Wynnchurch reveals partner promotions in wake of $2.27bn Fund V raise

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Wynnchurch Capital has followed its target-busting $2.27bn fund close from earlier this year by a string of partner promotions.

Greg Gleason, Brian Crumbaugh, Paul Ciolino and Roy Sroka have all been promoted to the position, with Cleason also being named a member of the firm’s investment committee.

Chris O’Brien, managing partner at Wynnchurch, said, “We are very fortunate to have such a deep and long-tenured team of leaders at Wynnchurch, especially during such challenging times.

“Their character, leadership and experience will drive continued growth and value creation for our investors.”

Wynnchurch raced to a $2.27bn final close for its fifth flagship fund last month, making it almost 50 per cent larger than the firm’s initial target for the vehicle.

The mid-market buyout house had hoped to gather $1.6bn for Wynnchurch Capital Partners V, but soared to its hard cap after just four months of fundraising.

Chicago-based Wynnchurch previously gathered $1.3bn for its fourth fund in 2014.

Recent deals from the firm include buying Clyde Industries, a designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers.

The firm invests across sectors including aerospace, defense and government, building products and materials, consumer and food, energy, natural resources, manufacturing, transport and business services.

Earlier this year Wynnchurch brought in industry veteran Bob Linscott as an operating partner.

Linscott served as the vice president of operations for Fluke Corporation, a subsidiary of Fortive which manufactures industrial test, measurement and diagnostic equipment including electronic test equipment.

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