Wynnchurch Capital acquires Astro Shapes to expand aluminum manufacturing footprint
Wynnchurch Capital, L.P., a leading middle-market private equity firm, has announced its acquisition of Astro Shapes, LLC, a premier manufacturer of custom aluminum extrusions based in Struthers, Ohio. The transaction, completed in partnership with Astro Shapes’ management team, further underscores Wynnchurch’s strategy of investing in companies with significant growth potential across the industrial and manufacturing sectors.
The acquisition marks a new chapter for Astro Shapes, which has served as a cornerstone of the aluminum extrusion industry since its founding in 1971. Specializing in customized extrusions for the building products, recreational vehicle, and industrial markets, Astro Shapes operates three advanced facilities across the Midwest and Northeast United States.
How will Wynnchurch’s acquisition impact Astro Shapes’ future?
With over 50 years of operational excellence, Astro Shapes has carved out a reputation for its industry-leading quality, service, and efficiency. The company’s state-of-the-art extrusion presses are capable of producing over 14,000 unique shapes and sizes, offering various finishes, including painted, thermal, and anodized coatings. This expertise positions Astro Shapes as a key player in the broader industrial market.
Steve DeVoe, CEO of Astro Shapes, expressed optimism about the partnership, stating, “Astro Shapes has built a strong reputation for delivering high-quality service and value-added solutions to its customers. With Wynnchurch Capital’s support, we look forward to accelerating our growth trajectory and enhancing our offerings to meet the evolving needs of our customers.”
The acquisition provides Astro Shapes with access to Wynnchurch’s substantial resources and manufacturing expertise. Wynnchurch Capital, founded in 1999 and headquartered in Rosemont, Illinois, manages $9.2 billion in regulatory assets across its private equity funds. The firm is recognized for its investments in companies with strong potential for growth, focusing on recapitalizations, growth capital, and corporate carve-outs.
Why did Wynnchurch Capital target Astro Shapes?
Greg Gleason, Managing Partner at Wynnchurch Capital, emphasized Astro Shapes’ strategic value, highlighting its advanced manufacturing capabilities and longstanding market leadership. “Astro Shapes has an exceptional value proposition, with unique services and technological expertise that set it apart in the aluminum extrusion industry. We are excited to partner with Steve and his team to build on their impressive track record,” Gleason said.
For Wynnchurch, Astro Shapes represents more than a financial investment; it is a strategic move to strengthen its presence in the materials and manufacturing sectors. Wynnchurch has recently expanded its industrial portfolio through acquisitions such as ORS Nasco, Hydraulic Technologies, Principal Industries, and Reagent. Each of these investments reflects the firm’s commitment to partnering with companies that deliver innovative solutions to their markets.
Carl Howe, Managing Director at Wynnchurch, noted the company’s strong positioning in its core markets. “Astro Shapes has purpose-built manufacturing equipment and highly automated production processes that enable it to serve its customers efficiently. The company is well-positioned for growth, and we’re thrilled to work with the management team to realize that potential,” Howe stated.
What does this acquisition mean for the aluminum extrusion industry?
The partnership between Wynnchurch Capital and Astro Shapes comes at a pivotal time for the aluminum industry. Aluminum extrusions are increasingly in demand across key sectors, including residential and commercial construction, recreational vehicles, and general industrial applications. As manufacturers prioritize lightweight, durable, and recyclable materials, aluminum has become an essential component in modern production processes.
Astro Shapes’ facilities, equipped with cutting-edge technology, are poised to meet this growing demand. The company’s ability to produce complex, custom shapes allows it to cater to diverse end markets, enhancing its competitive advantage. Wynnchurch’s resources and expertise are expected to further expand Astro Shapes’ market reach while optimizing its operational efficiencies.
Astro Shapes’ legacy and growth trajectory
Under the leadership of Monomoy Capital Partners, which acquired Astro Shapes in 2021, the company strengthened its position in the aluminum extrusion market. This foundation sets the stage for Wynnchurch Capital to take Astro Shapes to the next level. By leveraging Wynnchurch’s network, operational know-how, and financial backing, Astro Shapes is well-positioned to scale its operations and enhance its service offerings.
The acquisition also underscores Wynnchurch’s broader investment philosophy: identifying businesses with strong foundations and significant growth potential. Wynnchurch’s proven track record of partnering with companies to unlock value and drive transformation is expected to propel Astro Shapes into its next phase of success.
What’s next for Wynnchurch Capital?
Wynnchurch Capital’s acquisition of Astro Shapes reinforces its strategy of targeting companies in essential industries with scalable business models. With a diversified portfolio that spans sectors such as manufacturing, industrial distribution, and engineering, Wynnchurch continues to solidify its position as a leader in middle-market private equity.
Goldman Sachs & Co. LLC served as the financial advisor for the transaction, while Paul Hastings LLP provided legal counsel to Wynnchurch Capital.
A strategic partnership poised for success
The acquisition of Astro Shapes by Wynnchurch Capital is more than a business transaction—it is a strategic alignment that promises to deliver long-term value. With its advanced manufacturing capabilities, deep market expertise, and commitment to quality, Astro Shapes is poised to thrive under Wynnchurch’s ownership. As demand for aluminum extrusions continues to grow, this partnership stands to make a significant impact on the industry.
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