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Regions Business Capital Provides Financing in Wynnchurch Capital Acquisition

Date: Aug 15, 2013 @ 07:05 AM
Filed Under: Manufacturing

Wynnchurch Capital, a Chicago-based private equity firm, announced the acquisition of Imperial Group, L.P. from Accuride Corporation, in partnership with BMO Mezzanine Fund and a management team led by Chief Executive Officer Terry Wogan. Imperial is a leading metal fabricator supplying light and medium gauge fabricated metal components, precision metal stampings, and value-added assemblies serving premier heavy truck, bus, and industrial OEMs.

Senior debt financing for the transaction was provided by Regions Business Capital.

Imperial has operations in Portland, Tennessee, Decatur, Texas, Denton, Texas, Dublin, Virginia, and Chehalis, Washington. “Imperial has built an impressive franchise in the metal fabrication industry and is well positioned to take advantage of the anticipated recovery in its end markets. Our goal is to help transform the company into a world-class supplier and a value-added partner to our customers,” said Ian Kirson, Managing Director at Wynnchurch.

The Imperial investment follows Wynnchurch’s acquisition of Detroit Tool Metal Products, Co., which was completed in June 2013. The combined business forms one of the largest metal fabricators serving the heavy truck, bus, and off-highway markets in North America. Imperial and DTMP will operate as subsidiaries of Ironform Holdings Co. (“Ironform”). DTMP and Imperial will continue to do business using their respective brand names under the Ironform umbrella.

 Lindquist & Vennum LLP served as legal counsel to Wynnchurch.

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