Wynnchurch Capital completes acquisition of Principal Industries, LLC to strengthen its position in the LED components market
Wynnchurch Capital completes acquisition of Principal Industries, LLC to strengthen its position in the LED components market
11/12/24, 6:30 PM
Location
Industry
angel investment
venture capital
finance
financial services
manufacturing
Wynnchurch Capital, L.P., a leading middle-market private equity firm, has announced the acquisition of Principal Industries, LLC alongside Principal’s founders, Bryan and Blake Vincent, and the management team. This acquisition aims to leverage Principal’s expertise in LED components and engineered assemblies for signage and brand imaging applications, allowing Wynnchurch to strengthen its position in the market.
Company Info
Location
Rosemont, Illinois, United States
Company info
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in 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 manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools.