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Wynnchurch Capital Acquires FCA Packaging

·3 min read

ROSEMONT, Ill., July 21, 2022--(BUSINESS WIRE)--Wynnchurch Capital, L.P. ("Wynnchurch") announced today that it has acquired FCA, LLC ("FCA Packaging", "FCA" or the "Company") from Delos Capital. FCA is a leading manufacturer of customized industrial protective packaging solutions. Founded in 1985, FCA has 34 locations across the United States and provides engineered, custom designed packaging products to blue-chip OEMs operating in a wide variety of end markets. The Company offers comprehensive solutions across a variety of material types including wood, steel, corrugated and hybrid packaging.

"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," said David Wilsted, CEO of FCA. David added, "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."

Frank Hayes, Managing Partner at Wynnchurch, said, "We are very pleased to partner with FCA, which has a long, established track record of delivering industry leading quality, uniquely designed solutions, and just-in-time service. Its customer-centric focus and highly engineered industrial applications are a strong fit with our investment philosophy of acquiring well-managed industry leaders."

Neel Mayenkar, Partner at Wynnchurch, 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. 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."

Stifel Financial Corp. acted as Wynnchurch’s Sole Debt Placement Agent. Lincoln International acted as the sell-side advisor to FCA Packaging.

Wynnchurch is actively seeking investment opportunities for its $2.277 billion Fund V. In December, Wynnchurch made a strategic growth investment in Mattress Warehouse, a leading independent mattress retailer with over 300 locations. Other recent Wynnchurch investments include: Premier Franchise Management, the largest U.S. residential pool-build and pool-service franchisor; Appvion, a leading provider of specialty and high performance direct thermal coatings; Owen, a leading provider of critical infrastructure equipment, aftermarket parts and services; and Trimlite, a leading manufacturer and distributor of residential doors and related door products.

About FCA Packaging:

Founded in 1985 and headquartered in Moline, Illinois, FCA is a leading manufacturer of custom designed protective packaging solutions to ensure safe shipment of high-value industrial equipment. The Company operates 34 manufacturing facilities across the United States with a proven history of best-in-class engineering, products and customer service. For more information, please visit: https://fcapackaging.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York and 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 Capital manages a number of private equity funds with $5.3 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.

About Delos Capital:

Delos Capital, founded in 2013, is a lower middle market private equity firm specializing in management buyouts, recapitalizations, and growth investments. For more information, visit: www.deloscap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005960/en/

Contacts

Frank Hayes
Managing Partner
fhayes@wynnchurch.com
847-604-6100

Neel Mayenkar
Partner
nmayenkar@wynnchurch.com
847-604-6100

Mike Teplitsky
Partner
mteplitsky@wynnchurch.com
847-604-6100