Wynnchurch Acquires Indiana Limestone
Wynnchurch Capital, a middle-market, private equity firm, has acquired the assets of Indiana Limestone Company, the largest dimensional limestone quarrier and fabricator in the United States. Wynnchurch acquired the assets out of bankruptcy.
Indiana Limestone is headquartered in Oolitic, IN, in the heart of the Indiana limestone belt.
“Our investment in Indiana Limestone allows Wynnchurch to further expand into the building products industry. Indiana Limestone in known for its superior quality stone. We anticipate developing and executing more aggressive and comprehensive sales and marketing strategies to better communicate its superiority to the marketplace,” says Wynnchurch Partner Terry Theodore.
“We believe the company’s superior products and established customer base leave Indiana Limestone well positioned for future growth as construction markets recover,” says Wynnchurch managing partner John Hatherly.
“We are pleased with the support Wynnchurch provided as our DIP lender throughout the bankruptcy process. Indiana Limestone will be able to leverage the expertise, resources and capital that Wynnchurch provides to deliver our products to the marketplace and drive growth,” says Indiana Limestone CEO Tom Quigley.
Located in the heart of one of the world’s richest limestone deposits, Indiana Limestone Company owns and operates quarries covering over 4,000 acres and holding reserves well in excess of 100 years supply in its eight main quarries.
The company is unmatched as the only fully integrated supplier of Indiana Limestone. From raw block and slab to standard building products, it is the leading supplier of The Nation’s Building Stone. Since its beginning in the mid-1800s, it has grown to be the largest limestone quarrier and fabricator in North America.