Through the hard work of our employees, and the commitment of our customers and suppliers, we have successfully managed the business through the sale process,” said Jeff Daniel, CEO of Burtek. “With the implementation of several strategic initiatives, combined with the support of Wynnchurch, we are emerging from the sale stronger and healthier than ever, and we are very optimistic about what the future holds.”

Terry Theodore, a Partner of Wynnchurch, added, “We are confident in the management team’s ability to grow the business and thrilled to support job growth in Michigan with this transaction. We believe Burtek is exceptionally well-positioned to serve its customers, and we are excited about the opportunities that lie ahead for the company. We look forward to supporting Burtek now that it has emerged from receivership, and we are eager to invest in the future growth of the business.”

Guy Boitos, a Principal at Stone River Capital Partners commented, “The management and employees of Burtek have demonstrated an excellent track record in sales growth, product quality, and product innovation.  We look forward to working with the team to expand the scope of Burtek products and services while continuing to provide exceptional customer service.”

About Burtek Enterprises, Inc.: Based in Chesterfield, MI, Burtek is a leading North American designer, manufacturer, tester and integrator of systems for mobile military ground vehicles and other systems. Since 1987, Burtek has been dedicated to supplying the defense industry with innovative mission critical systems.   More information about Burtek can be found at: www.burtekenterprises.com.

About Wynnchurch Capital, Ltd.: Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at: www.wynnchurch.com.

About Stone River Capital Partners: Stone River Capital Partners is a private investment firm based in Birmingham, Michigan that focuses on acquisitions of privately owned, high quality businesses. We customize transactions to meet the goals of all parties, and we pride ourselves on being supportive partners to management teams. With extensive backgrounds in management, finance and operations, SRCP seeks to combine our skills with our partner companies to help facilitate their growth. More information about Stone River Capital Partners can be found at: www.stonerivercap.com.

NSC was co-founded by current CEO Malcolm Leggett more than twenty years ago.  Mr. Leggett built the business around delivering the highest quality product and unmatched customer service, ensuring that NSC customers receive an uninterrupted supply of the essential road safety product that the Company supplies.  Frank Hayes, a Partner at Wynnchurch stated, “We are excited to partner with such an excellent management team that shares many of Wynnchurch’s core principles.  Malcolm and his team have done a terrific job building a unique customer-centric business and we look forward to partnering with them to support an expanded growth strategy.” 

“It was evident from the first meeting with Wynnchurch that they had done their homework and understood our business.  We run our company by focusing on continuous improvement, emphasizing customer service in everything that we do, creating a mutually beneficial relationship with our suppliers, and developing our employees.  We are excited to partner with a firm that shares these values,” said Malcolm Leggett. 

Chris O’Brien, a Managing Director at Wynnchurch added, “NSC provides a market-leading, critical safety service to residents throughout Canada and the U.S.  We look forward to building upon NSC’s success and helping them to expand their product offering and market reach.” 

Morty White, a Managing Director in Wynnchurch’s Toronto office commented, “Canada is an important and very attractive market for Wynnchurch.  We are excited to add another investment to our Canadian holdings.” 

Senior debt financing for the transaction was provided by Canadian Imperial Bank of Commerce as Co-Lead Arranger, Joint Bookrunner, Fronting Agent and Administrative Agent and National Bank of Canada as Co-Lead Arranger, Joint Bookrunner and Syndication Agent.  The Manufacturers Life Insurance Company provided mezzanine debt for the transaction.  Blake, Cassels & Graydon LLP acted as legal counsel to Wynnchurch. 

About NSC Minerals Ltd.: Based in Saskatoon, Saskatchewan, NSC is a leading provider of salt products to western Canada and the northern U.S.  NSC produces and distributes bulk and packaged rock salt for highway de-icing, industrial, agricultural, and other markets.  More information on NSC can be found at: www.nscminerals.com.

About Wynnchurch Capital, Ltd.: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit and Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics and value-added distribution.  Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at: www.wynnchurch.com.

Prior to the acquisition by Wynnchurch, Fabco was a subsidiary of Accuride Corporation (NYSE:  ACW). Al Sunderland, President of Fabco, has grown the business while working with his employees to implement lean manufacturing practices and ensure a commitment to superior quality and customer satisfaction. “With the support of Wynnchurch, Fabco is well positioned to pursue strategic growth opportunities. Our management team is looking forward to the partnership with Wynnchurch and to what the future holds,” said Mr. Sunderland.

Terry Theodore, a Partner of Wynnchurch, stated “We believe Fabco is an exceptional supplier of medium and heavy duty, all-wheel drive components to the severe-duty vehicle industry and we look forward to working with Al Sunderland and his team to implement a growth strategy that will provide comprehensive and responsive solutions for Fabco’s customers.”

About Fabco Automotive Corporation: Based in Livermore, CA, Fabco is a North American supplier of highly engineered, specialty gearbox, axle and transfer case products for vehicles used in severe service applications. Since 1918, Fabco has been dedicated to the commercial vehicle industry, and its products are based on decades of severe service experience.   More information about Fabco can be found at:  www.fabcoautomotive.com.

About Wynnchurch Capital, Ltd.: Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at: www.wynnchurch.com.

About Stone River Capital Partners:   Stone River Capital Partners (“SRCP”) is an advisory and private investment firm based in Birmingham, Michigan that focuses on acquisitions of middle-market businesses. SRCP customizes transactions to meet the goals of all parties, and prides itself on being supportive partners to management teams. With extensive backgrounds in management, finance and operations, SRCP seeks to combine its skills with its partner companies to help facilitate their growth.  More information about Stone River Capital Partners can be found at: www.stonerivercap.com.

A 35-year industry veteran, Mr. McConnaughey is an accomplished leader with significant global management and acquisition experience driving market share, revenue and profit growth in companies ranging from $250 million to $1.3 billion in revenue. Dave’s professional experience includes senior positions with Maytag Corporation, Borg Warner Corporation, Ford New Holland Americas, and DENSO International America. He began his career at Johnson & Johnson Corporation. Dave holds an MBA from the Kellogg School of Management at Northwestern University.

Wynnchurch has partnered with Mr. McConnaughey to identify a $75 to $500 million revenue company in the Chicagoland area which Dave will subsequently acquire with Wynnchurch’s financial backing. “We are excited to team up with Dave,” said John Hatherly, President and Managing Partner of Wynnchurch Capital. “His experience in running large global corporate divisions is a perfect addition to our team. Dave’s execution-oriented skill set will allow for him to help Wynnchurch create value through business transformations.”

The newly formed Wynnchurch Capital Operating Partner Program was created in 2011 as a formal way for Wynnchurch to partner with its extensive network of senior industry executives based in the United States and Canada. Operating Partners are generally 20+ year industry executives with deep operating experience. New Operating Partners are divided among industry verticals and are partnered with Wynnchurch professionals. General industries of interest include industrial manufacturing and services, automotive, building products, chemicals, aerospace and defense, distribution, transportation and logistics, energy services and packaging.

“Wynnchurch has a strong industrial focus and Dave’s addition to the new Operating Partner Program underscores our commitment to partnering with proven leaders to generate superior returns in our target industries,” said Michael Teplitsky, a Wynnchurch Vice President. “Operating Partners are especially adept in working with divisional spin-offs from public corporations and underperforming companies. These executives have a proven track record of working through diverse issues including strategic and operational challenges.”

About Wynnchurch Capital: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information on Wynnchurch Capital can be found at: www.wynnchurch.com.

Since its inception in 1999, Wynnchurch has been committed to investing in Texas, where two of its current portfolio companies have significant operations.  4Front Engineered Solutions of Carrolton, Texas is a leading manufacturer of loading dock equipment and Highway Technologies, with six branches in Texas, provides traffic safety services and equipment to the road repair, construction, and maintenance industries.  Wynnchurch’s new Dallas office further underscores its commitment to supporting the growth of Texas-based businesses through private equity investments.

Before joining Wynnchurch, Dominic was a private equity professional at Greenbriar Equity Group and Wind Point Partners.  He also founded The Black Bear Group, where he sourced transactions for private equity firms and provided interim management for middle market companies.  He began his career in the Corporate Finance and Strategy Practice of McKinsey & Company.  Dominic holds a BA in Economics from Dartmouth College, and an MBA from the Wharton School of the University of Pennsylvania.

Terry Theodore, Partner of Wynnchurch Capital commented, “We are thrilled to have Dominic join our team and strengthen our national presence with our Dallas office. His strong background originating unique transactions and working closely with management teams to build value will be invaluable to our growing firm.”

About Wynnchurch Capital: Wynnchurch Capital, headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, Dallas, Texas, and Toronto, Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at: www.wynnchurch.com.

Prior to the acquisition by Wynnchurch, Wolverine was a division of EP Management Corporation.  Wolverine has been led by Scott Koepke since 2006.   During his tenure, Mr. Koepke and his team have implemented lean manufacturing practices and continuous improvement initiatives, while realigning Wolverine’s product development activities and sales organization.  “We are excited to partner with Wynnchurch, a firm that shares our vision of growth and operational excellence,” said Scott Koepke.

Terry Theodore, Partner of Wynnchurch’s Detroit office stated, “Wolverine has a world-class, customer focused management team led by Scott Koepke, a wide global footprint and innovative product and process technology. We’re excited to participate in, and contribute to, Wolverine’s growth while continuing to aggressively serve its global customer base.” 

Senior debt financing for the transaction was provided by Bank of America Merrill Lynch as administrative agent and joint lead arranger, Fifth Third Bank as syndication agent and joint lead arranger, and Associated Bank.  Investment funds managed by the Liberty Harbor credit alternatives team within Goldman Sachs Asset Management, L.P. provided both the subordinated debt financing for the transaction and also invested equity capital alongside Wynnchurch.  Moelis & Company LLC served as Lead Placement Agent and Financial Advisor to Wynnchurch and Foley & Lardner LLP provided legal counsel. 

About Wolverine Advanced Materials, LLC: Based in Dearborn, Michigan, Wolverine is a leading manufacturer of highly engineered specialty materials used in sealing, automotive brake noise insulators, NVH and NSV products.  The Company has built its reputation for quality and innovation over the past 76 years.  In fact, Wolverine invented the brake noise insulator in 1971.  Wolverine creates value for its customers through excellence in materials formulation, proprietary technical expertise and leading testing capabilities.

About Wynnchurch Capital: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, and Toronto, Canada was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information on Wynnchurch Capital can be found at: www.wynnchurch.com.

John A. Hatherly, President and Managing Partner of Wynnchurch Capital, said, “Brian and Michael have played significant roles in helping Wynnchurch source and execute new deals and build value in our portfolio companies.”  Terry Theodore, Partner of Wynnchurch, added, “We are pleased to see their well deserved progression at Wynnchurch Capital.”

Brian Crumbaugh joined Wynnchurch Capital as a Senior Associate in 2010.  Prior to joining Wynnchurch, Brian was an investment professional at ShoreView Industries.  Previously, Brian worked in the investment banking department of Piper Jaffray.  Brian holds a BBA from the University of Wisconsin and an MBA from the Wharton School of the University of Pennsylvania.

Michael Teplitsky joined Wynnchurch Capital as a Senior Associate in 2008.  Prior to joining Wynnchurch, Michael was an investment professional at Lime Rock Partners.  Previously, Michael worked in the investment banking department of UBS. Michael holds a BA from Northwestern University and an MBA from the Kellogg School of Management at Northwestern University. 

About Wynnchurch Capital: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, and Toronto, Canada was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information on Wynnchurch Capital can be found at: www.wynnchurch.com.

With the closing of Fund III, Wynnchurch now manages $1.1 billion of capital.  Wynnchurch’s previous fund was raised in 2006 and had capital commitments of $350 million.  Wynnchurch’s inaugural fund was raised in 2000 and had capital commitments of $163 million.  

“We are appreciative of the trust and confidence that our investors have shown in our operationally focused private equity model serving the middle market,” said John Hatherly, Managing Partner of Wynnchurch Capital.  “Further, our hands-on approach has generated strong investment returns in both good economic times as well as more difficult ones,” added Hatherly.

Credit Suisse Securities (USA) LLC acted as exclusive placement agent for Fund III, and Kirkland & Ellis LLP provided legal advice. 

About Wynnchurch Capital: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, and Toronto, Canada was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which possess the potential for substantial growth and operational improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.

John A. Hatherly, President and Managing Partner of Wynnchurch, said, “Chris has been an integral part of the Wynnchurch team since our founding.  He has been an important contributor to our growth and success, demonstrating outstanding leadership skills as well as the ability to work effectively with our portfolio companies to drive value.”  Frank Hayes, Partner of Wynnchurch, added, “We are excited to announce Chris’ promotion and his progression to a larger leadership role within Wynnchurch.  He continues to represent the firm exceptionally well and will be important to our future success.”

Mr. O’Brien, who joined Wynnchurch in 2000, focuses on investment opportunities in general industrial manufacturing, distribution and service businesses, as well as distressed or troubled companies.  He serves on the Boards of several Wynnchurch portfolio companies, including SafeWorks, Webex, Pro-Fab, Humanetics and Wolverine.  He originally joined Wynnchurch in 2000 as an Associate and rejoined the firm in 2005 as a Vice President after earning his MBA from the University of Chicago Booth School of Business.  In addition, he earned his undergraduate degree from the University of Notre Dame and is a Chartered Financial Analyst (CFA).

About Wynnchurch Capital:

Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, and Toronto, Canada was founded in 1999 and is a leading middle-market private equity investment firm.  Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement.  Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.

Moelis & Company LLC acted as financial advisor to Wynnchurch and Foley & Lardner LLP acted as legal counsel on the transaction.

About Wynnchurch Capital:

Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Bloomfield Hills, Michigan, and Toronto, Canada was founded in 1999 and is a leading middle-market private equity investment firm.  Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement.  Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital.