total customer satisfaction.
“MPL’s success is driven by our commitment to providing customers with market leading service and quality; we are excited to partner with Wynnchurch in furthering these efforts,” said Bob Claxton, CEO of MPL. “Wynnchurch understands what has propelled us to the position we are in today and has the resources to fuel the Company’s aspirations for continued growth.”
Paul Ciolino, Operating Partner at Wynnchurch, said, “MPL has developed strong customer relationships through its impressive product offering, collaborative approach and reliability. We are thrilled to partner with Bob and his team to help facilitate the next phase of growth for the business.” Chris O’Brien, Managing Partner at Wynnchurch, added, “The MPL team has established a strong foundation for growth and we believe that through further investment in the business by Wynnchurch, we can expand on that track record of success.”
Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. Earlier this month, Wynnchurch acquired two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs in a diverse set of end markets. Other recent Wynnchurch investments include: Alliance Designer Products, Inc., a leading manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects; Boss Industries, a leading provider of power take-off and engine driven rotary screw air technologies; Infra Pipe Solutions, a leading manufacturer of large diameter, high density polyethylene pipe; Logistik Unicorp Inc., a worldwide leader in managed clothing services and uniform solutions; Critical Process Systems Group, a leading provider of mission-critical engineered solutions for demanding industries and applications; and Team Car Care, the market leader in the quick oil change segment of the “Do-It-For-Me” (“DIFM”) automotive aftermarket.
MPL is a build-to-order manufacturer of cultured marble bath products and accessories. The Company primarily serves hospitality brands throughout the U.S. and Canada. Cultured marble is an engineered composite produced with a precise blend of materials that are molded with a gel coat finish. MPL’s core product offering consists of shower panels/surrounds, shower pans, and accessories. MPL is headquartered in Fairland, Indiana, where the Company maintains a production facility. For more information, please visit: https://www.mplcompany.net.
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: https://www.wynnchurch.com.