Wynnchurch Capital Invests in Handgards
April 16 2024 - 10:35AM
Business Wire
Wynnchurch Capital, L.P. (“Wynnchurch”), announced today that it
has acquired Handgards, LLC (“Handgards” or the “Company”) from
Wind Point Partners in partnership with management. Headquartered
in El Paso, Texas, Handgards is a leading distributor of
foodservice products, including disposable gloves, reclosable bags,
tabletop items, expendables, and other carryout products. The
Company operates eight facilities with over one million square feet
of space and ships over 18 million cases of product annually.
“From our first meeting with Wynnchurch, I knew we had found a
fantastic partner for our next chapter of growth,” said Joe
Kubicek, CEO of Handgards. “Wynnchurch brings significant
commercial and operational expertise in distribution and has
substantial resources to support Handgards’ growth plans.
Importantly, they also share our core values of providing
best-in-class service and quality products to our customers.”
Greg Gleason, Managing Partner at Wynnchurch, said, “We are
thrilled to partner with Joe and the Handgards team to build on
their impressive and long track record of success. The Company's
value proposition, diversified service offering, and long-standing
relationships make Handgards a great fit with our investment
philosophy.”
Carl Howe, Principal at Wynnchurch, added, “Handgards has built
a reputation as a leading provider of critical safety and
disposable products to the foodservice market. We are pleased to
partner with the Handgards team to build on the Company’s momentum
and pursue acquisitions and new opportunities for growth.”
Houlihan Lokey acted as financial advisor, and Foley &
Lardner LLP acted as legal advisor, to Wynnchurch.
Wynnchurch manages a number of private equity funds with $9.2
billion of regulatory assets under management and is actively
seeking investments. In September 2023, Trimlite, a Wynnchurch
portfolio company, acquired Francis-Schulze Company, a leading
value-added distributor of exterior door products and hardware.
Other recent investments include: FloWorks, a distributor of
critical flow control products; Industrial Service Solutions, a
national provider of MRO-focused field, shop, and supply services;
and FCA, a leading manufacturer of customized industrial protective
packaging solutions.
About Handgards:
Handgards, headquartered in El Paso, Texas, is a leading
distributor of foodservice products, including disposable gloves,
reclosable bags, tabletop items, expendables, and other carryout
products. In the past two years, Handgards acquired two companies,
Fineline Settings and Emi Yoshi, and has successfully integrated
these two businesses. The Company operates eight facilities with
over one million square feet of space and ships over 18 million
cases of product annually. For more information, please visit:
www.handgards.com.
About Wynnchurch Capital:
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. For more information, please visit:
www.wynnchurch.com or follow us on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416429048/en/
Greg Gleason Managing Partner ggleason@wynnchurch.com
847.604.6100
Carl Howe Principal chowe@wynnchurch.com 847.604.6100
Mike MacKay Principal mmackay@wynnchurch.com 847.604.6100