Wynnchurch Capital, LLC, the private equity firm that acquired Anderson Metals and Midland Metal Mfg. in the past year, has completed the acquisition of Buchanan Rubber Ltd., a Toronto-based distributor of industrial hoses, couplings, and sheet rubber. The company distributes products to a variety of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food and beverage, and general industrial.
Buchanan will be part of a growing distribution platform that includes Anderson Metals LLC and Midland Metal Mfg. The platform is a North American distributor of valves, fittings, hoses, couplings, and related products to a variety of end-markets. Wynnchurch acquired Anderson Metals in January 2018 and just acquired Midland Metal in November and merged these two companies together.
According to Vince Hodes, CEO, “We are excited to leverage decades of industry expertise, product know-how and management talent to create a leading distribution platform. With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water, and infrastructure sectors. In addition, we can now offer our customers new products with a full line of hose and couplings as we continue to enhance our value proposition and execute on our growth strategy.”
According to Jahan Roohi, co-owner of Buchanan, “We’re excited about this new partnership with Wynnchurch and management and the tools and resources they bring to significantly grow our business as we take it to the next level.” Dave Merrick, co-owner of Buchanan, added, “This combination is not only a strong strategic fit with complementary products, geographies, and end-markets, but also an excellent cultural fit with our shared dedication to customer service and our employees. This is an exciting time for our business.”