Wynnchurch Capital has sold Critical Process Systems to Exyte Group. No financial terms were disclosed. William Blair & Company and Paul Hastings LLP served as financial advisor and legal counsel, respectively, to CPS and Wynnchurch Capital. Based in Boise, Idaho, CPS is a provider of mission-critical process solutions.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today the sale of Critical Process Systems Group (“CPS”) to Exyte Group (“Exyte”), a global leader in the design, engineering, and delivery of high-tech facilities.
Headquartered in Boise, Idaho, CPS is a leading provider of mission-critical process solutions for highly demanding industries and applications, including the semiconductor, biopharmaceutical, life sciences and wastewater markets.
Brian Crumbaugh, Partner at Wynnchurch, stated, “CPS represented an opportunity to invest in a company with a market leading product and service offering. We are very proud and appreciative of the management team’s leadership and accomplishments during our ownership period. Exyte is an ideal partner for CPS as it looks to execute on its growth plan in the upcoming years.”
“CPS is exceptionally well-positioned in its core markets and has grown tremendously across each of its business lines during our partnership,” added Chris O’Brien, Managing Partner at Wynnchurch. “We’re thrilled with the outcome and wish the CPS team and Exyte our best.”
“Wynnchurch has been a valued partner and provided tremendous support during their ownership. They helped management grow the business, drive continuous improvement, and execute on our strategy. We are excited to be a part of Exyte as we serve the same industries and share the same high standards of technical expertise and project execution,” said Dmitry Shashkov, CEO of CPS.
“Adding CPS to the Exyte Group strengthens our services and process equipment portfolio, providing innovative product solutions and adding more value for our customers by providing immediate support for capital expansion efforts,” says Dr. Büchele, CEO of Exyte. “We look forward to welcoming more than 400 employees with expert knowledge and technical competencies to Exyte.”
William Blair & Company and Paul Hastings LLP served as financial advisor and legal counsel, respectively, to CPS and Wynnchurch Capital.
Wynnchurch is actively seeking investment opportunities for its $2.277 billion Fund V. In July, Wynnchurch acquired Trimlite, a leading manufacturer and distributor of residential doors and related door products. Other recent Wynnchurch investments include: Northern Wholesale Supply, a leading provider of RV and marine parts and accessories; The Wheel Group, a leading designer and distributor of branded aftermarket wheels, specialty tires, and related accessories; and Labrie Environmental Group, a leading manufacturer of refuse collection vehicles across North America.
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.