Private equity firm Wynnchurch Capital has launched Wynnchurch Industries, a new platform company which has been established to invest in industrial materials companies.
The new platform will be led by Chairman & CEO, Grant H Beard, who previously served as CEO of Wolverine Advanced Materials, a subsidiary of Wolverine Automotive Holdings, a former Wynnchurch investment.
John Hatherly, President and Managing Partner of Wynnchurch, says: "It is our desire to create a vehicle to deploy capital into high quality materials companies. Grant has demonstrated his leadership skills and value creation abilities throughout his career. On behalf of the partners of Wynnchurch, it gives me great pleasure to announce his leadership of Wynnchurch Industries."
Grant started with Wynnchurch as a Chairman of Wolverine Automotive Holdings, Inc. in 2011. He later stepped into the CEO role in 2012 and recently led the company's successful sale to ITT Corporation (NYSE:ITT) for USD300 million. He possesses substantial operations and acquisition experience including leading a highly successful buy-and-build strategy that created TriMas Corporation (NASDAQ:TRS), a USD1 billion revenue diversified holding company. Formerly, he was the CEO of Constar International, TriMas Corporation, and Health Media. He has been an investor with Blue Point Capital, The Anderson Group, and The Oxford Group. Grant is an active member of the following boards: US Manufacturing, Advanced Energy Industries, TA Systems, and the Juvenile Diabetes Research Foundation. Grant holds an MA in International Economics from the University of Detroit and both a BS and MBA in Finance from Miami University.
Wynnchurch Industries will deploy a "buy, grow, and hold" strategy focused on material manufacturers that serve industrial markets. Target business traits include niche market leadership, proprietary competitive advantages, strong barriers to entry, stable core cash flows, and high margins. Wynnchurch Industries prefers privately negotiated transactions with businesses generating USD5-USD15 million in EBITDA.
Steve started his career at the international accounting and consulting firm, Deloitte, and graduated from Boston College with a degree in Accounting. He joins Revolution Growth effective 25 January.
