ROSEMONT, Ill.—Private equity firm Wynnchurch Capital L.L.C. has purchased Toronto-based Buchanan Rubber Ltd. to be part of its distribution platform.
Rosemont-based Wynnchurch said Buchanan will support the growing distribution part of its business that includes Anderson Metals L.L.C. and Midland Metal Manufacturing
Terms of the deal were not disclosed.
Buchanan was founded in 1986 and distributes industrial hose, couplings and sheet rubber, with approximately 8,000 stock-keeping units. It distributes products to a variety of end markets, including petrochemical/energy, construction, mining, water handling/agriculture, food and beverage, and general industrial.
"With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water and infrastructure sectors," Wynnchurch CEO Vince Hodes said in a statement.
Dave Merrick, co-owner of Buchanan, said the combination is "not only a strong strategic fit with complementary products, geographies and end markets, but also an excellent cultural fit with our shared dedication to customer service and our employees,"
Jahan Roohl, the other co-owner of Buchanan, said Wynnchurch gives Buchanan the resources to help it significantly grow its business.
With Buchanan, Wynnchurch said the platform will be a leading North American distributor of valves, fittings, hoses, couplings and related products, serving a variety of end markets.