The Owen Family of Companies (“Owen”), a leading specialty equipment platform providing critical infrastructure and environmental solutions to municipal, utility, and commercial customers throughout the United States and a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the acquisition of J&R Equipment, LLC (“J&R Equipment” or the “Company”).
Headquartered in Oklahoma City, Oklahoma, J&R Equipment is a leading distributor of environmental and refuse equipment serving the Oklahoma and Arkansas markets.
John Gerber, CEO of Owen, said, “We are thrilled to bring J&R Equipment into the Owen family. J&R Equipment has a strong reputation for best-in-class customer service and market leadership in Oklahoma and Arkansas. This partnership will enable Owen to expand our footprint and better serve our growing customer base.”
Brian Riordan, Managing Director at Wynnchurch, said, “J&R Equipment represents an opportunity to continue to expand Owen’s presence in critical municipal and infrastructure equipment. We have been impressed with the entire team at J&R Equipment and are excited to partner with them to make significant investments to drive growth.”
Foley & Lardner LLP acted as legal advisor to Owen and Wynnchurch.
About Owen:
Founded in 1958 and headquartered in Vancouver, Washington, Owen is a leading provider of critical infrastructure equipment, environmental equipment, aftermarket parts, and services including street sweepers, sewer cleaners, hydro excavators, specialty drilling equipment, refuse collection, and vegetation management equipment. Through their 12 locations, Owen provides new and pre-owned equipment and maintenance services, and maintains a large fleet of rental equipment used for sewer maintenance, hydro/vacuum excavation, street cleaning, specialty drilling, refuse collection, and vegetation management applications. The company sells through four business segments: Owen Equipment, Cal-Line Equipment, Blaze Equipment and Reliance Truck and Equipment.
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 $9.2 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: www.wynnchurch.com or follow us on LinkedIn.
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Contacts
For new investment opportunities, please contact:
Mike Teplitsky
Partner
mteplitsky@wynnchurch.com
Scott Fitch
Partner
sfitch@wynnchurch.com
