Wynnchurch Capital LLC said Oct. 1 that it invested in Eastern Metal Supply. Financial terms weren’t announced. Eastern Metal, of Lake Worth, Florida, distributes aluminum extrusions and related products.
Wynnchurch Capital Invests in Eastern Metal Supply
Rosemont, IL – October 1, 2019 – Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has made an investment in Eastern Metal Supply (“EMS”). EMS is a leading value-added distributor of aluminum extrusions and related products. Founded in 1982 and headquartered in Lake Worth, Florida, EMS started with just five employees and has grown to employ approximately 800 today. Their single Florida location has also grown into fourteen nationwide distribution centers and manufacturing facilities, totaling nearly 1.5 million square feet under roof.
“We have built and grown EMS by providing our customers with exceptional service, just-in-time delivery and a wide breadth of value-added products. Wynnchurch shares this commitment and we are excited to partner with them as we continue that mission and pursue our next phase of growth,” said Greg Weekes, President and Co-Founder of EMS.
Chris O’Brien, Managing Partner at Wynnchurch, said, “For nearly 20 years, a core part of our strategy at Wynnchurch has been investing in founder-led companies. We are very fortunate to be able to continue this with our investment in EMS and partnership with Greg.” Greg Gleason, Managing Director at Wynnchurch, added, “As a market-leading, value-added distributor serving a wide variety of end markets, EMS is an ideal platform poised for continued growth. We look forward to working with Greg and his team to build on this impressive track record.”
Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. In June, Wynnchurch acquired MPL Holdings, a leader in cultured marble products for the hospitality and multi-family housing markets, and two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs. 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; and Infra Pipe Solutions, a leading manufacturer of large diameter, high density polyethylene pipe.
About Eastern Metal Supply:
Eastern Metal Supply, headquartered in Lake Worth, Florida, is a value-added distributor of aluminum extrusions and related products that are sold into a variety of industrial, commercial, residential, and marine end markets. Founded in 1982 with a single Florida location, EMS has expanded into new regions and now operates fourteen distribution and manufacturing facilities, totaling nearly 1.5 million square feet. EMS focuses on excellent service and quality and has earned a reputation as a first-class, value-added distributor. For more information, please visit: https://www.easternmetal.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: https://www.wynnchurch.com.