CPE Media News (12/5/2018) – Wynnchurch Capital, LLC has acquired Buchanan Rubber Ltd. from co-owners, Jahan Roohi and Dave Merrick, and combined it with Anderson Metals, LLC. Financial terms were not disclosed.
Founded in 1986, Toronto based Buchanan is a leading distributor of industrial hoses, couplings, and sheet rubber with approximately 8,000 SKUs.
Buchanan Rubber is Anderson Metals’ second add-on acquisition since Wynnchurch Capital acquired the Kansas City, Missouri based company in January 2018. Wynnchurch Capital acquired Midland Metal Mfg in November 2018 and combined with Anderson Metals.
photo credit: Buchanan Rubber
Wynnchurch Capital Invests in Buchanan Rubber as Part of Growing Distribution Platform
Rosemont, IL – December 5, 2018 — Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has completed the acquisition of Buchanan Rubber Ltd. (“Buchanan”). Buchanan will be part of a growing distribution platform that includes Anderson Metals, LLC (“Anderson”) and Midland Metal Mfg. (“Midland”). The platform is a leading North American distributor of valves, fittings, hoses, couplings, and related products to a variety of end-markets.
Vince Hodes, CEO, said in a statement, “We are excited to leverage decades of industry expertise, product knowhow and management talent to create a leading distribution platform. With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water, and infrastructure sectors. In addition, we can now offer our customers new products with a full line of hose and couplings as we continue to enhance our value proposition and execute on our growth strategy.”
Jahan Roohi, co-owner of Buchanan, stated, “We’re excited about this new partnership with Wynnchurch and management and the tools and resources they bring to significantly grow our business as we take it to the next level.” Dave Merrick, co-owner of Buchanan, added,“This combination is not only a strong strategic fit with complementary products, geographies, and end-markets, but also an excellent cultural fit with our shared dedication to customer service and our employees. This is an exciting time for our business.”
Founded in 1986 and based in Toronto, Canada, Buchanan is a leading distributor of industrial hoses, couplings, and sheet rubber with approximately 8,000 SKUs. The company distributes products to a variety of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food & beverage, and general industrial. For more information, please visit: buchananrubber.com.
Founded in 1980 and based in Kansas City, MO, Midland is a distributor with over 13,000 SKUs comprising valves, fittings and related products. The company distributes to general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, and other end-markets. For more information, please visit: midlandmetal.com.
Founded in 1947 and based in Kansas City, MO, Anderson is a distributor and manufacturer with over 12,000 SKUs comprising valves, fittings, pipe nipples, and related products. The company distributes to plumbing, hardware, industrial, and other end-markets. For more information, please visit: andersonmetals.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: wynnchurch.com.
FOR MORE INFORMATION PLEASE CONTACT
Christopher P. O’Brien
Greg B. Gleason
Morty J. White
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