Wynnchurch Capital (Wynnchurch) has acquired Pennsylvania Machine Works, (Penn Machine), a fully integrated manufacturer of high pressure forged fittings and branch connections. Founded in 1931 and headquartered in Aston, Pennsylvania, Penn Machine has built a strong reputation for providing its customers with unmatched lead-times, high quality products in a diverse variety of material grades and excellent service.
“We are committed to providing our customers with a one-stop solution for all their forged fittings and branch connection needs, and are excited to partner with Wynnchurch as we continue that mission,” says Joe Pro, President of Penn Machine. “Wynnchurch understands the importance of meeting the needs of our customers which is constantly evolving. Wynnchurch is the right partner to enable Penn Machine to reach the next level of growth.”
Chris O’Brien, Managing Partner, adds: “Wynnchurch was recently recognised as one of the Top-50 Founder Friendly Private Equity Firms by Inc. Magazine and we are excited to build on that reputation with our investment in Penn Machine.”
Greg Gleason, Managing Director at Wynnchurch, says: “Penn Machine has built a strong reputation for providing customers with industry-leading service levels across a broad offering of fittings and branch connections. We are excited to partner with Joe and his team to continue the Company’s impressive track record.”
Paul Ciolino, Operating Partner at Wynnchurch, adds: “We believe that the Company’s capabilities and reputation, combined with Wynnchurch’s experience, position Penn Machine for continued growth and success within its attractive end markets.”
Wynnchurch Capital is actively seeking investment opportunities for its USD2.277 billion Fund V. In November, Wynnchurch acquired Clyde Industries, a leading designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers. Other recent Wynnchurch investments include: Eastern Metal Supply, a leading value-added distributor of aluminium extrusions and related products; MPL Holdings, a leader in cultured marble products for the hospitality and multi-family housing markets; two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs; and Alliance Designer Products, Inc, a leading manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects.