Wynnchurch Capital, L.P., a middle market private equity firm which purchased Northern Wholesale Supply in January 2021, announced the sale of a majority interest in Rosboro Holdings, Inc. to One Equity Partners. Under terms of the transaction, Wynnchurch will continue to own a significant minority stake in Rosboro.
Rosboro is a manufacturer of engineered wood products including stock and custom glued laminated timber (“glulam”) and lumber used in residential and light commercial construction end markets. After Wynnchurch’s investment in December 2016, Rosboro separated from its captive timberlands, acquired Western Structures, scaled the business up significantly, built out its sales force to drive pull-through demand, and made investments to improve operations and grow its glulam product offerings.
Brian Crumbaugh, partner at Wynnchurch, said Rosboro represented an opportunity to invest in a company with a leading market position, differentiated product offering and long-standing customer relationships.
“We are proud of the management team’s accomplishments during our ownership period,” Crumbraugh said, “and are excited to continue our partnership with management during Rosboro’s next phase of growth.”
Chris O’Brien, Wynnchurch managing partner, said Rosboro is well-positioned to benefit from tailwinds within core end markets. Rich Babcock, Rosboro CEO, said Wynnchurch is a great partner.
“They have helped us drive continuous improvement across our operations and execute on multiple organic and inorganic growth initiatives,” Babcock said. “We are excited to partner with both OEP and Wynnchurch as we look to execute on our long-term growth initiatives.”
