Middle-market private equity investment firm Wynnchurch Capital has acquired US-based protective packaging provider FCA Packaging from Delos Capital.
Based in Moline, Illinois, FCA Packaging manufactures protective packaging solutions for high-value industrial equipment.
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With a network of 34 locations across the US, the company delivers engineered, custom-designed packaging products made from diverse types of material, including wood, steel, corrugated and hybrid packaging.
Its customer base includes blue-chip original equipment manufacturers (OEMs) from various end markets.
The financial terms of the transaction have not been disclosed.
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Wynnchurch partner Neel Mayenkar said: “The management team at FCA has done an incredible job building the company into one of the largest providers of custom industrial packaging solutions.
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By GlobalData“We are excited about the opportunity to partner with David and the team as we continue to expand the company’s footprint and product portfolio to better service its growing customer base.”
The investment comes as Wynnchurch is actively seeking investment opportunities for its $2.277bn Fund V.
The Illinois-based company has also invested in other companies engaging in various industries, including Premier Franchise Management, Appvion, Owen and Trimlite.
Stifel Financial served as the only debt placement agent for Wynnchurch during the transaction, while Lincoln International acted as FCA Packaging’s sell-side advisor.
FCA Packaging CEO David Wilsted said: “We are committed to providing our customers with best-in-class packaging solutions and unmatched service and are excited to partner with Wynnchurch as we continue into the next phase of growth.
“Wynnchurch understands FCA’s business model and its role as a critical partner to our customers’ supply chains.
“Together, we can continue to grow our platform as the leading provider in protective packaging solutions.”
Wynnchurch Capital manages several private equity funds, with a total of $5.3bn of regulatory assets under management.
The company specialises in recapitalisations, growth capital, management buyouts, corporate carve-outs and restructurings.
