ORS Nasco Acquires Techniweld USA
ROSEMONT, Ill.--(BUSINESS WIRE)--ORS Nasco ('ORS'), North America's largest pure wholesaler of industrial MRO supplies, and a portfolio company of Wynnchurch Capital, L.P. ('Wynnchurch'), announces the acquisition of Techniweld USA ('Techniweld' or the "Company").
Headquartered in Atlanta, Georgia, Techniweld is a wholesaler of welding, safety, and industrial supplies. Techniweld services both national and small independent welding, safety, and industrial distributors and supplies a broad spectrum of products, including filler metals, welding wire, helmets, cables, gloves, and other welding / safety products.
'We are excited to grow our presence in the welding market with the acquisition of Techniweld. The Company's commitment to its customers, breadth of product offering, and strong reputation make it an excellent addition to the ORS portfolio,' said Kevin Short, CEO of ORS Nasco.
Foley & Lardner LLP acted as legal advisor to Wynnchurch.
About Techniweld USA:
Techniweld is a wholesaler of welding, safety, and industrial supplies. Techniweld services both national and small independent welding, safety, and industrial distributors and supplies a broad spectrum of products, including filler metals, welding wire, helmets, cables, gloves, and other welding / safety products. For more information, please visit: www.twusa.com.
About ORS Nasco:
ORS Nasco is a leading wholesaler of industrial MRO products serving customers across the U.S., Canada and the Middle East with ~190k SKUs sourced from over 250 OEMs. The Company operates across 13 distribution locations and services distributors focused on industrial end markets. For more information, please visit: www.orsnasco.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in 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 manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America's largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools. For more information, please visit: http://www.wynnchurch.com or follow us on LinkedIn.
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