Wynnchurch Capital acquires Buchanan Rubber
ROSEMONT -- Wynnchurch Capital LLC has completed the acquisition of Buchanan Rubber Ltd., the private equity investment firm announced.
Terms of the acquisition were not announced.
Buchanan will be part of a growing distribution platform that includes Anderson Metals, LLC and Midland Metal Mfg. The platform is a North American distributor of valves, fittings, hoses, couplings, and related products to a variety of end-markets.
"With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water, and infrastructure sectors," said Wymmchurch CEO Vince Hodes. "In addition, we can now offer our customers new products with a full line of hose and couplings as we continue to enhance our value proposition and execute on our growth strategy."
Founded in 1986 and based in Toronto, Canada, Buchanan is a distributor of industrial hoses, couplings, and sheet rubber with approximately 8,000 SKUs. The company distributes products to a variety of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food & beverage, and general industrial.
"This combination is not only a strong strategic fit with complementary products, geographies, and end-markets, but also an excellent cultural fit with our shared dedication to customer service and our employees," Dave Merrick, co-owner of Buchanan, added.