Wynnchurch has sold Senco to Kyocera
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it represented Wynnchurch Capital (“Wynnchurch”) in the sale of Senco Brands, Inc. (“Senco” or the “Company”) to Kyocera Corporation (NYSE: KYO). Terms of the transaction were not disclosed.
Founded in 1948 and headquartered in Cincinnati, Ohio, Senco is a designer, manufacturer and distributor of fasteners and tools for the powered fastening industry. The Company’s products include branded fastening tools and collated staples, nails and screws which are available in more than 40 countries. Senco is a market leader in wood-to-wood, drywall, steel and concrete applications. The Company operates a domestic manufacturing facility in Cincinnati and also has a significant international presence in Europe. Wynnchurch acquired Senco in July of 2009.
This transaction represents another important deal for Lincoln’s highly active Building and Infrastructure Group, which has now closed 25 merger and acquisition transactions globally since the beginning of 2015. “We were honored to work with Wynnchurch and Senco management on this successful transaction,” said Jeff Corum, Head of the Building and Infrastructure Group at Lincoln. “Senco is a leader in the powered fastening industry run by a highly successful and experienced management team. This was a classic Wynnchurch investment in a company with an iconic brand that was impacted by the construction downturn, but has now returned to very strong performance under their ownership.”
Lincoln acted as the exclusive investment banking representative for Wynnchurch and Senco in this transaction, working closely with the Company’s management team throughout the sale process. This included managing the preparatory, marketing and diligence phases of the process. “Lincoln was a valued partner throughout the transaction,” said Frank Hayes, Co-Managing Partner of Wynnchurch. “Their extensive experience in the building products industry proved invaluable as they managed a disciplined process that produced a great outcome.”
Senco is a leading designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. With tools, fasteners and accessories for use in a variety of professional fastening segments — home construction/remodeling, furniture, manufactured housing, pallets/crating — Senco products are available through professional distribution outlets in more than 40 countries. For more information, please visit www.senco.com.
About Wynnchurch Capital
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 mid-market private equity investment firm. Wynnchurch’s strategy is to partner with mid-market companies in the U.S. 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. For more information, please visit www.wynnchurch.com.
Meet Our Professionals
My goal is to inspire and motivate our people to make a true impact with their clients, their colleagues and their communities.
Managing Director | CEO North AmericaChicago
View More Transactions
Lincoln International is pleased to announce that the Keystone Capital has sold The Greeley Company to The Chartis Group, a portfolio company of Audax Private Equity
Lincoln is pleased to announce that it has advised Horizon Capital on its investment in Sapphire Systems
Lincoln is pleased to have advised UK-based Icon Aerospace Technology on its sale to US-based Integrated Polymer Solutions, a portfolio company of Arcline Investment Management
Lincoln is pleased to announce that 901D Holdings, LLC, a Graycliff Partners LP platform company, has been sold to Curtiss-Wright Corporation