Regions Provides Debt Financing for Wynnchurch Acquisition
Private equity firm Wynnchurch Capital announced the acquisition of Imperial Group from Accuride Corporation, in partnership with BMO Mezzanine Fund and a management team led by CEO Terry Wogan.
Wynnchurch said senior debt financing for the transaction was provided by Regions Business Capital. Lindquist & Vennum served as legal counsel to Wynnchurch.
Denton, TX-based Imperial Group is a full-service manufacturer of precision metal stampings, fabricated components and value-added assemblies for the heavy truck, bus, and industrial end-markets.
“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, 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. DTMP and Imperial will continue to do business using their respective brand names under the Ironform umbrella.