Rosemont, IL - May 31, 2017 - Wynnchurch Capital, LLC ("Wynnchurch"), a leading middle market private equity firm, announced today that Scott Farrell has joined the firm as an Operating Partner. Mr. Farrell previously served as the CEO of SafeWorks Holdings, Inc. (“SafeWorks”), a leader in the manufacture, sale and rental of powered suspended access and safety solutions for commercial and industrial application as well as the wind energy market.
Wynnchurch acquired SafeWorks in August of 2006 eventually leading to a highly successful sale of the business to Evergreen Pacific Partners in July 2014.
John Hatherly, Wynnchurch’s Co-Managing Partner, said, "We are excited to have Scott rejoin the Wynnchurch family. His experience, dedication and unwavering commitment to excellence have already created tremendous value for our investors and we look forward to his contributions to our ongoing activities."
Mr. Farrell stated, "I am delighted to again work with the Wynnchurch team, enjoying success with them previously as the CEO of SafeWorks and now as an Operating Partner.” Mr. Farrell joined SafeWorks in 2002. Previously Mr. Farrell served in General Management roles at Danaher and Eaton Corporation in the industrial automation, electrical controls and test and instrumentation industries. Mr. Farrell also served as the President and CEO of Zoneworks, a venture capital funded industrial automation startup. Mr. Farrell further commented, “While leading SafeWorks, I worked closely with Wynnchurch as we navigated through the challenges of the great recession only to emerge as a stronger company benefitting customers, employees and investors. I look forward to leveraging this learning experience and Wynnchurch’s talent and resources to help the team grow portfolio value.”
This is the latest appointment in Wynnchurch's Operating Partner Program, a successful element of Wynnchurch's highly operational approach to investing. Wynnchurch's Operating Partners are generally 20+ year industry executives with deep industry and operating expertise. New Operating Partners are divided among industry verticals and are partnered with Wynnchurch professionals focused on new investment sourcing, due diligence, and portfolio company value creation.
Wynnchurch is actively investing from its $1.2 billion Fund IV. In December 2016, Wynnchurch acquired Rosboro Company LLC, a leading integrated forest products company. Other recent Wynnchurch investments include Texas Hydraulics (divestiture from Dover Corp. (NYSE:DOV)), Latham International, Carson Air Ltd., Gypsum Technologies Inc., and Champion Iron (TSX:CIA).
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About Wynnchurch Capital:
Wynnchurch Capital, LLC., headquartered in the Chicago suburb of Rosemont, Illinois with offices in California and 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 Canada and the United States that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with over $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. For more information, please visit: www.wynnchurch.com.