Wynnchurch Capital Invests in Owen Family of Companies
Rosemont, IL – November 15, 2021 – Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has partnered with management to invest in Owen Family of Companies (“Owen” or the “Company”). Founded in 1958 and headquartered in Vancouver, Washington, Owen is a leading provider of critical infrastructure equipment, aftermarket parts and services including street sweepers, sewer cleaners, hydro excavators, specialty drilling equipment, and vegetation management equipment.
“The entire Owen team is thrilled to partner with Wynnchurch to accelerate growth through continued investment in our team, capabilities, and product offering,” said Earl Rose, CEO of Owen. Earl added, “We have built strong relationships with our customers by offering premium equipment, technical expertise and unparalleled service. Wynnchurch shares our goal of helping customers safely and reliably operate, maintain and repair critical water, wastewater, utility and other infrastructure.”
Greg Gleason, Managing Partner at Wynnchurch, said, “We’re excited to partner with Earl and his team to continue their track record of success and build a market leading specialty equipment provider for essential municipal, utility and infrastructure applications.” Brian Riordan, Principal at Wynnchurch, commented, “Owen has a strong position in the market with its broad portfolio of specialized equipment and unique service and technological capabilities.” JD Frank, Vice President at Wynnchurch, added, “We look forward to working with the team to grow the core business and expand into new geographies and products.”
Wynnchurch is actively seeking investment opportunities for its $2.277 billion Fund V. In July, Wynnchurch acquired Trimlite, a leading manufacturer and distributor of residential doors and related door products. Other recent Wynnchurch investments include: Northern Wholesale Supply, a leading provider of RV and marine parts and accessories; The Wheel Group, a leading designer and distributor of branded aftermarket wheels, specialty tires, and related accessories; and Labrie Environmental Group, a leading manufacturer of refuse collection vehicles across North America.
About Owen Family of Companies:
Based in Vancouver, Washington, Owen is a leading specialty equipment platform providing critical infrastructure solutions to municipal, utility, and commercial customers throughout the United States. Owen serves as a distributor of new and pre-owned equipment, provides related parts and maintenance services and maintains a large fleet of rental equipment used for sewer maintenance, hydro/vacuum excavation, street cleaning, specialty drilling and vegetation management applications. The company sells through three business segments: Owen Equipment, Cal-Line Equipment and Blaze Equipment. For more information, please visit: https://owenequipment.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and an affiliate in 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 the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.
For more information please contact
Greg B. Gleason
Scott S. Fitch
Brian R. Riordan