ROSEMONT, Illinois – (COMMERCIAL THREAD) – Wynnchurch Capital, LP (“Wynnchurch”), a leading mid-market private equity firm, has announced the sale of a controlling interest in Rosboro Holdings, Inc. (“Rosboro” or the “Company “) To One Equity Partners (” OEP “). Pursuant to the transaction, Wynnchurch will continue to hold a significant minority interest in the Company.
Headquartered in Springfield, Oregon, Rosboro is a leading manufacturer of engineered wood products, including in-stock and custom (“glue-laminated”) glulam and used lumber. in the residential and light commercial construction end markets. Following Wynnchurch’s investment in December 2016, Rosboro successfully separated from its captive forest lands, completed the acquisition of Western Structures, significantly developed the business, developed its sales force to drive growth. requested and made investments to improve operations and develop its glue-laminated timber product. offerings.
Brian Crumbaugh, Partner at Wynnchurch, said: “Rosboro presented an opportunity to invest in a company with a leading market position, a differentiated product offering and long-standing customer relationships. We are proud of the accomplishments of the management team during our ownership period and look forward to continuing our partnership with management during the next phase of Rosboro’s growth.
“Rosboro is uniquely positioned to benefit from continued favorable winds in its key end markets,” added Chris O’Brien, Managing Partner at Wynnchurch. “We look forward to partnering with OEP and the Rosboro management team over the next several years. ”
“Wynnchurch has been a great partner and provided tremendous support during their ownership. They have helped us continuously improve all of our operations and implement multiple organic and inorganic growth initiatives. We are delighted to partner with both OEP and Wynnchurch as we seek to implement our long-term growth initiatives, ”said Rich Babcock, CEO of Rosboro.
“Rosboro is an excellent company that manufactures high quality, differentiated engineered wood products on a large scale,” said Matthew Hughes, CEO of OEP. “Rosboro is poised to benefit from a number of growth drivers, including single-family housing starts, net migration to the western United States, increased home repairs and renovations and the growing share of glued laminated timber compared to alternatives to structural timber and other engineered timber products. We look forward to working with CEO Rich Babcock and his team to capitalize on a growing market opportunity. ”
Houlihan Lokey Capital, Inc. and Perkins Coie LLP acted as financial and legal counsel, respectively, to Rosboro and Wynnchurch.
Wynnchurch is actively seeking investment opportunities for its $ 2.277 billion V fund. In December, Wynnchurch acquired Appvion, a leading supplier of specialty, high performance direct thermal coatings. Other recent investments by Wynnchurch include: Owen, a leading supplier of critical infrastructure equipment, spares and services; Trimlite, a leading manufacturer and distributor of residential doors and related door products; Northern Wholesale Supply, a leading supplier of recreational and marine vehicle parts and accessories; and The Wheel Group, a leading designer and distributor of branded aftermarket wheels, specialty tires and related accessories.
Rosboro is a leading manufacturer of engineered wood products used in residential and light commercial construction, including stock and custom glulam (“glulam”) and a variety of other products. lumber. Founded in 1939 and headquartered in Springfield, OR, Rosboro has developed a unique product offering focused on customer-centric solutions. Rosboro operates from two manufacturing campuses located in Springfield and Veneta, OR. For more information, please visit: https://www.rosboro.com.
About Wynnchurch Capital:
Wynnchurch Capital, LP, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and a subsidiary in Canada, was founded in 1999 and is one of the leading mid-market private equity firms. Wynnchurch’s strategy is to partner with mid-market companies in the United States and Canada that have the potential for substantial growth and improved earnings. Wynnchurch Capital manages a number of private equity funds with committed capital under management of $ 4.2 billion and specializes in recapitalizations, growth capital, business buyouts, company spinoffs and restructuring. For more information, please visit: https: // www .wyn nchurch .com.
About One Equity Partners:
OEP is a mid-sized private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. The company creates market-leading businesses by identifying and executing combinations of transformative businesses. OEP is a trusted partner with a differentiated investment process, a large and senior team and an established track record that generates long-term value for its partners. Since 2001, the company has completed more than 180 transactions worldwide. OEP, founded in 2001, grew out of JP Morgan in 2015. The company has offices in New York, Chicago and Frankfurt. For more information, please visit: https://www.oneequity.com.