Wynnchurch Capital Acquires Pro-Fab Inc.
August 23rd, 2010
July 2010
Wynnchurch Capital Acquires Pro-Fab Inc.
July 22nd, 2010
Chicago, IL and Vallée-Jonction, Quebec – Wynnchurch Capital Ltd., a Chicago based private-equity firm with offices in Toronto and Detroit, announced today that is has partnered with management to acquire Pro Fab Inc. (“Pro-Fab”). Based in Vallée-Jonction, Quebec, Pro-Fab is a leading manufacturer and distributor of high-quality modular homes in eastern Canada and the northeastern United States. Pro-Fab has built a strong reputation and brand over the past 20 years and believes it maintains the leading market share in the modular home market in Quebec. Wynnchurch will work with Pro-Fab’s management team and its employees to continue to build upon the Company’s impressive track record by expanding on Pro-Fab’s unique fully-integrated business model, including a continued focus on unparalleled quality and customer satisfaction
Pro-Fab has a dynamic management team led by its CEO, André Turcotte, who has grown the business aggressively, while working with his employees to implement lean manufacturing practices and ensure a commitment to superior quality and customer satisfaction. Pro-Fab’s senior management team has invested with Wynnchurch Capital and will have significant equity ownership in Pro-Fab. “We are proud to partner with Wynnchurch and look forward to working as a team to become the customers’ choice in modular home builders in Canada,” said André Turcotte
Morty White, Managing Director of Wynnchurch’s Toronto office, stated, “We are excited to work with André and his team in partnering to grow Pro-Fab. This represents an attractive opportunity to invest in a market leader with an innovative business model and create a strong platform for a national, fully integrated manufacturer of high-quality modular homes.”
About Pro-Fab Inc.: Based in Vallée-Jonction, Quebec, Pro-Fab is a leading manufacturer and distributor of high-quality modular homes in eastern Canada and the northeastern United States. The Company has built a strong reputation and brand over the last 20 years and believes it maintains the leading market share in the modular home market in Quebec. Pro-Fab offers over 200 models with average home sizes between 1,300 and 1,700 sq. ft. The Company has a “direct distribution” model, selling directly to customers through its sales sites. Pro-Fab has strong brand recognition for superior quality and service. It has won the Consumers’ Choice Award for the last four years (currently a finalist for 2010) and consistently surveys customers to ensure the highest quality and strong ongoing relationships.
About Wynnchurch Capital: Located in the Chicago suburb of Rosemont, Illinois and founded in 1999, Wynnchurch Capital 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 Capital manages a number of private equity funds with capital under management in excess of $800 million specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information on Wynnchurch Capital can be found at: www.wynnchurch.com