Wynnchurch Capital said Tuesday that invested in Gypsum Technologies Inc. The company’s management and employees also invested. Financial terms weren’t announced. Gypsum Tech, of Burlington, Ontario, provides machinery and systems for the wallboard industry.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, a leading middle-market private equity firm, has made a growth equity investment in Gypsum Technologies Inc. (“Gyptech” or the “Company”), a global leader in machinery and systems for the wallboard industry. Headquartered in Burlington, Ontario, Gyptech provides complete turn-key solutions for automated gypsum board plants that convert raw gypsum into high quality finished wallboard. Wynnchurch has invested alongside Gyptech’s management team and employees to best capitalize the Company for growth.
“With the support of Wynnchurch Capital, Gyptech is well positioned to succeed on our strategic growth plan and continue to deliver innovative and unique solutions to help our customers grow. Our management team is looking forward to working with Wynnchurch to continue to grow our business on a global scale,” said Gary Murray, CEO of Gyptech.
Frank Hayes, Partner at Wynnchurch, stated, “Gyptech represents another investment by Wynnchurch Capital into the building products space, for which we believe the near and long term fundamentals are quite attractive. Led by a very strong and experienced team, Gyptech’s unrivaled commitment to customer service, engineering support and thought leadership in the industry has set the company apart as the preferred supplier for wallboard plant equipment and systems. We are truly excited to partner with them and support their continued growth.”
Morty White, Managing Director at Wynnchurch said, “We are proud to partner with Gyptech, an innovative Ontario company that is a global leader in the wallboard industry. We look forward to working with such an exceptional team to further execute its growth plans.” Neel Mayenkar, Managing Director at Wynnchurch, added, “Gyptech is committed to, and has a reputation for, delivering the highest quality product, flexible solutions and customer service excellence. They are well positioned in an industry poised for global expansion tied to housing growth.”
ABOUT GYPSUM TECHNOLOGIES:
Since being incorporated in 1993, Gyptech has become a global leader in the design, construction, and commissioning of wallboard equipment and services. Gyptech has developed a team of highly experienced technical professionals dedicated to customer satisfaction. The Company’s team of management, engineers, designers, operations and maintenance personnel is unmatched in the industry and provides superior customer satisfaction by delivering state-of-the-art wallboard production systems. With offices in North America, Europe and South America, Gyptech has been responsible for supplying the equipment for the majority of new wallboard production volumes over the last decade. For more information, please visit: www.gypsumtechnologies.com.
ABOUT WYNNCHURCH CAPITAL:
Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Toronto and Michigan, and affiliates in Montreal, New York City and Los Angeles, 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 Canada and the United States that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.3 billion of capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.
For more information, please visit: www.wynnchurch.com.