Tue, 15/01/2013 - 16:09
Middle-market private equity firm Wynnchurch Capital has sold 4Front Engineered Solutions to Assa Abloy.
Headquartered in Carrollton, Texas, 4Front is a manufacturer of loading dock equipment.
4Front’s products consist of mechanical, air-powered and hydraulic dock levellers, seals and shelters, trailer safety restraints, energy efficient HVLS fans, specialty dock doors, material handling lifts, and aftermarket parts and accessories. 4Front's premier brands include Kelley, LoadHog, Serco, TKO and APS Resource.
Wynnchurch partnered with company management in October 2006 to purchase the business in a corporate carve-out from SPX Corporation. 4Front was an underperforming business when Wynnchurch purchased it in 2006. In partnership with Keith Moore, chief executive of 4Front, and management, Wynnchurch devised an improvement plan which included growth and cost reduction initiatives.
John Hatherly (pictured), president of Wynnchurch, says: “We are very satisfied with the successful sale of 4Front to Assa Abloy, where we trust the company will continue its history of profitable growth under the leadership of Keith Moore and his team.”
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