• Corporate Finance Transactions

Brown Gibbons Lang & Company Racks Up Another Deal with the Sale of United Fixtures to Wynnchurch Capital

June 15 2005

Brown Gibbons Lang & Company (BGL) announced today the sale of United Fixtures, Inc. (United Fixtures) to Wynnchurch Capital (Wynnchurch), a privately owned investment management firm. 

United Fixtures is the preeminent designer and manufacturer of heavy-duty, steel storage and display systems and vertical carousels to targeted markets throughout the U.S., Canada, and Mexico. The Company was acquired by certain general partners of Kohlberg Kravis Roberts & Co. (KKR) in 1995 and subsequently made an add-on acquisition.
 
Since its founding, United Fixtures has capitalized on the substantial growth in the retail home center industry to become the leading supplier of heavy-duty storage and motorized display systems to the nation’s two largest home improvement chains. It also provides storage systems and value-added ancillary services; such as, product design and engineering, logistics, repairs and maintenance, installation, and safety inspections to its core customers.
 
BGL was engaged by United Fixtures to manage the sale of the Company due to BGL’s extensive experience in the metal structure and industrial automation sectors.
 
“United Fixtures has experienced a period of rapid growth while improving quality, service, and costs over the past eighteen months,” said Daryle Lovett, CEO of United Fixtures. “BGL demonstrated a keen understanding of the goals and objectives of the various stakeholders which greatly contributed to the success of the transaction.”
 
Andrew Petryk, managing director and principal at BGL, said, “We received substantial interest from strategic and financial buyers. United Fixture’s strong market share and long-term growth opportunities coupled with an experienced management team made it an extremely attractive acquisition opportunity.”
 
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, and financial restructurings. BGL is the U.S. partner in Global M&A, one of the world’s leading partnerships of top mid-market, cross-border investment banks. More information on BGL can be found at www.bglco.com.
 
About Wynnchurch Capital
Wynnchurch Capital is a privately owned investment management firm managing a number of private equity funds with capital under management in excess of $200 million. Wynnchurch specializes in management buyouts, recapitalizations, restructurings, acquisitions and growth capital investments. The Managing Partners of Wynnchurch Capital, collectively, have made more than 200 investments in middle market companies during their combined 75 year investment history and have investment expertise in the following industries: manufacturing, metals, consumer products, business services and distribution. Please contact Thomas P. Guido at tguido@wynnchurch.com or 847-604-6109 for further information regarding United Fixtures.

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