Wynnchurch Capital – a leading middle-market private equity firm – announced that it has acquired Principal Industries along with Principal’s founders, Bryan and Blake Vincent, and the management team.
Based in San Angelo, Texas, Principal is a leading provider of LED components and engineered assemblies used in signage and brand imaging applications. And Principal offers a broad and diverse range of products for signage and architectural branding illumination, including LED modules, Stiks, linear & edge lighting, drivers and controls, power modules, and specialty assemblies.
Foley & Lardner served as legal advisor to Wynnchurch.
KEY QUOTES:
“Our long-standing relationships with our customers, suppliers, and go-to-market partners has allowed us to execute transformative product developments and acquisitions. Wynnchurch understands our value proposition, and we are excited to partner with them to continue executing on our core mission: Simplifying the lives of our customers.”
– Todd Fiske, CEO at Principal
“Principal’s market leadership position is underscored by its unique value proposition, comprehensive product offering, intense focus on distributor and end user success, and worldwide scale, allowing Principal to satisfy increasingly complex physical branding requirements. We are excited to partner with Todd and the rest of the Principal team to continue to drive growth across the enterprise.”
– Brian Crumbaugh, Partner at Wynnchurch
“Principal’s track record of innovation and dedication to being a solutions provider to its customers align with the core tenets of a Wynnchurch partnership. We are excited to have the opportunity to support the Company as it enters its next phase of growth.”
– Carl Howe, Managing Director at Wynnchurch
