Wynnchurch Capital (a leading middle market private equity firm) announced the sale of Houston-based LPW Group Holdings to funds managed by Oaktree Capital Management. LPW Group is a leading designer and manufacturer of specialty valves, actuators, fittings, flanges, and flow control products that serve mission-critical applications across chemical, petrochemical, LNG, refining, renewable, naval, pulp and paper, and other industrial markets.
And the company goes to market under leading brands like Ladish Valves, Penn Machine, and Western Forge & Flange. It has established itself as the industry leader for quick lead times, engineered solutions, comprehensive manufacturing capabilities, and sophisticated products.
Foley & Lardner LLP provided legal advice to Wynnchurch regarding the deal, and Piper Sandler and BMO served as financial advisors.
KEY QUOTES:
“LPW Group represented an opportunity to create an industry leading flow control platform with a strong legacy of brands, broad portfolio of high-quality, engineered products, and differentiated customer value proposition. It’s a great example of Wynnchurch’s ability to partner with founders and family-owned businesses and drive value creation through acquisitions and operational improvement. We are very proud and appreciative of the management team’s leadership and accomplishments during our ownership period.”
– Greg Gleason, Managing Partner at Wynnchurch
“During our partnership, LPW Group demonstrated strong growth across each segment and strengthened its position as a leader in its core applications and markets. We’re thrilled with the outcome and wish the LPW Group team and Oaktree our best.”
– Kevin Hanley, Principal at Wynnchurch
“We are grateful for Wynnchurch’s valuable partnership and substantial support during their ownership. Their assistance in driving business growth, promoting continuous improvement, and the successful identification and integration of acquisitions has been instrumental to our success.”
– Mark S. Bowie, CEO of LPW Group
