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Wynnchurch Capital complements Detroit Tool Metal with Imperial Group buy

15 Aug 2013

truck lorryChicago-based private equity firm Wynnchurch Capital has bought metal fabricator Imperial Group in partnership with BMO Mezzanine Fund and the company’s management team.

The company makes light and medium-gauge components and precision metal stampings for the heavy truck, bus and industrial markets.

Wynnchurch said the combination of the business with its portfolio company Detroit Tool Metal Products, which it bought in June, had created one of North America’s largest businesses of its type.

It added that Imperial and DTMP would operate as subsidiaries of Ironform Holdings but would continue to do business using their respective brand names.

Wynnchurch said it intended to continue to make more strategic acquisitions to build a unique fabrication platform with industry leading capabilities and a presence in the Midwest, South, Southeast, and West Coast.

John Hatherly, managing partner at Wynnchurch, said, “Imperial represents the tenth corporate carve-out transaction in Wynnchurch’s history.

“We are excited to continue to build the Ironform platform with the highly complementary acquisition of Imperial.

“Wynnchurch is proud to partner with Terry Wogan and his team to build a metal fabrication business with best-in-class quality, delivery, and customer service.”

Earlier this year mid-market investor Wynnchurch Capital sold loading dock equipment manufacturer 4Front Engineered Solutions to Assa Abloy.

The company produces mechanical, air-powered and hydraulic dock levellers, seals and shelter as well as safety equipment and aftermarket parts and accessories.

Wynnchurch bought the business through an MBO in 2006, as part of a corporate carve-out from SPX Corp.

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