Wynnchurch sells majority stake in Rosboro

Wynnchurch Capital, L.P., a Chicago-based private equity firm, has sold a majority interest in Rosobro Holdings to One Equity Partners (OEP).

Headquartered in Springfield, Ore., Rosboro manufactures engineered wood products including stock and custom glued laminated timber (glulam) and lumber used in residential and light commercial construction end markets.

Under terms of the transaction, Wynnchurch will continue to own a significant minority stake in Rosboro.

Additional details regarding the transaction were not released. Wynnchurch first invested in Rosboro in 2016, allowing the building products manufacturer to expand and improve operations.

“Rosboro represented an opportunity to invest in a company with a leading market position, differentiated product offering and long-standing customer relationships,” said Brian Crumbaugh, partner at Wynnchurch. “ We are proud of the management team’s accomplishments during our ownership period and are excited to continue our partnership with management during Rosboro’s next phase of growth.”

“Wynnchurch has been a great partner and provided tremendous support during their ownership. They have helped us drive continuous improvement across our operations and execute on multiple organic and inorganic growth initiatives. We are excited to partner with both OEP and Wynnchurch as we look to execute on our long-term growth initiatives,” said Rich Babcock, CEO of Rosboro.

Houlihan Lokey Capital, Inc. and Perkins Coie LLP served as financial advisor and legal counsel, respectively, to Rosboro and Wynnchurch.

OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt.