Wynnchurch Capital has announced the sale of 4Front Engineered Solutions to ASSA ABLOY, Inc. Headquartered in Carrollton, Texas, 4Front is a manufacturer of loading dock equipment.
Wynnchurch Capital, Ltd. (“Wynnchurch”), a leading middle-market private equity firm, announced the sale of 4Front Engineered Solutions, Inc. (“4Front”) to ASSA ABLOY, Inc. Headquartered in Carrollton, Texas, 4Front is a leading manufacturer of a complete line of loading dock equipment for a premier list of global customers. Its products consist of mechanical, air-powered and hydraulic dock levelers, seals and shelters, trailer safety restraints, energy efficient HVLS fans, specialty dock doors, material handling lifts, and aftermarket parts and accessories. 4Front’s premier brands include Kelley, LoadHog, Serco, TKO and APS Resource.
Wynnchurch partnered with Company management in October 2006 to purchase the business in a corporate carve-out from SPX Corporation. 4Front was an underperforming business when Wynnchurch purchased it in 2006. In partnership with Keith Moore, CEO of 4Front, and management, Wynnchurch devised an improvement plan which included growth and cost reduction initiatives.
John Hatherly, President of Wynnchurch, said, “We are very satisfied with the successful sale of 4Front to ASSA ABLOY, where we trust the company will continue its history of profitable growth under the leadership of Keith Moore and his team.”
About ASSA ABLOY:
Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with around 41,000 employees and sales of more than SEK 42 billion. As the world’s leading lock group, ASSA ABLOY offers a more complete range of door opening solutions than any other company on the market. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
About Wynnchurch Capital:
Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, 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 which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.
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