July 10, 2013
Wynnchurch Capital, a Chicago-based private equity firm with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, has announced the first in a series of planned investments in the metal fabrication market with the acquisition of Detroit Tool Metal Products Co., in partnership with a management team led by CEO Terry Wogan.
Wynnchurch reports that it is backing Wogan's team — COO and CFO Dani Goldsmith, Vice President of Sales Marty Kozarec, and Vice President of Engineering Don Miller — to build one of the largest Tier 1 fabrication businesses in North America.
Detroit Tool Metal Products Co. serves the heavy truck, agriculture, and construction sectors from its Lebanon, Mo., location. Its process capabilities span medium to heavy fabrication, as well as stamping.