Daily News: October 29, 2012

Wynnchurch Invests in Loadmaster Derrick & Equipment

Wynnchurch Capital said it has partnered with management to make an equity investment in Loadmaster Derrick & Equipment, a provider of onshore and offshore drilling equipment.

Headquartered in Broussard, LA, Loadmaster has developed specialized expertise in the design and fabrication of derricks and related equipment, which it provides to a global customer base.

Tommy Welsh and Tommy Hebert, the owners of Loadmaster, co-invested in the transaction and will continue to lead the company.

“Our partnership with Wynnchurch will enable us to pursue attractive acquisition opportunities and further develop our growing product portfolio,” said Tommy Welsh, president of Loadmaster. “After considering several potential financial partners, Wynnchurch stood out due to its industry expertise and collaborative approach to strategy development.”