BB&T Capital Markets Serves as Exclusive Financial Advisor to Boss Industries, LLC in its Sale to Wynnchurch Capital
On January 31, 2019, Boss Industries, LLC (“Boss”), a portfolio company of Strait Lane Capital Partners, was acquired by Wynnchurch Capital. BB&T Capital Markets served as the exclusive financial advisor to Boss.
About the Companies
Boss Industries, LLC, headquartered in LaPorte, Indiana, is a leading supplier of highly-engineered, vehicle-mounted air compression and generator systems that power mission-critical tools & equipment for a variety of end markets. The Company is known for its premium product offering and expertise in rotary screw compression, supported by a dedicated, in-house engineering team. Since its founding in 1988, Boss has developed longstanding relationships with specialty vehicle OEMs, oil & gas distributors, and truck upfitters in North America.
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and 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 that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.
Strait Lane Capital Partners, LLC (SLCP), based in Dallas, Texas, is a privately held investment firm focused on middle-market businesses. SLCP brings strategic insights and expertise including effective governance, operational excellence, vertical market depth, and extensive private and public client relationships.
BB&T Capital Markets is the leading investment bank to the automotive aftermarket. We provide unparalleled industry expertise and transaction execution throughout the entire aftermarket channel - from suppliers and distributors to retailers and professional installers - in every segment of the $300 billion industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.