Austin, Texas, November 18, 2021 / PRNewswire-PRWeb / – CenterGate Capital (“CenterGate”), and Austin-based non-public fairness funding agency, is happy to announce the sale of its specialist environmental gear platform The Owen Household of Corporations (“Owen”) to Wynnchurch Capital LLC (“Wynnchurch”).
Based in 1958 and headquartered in Vancouver, WA, Owen offers vital infrastructure gear, elements and companies to the aftermarket together with road sweepers, sewer cleaners, hydraulic excavators, specialty drilling gear and vegetation administration gear. Since CenterGate partnered with administration in 2018, the corporate has seen transformative progress. Through the partnership, Owen expanded into new finish markets, areas and product choices, growing gross sales by greater than 70%.
Rely Rose, President of Owen, commented, “I’m extraordinarily happy with the efficiency of the Owen staff over the previous few years. Our success is a testomony to the standard and laborious work of our staff members, our relentless concentrate on including worth to our prospects . ” , and the help of CenterGate. Our exceptional progress throughout our partnership with CenterGate places Owen properly positioned for additional enlargement. “
Lewis positive climate, CenterGate Co-Founder and Managing Director, commented, “Owen’s progress story is a superb instance of CenterGate’s dedication to serving to enterprise homeowners and administration groups obtain mutual success. CenterGate’s staff understands the core progress and operational wants of small and medium-sized companies. In collaboration with administration, CenterGate has helped Owen develop from a regional supplier to a nationwide market chief with a first-class vary of apparatus and companies for vital infrastructures. CenterGate has valued its profitable partnership with the Owen administration staff and is happy about its continued success. “
Harris Williams & Co. acted as monetary advisor and McDermott, Will & Emery LLP acted as authorized advisor to Owen.
About Owen Tools
Based mostly in Vancouver, WA, Owen Tools Firm is a number one specialty gear platform offering vital infrastructure options for municipal, utility and industrial prospects in every single place The USA. Owen serves as a vendor of recent and used gear, offers associated elements and upkeep companies, and maintains a big fleet of rental gear used for sewer upkeep, water / vacuum excavation, road cleansing, specialty drilling and vegetation administration purposes. Extra info is accessible at http://www.owenequipment.com.
About CenterGate Capital
CenterGate Capital is a Austin, Texas based mostly non-public fairness agency targeted on partnering with decrease center class firms which have the potential to realize transformative progress by means of operational and strategic improvement. CenterGate brings a stability of economic and operational expertise in addition to strategic understanding to help administration in selling long-term sustainable progress. Extra info is accessible at http://www.centergatecapital.com.
Media contact
MEDIA INQUIRIES, CenterGate Capital, (512) 717-7100, data@centergatecapital.com
SOURCE CenterGate Capital
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