West Palm Beach, FL. Nov. 21, 2013 – Comvest Partners and Wynnchurch Capital, leading middle-market, private equity investment firms, have been honored by the Chicago/Midwest Chapter of the Turnaround Management Association (TMA) for their work with United States Pipe and Foundry Company, LLC and Fast Fabricators, LLC (U.S. Pipe). TMA honors excellence through its annual awards program.
Based in Birmingham, Alabama, U.S. Pipe is a leading manufacturer of a broad line of ductile iron pipe products, fittings and joint restraints used in drinking water and wastewater systems. Prior to the acquisition, U.S. Pipe was a subsidiary of Mueller Water Products, Inc. (NYSE:MWA).
John Caple, Managing Director at Comvest, stated, “We very much appreciate this recognition by the TMA. It is a tribute to the efforts and leadership of the team and the diligent execution of our investment thesis. U.S. Pipe is a market leader in the water industry and we are proud to have helped rebuild this important brand and business.” Terry Theodore, Partner at Wynnchurch, added, “Partnering with strong management teams and focusing on operational improvements are critical cornerstones to Wynnchurch’s disciplined investment approach that enables us to bring value to distressed assets. We are obviously very pleased with the performance of U.S. Pipe and more importantly are excited about what we have left to accomplish.”
Comvest Partners, with $1.1 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. Our firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.7 billion of capital in over 120 public and private companies. Please visit www.comvest.com.
Wynnchurch Capital, headquartered in the Chicago suburb of Rosemont, Illinois with offices in Detroit, Toronto, and an affiliate office in Montreal, 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 which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. please visit: www.wynnchurch.com.