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Wynnchurch Capital Forms Infra Pipe Solutions

ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has
completed the acquisition of select assets of Uponor Infra Ltd.
("Uponor"). The new entity will be named Infra Pipe Solutions Ltd.
(“IPS” or the “Company”). IPS is the leading manufacturer of large
diameter, high density polyethylene (“HDPE”) pipe in Canada. The Company
sells pipe for use in water infrastructure, mining, industrial
processes, oil & gas distribution, and other applications.

Infra Pipe Solutions Ltd. marks Wynnchurch’s eleventh platform
investment in Canada and the second Canadian investment in 2018.

"We are excited to partner with Sandeep Dhillon, CEO of Infra Pipe
Solutions Ltd., the management team and all of the employees of the
company to continue the Company’s track record of superior safety,
quality, and customer service,” said Chris O’Brien, Managing Partner at
Wynnchurch. “Infra Pipe Solutions has an exceptionally bright future and
we look forward to supporting the Company’s plans for growth.”

“With the opportunities we have before us, this is a very exciting time
for the Company,” said Sandeep Dhillon, Chief Executive Officer at IPS.
“Wynnchurch has the resources and expertise to take our company into a
new phase of expansion as we continue to help our customers grow.”

“Infra Pipe Solutions has done an excellent job driving performance and
delivering outstanding solutions to its customers,” added Brian
Crumbaugh, Managing Director at Wynnchurch. “We believe that the
Company’s industry-leading product quality, availability, and service,
combined with Wynnchurch's experience, position IPS to be a strong
platform."

Wynnchurch Capital is actively investing from its $1.3 billion Fund IV.
In early August, Wynnchurch acquired Logistik Unicorp Inc., a worldwide
leader in managed clothing services and uniform solutions. Other recent
Wynnchurch investments include Critical Process Systems Group, a leading
provider of mission-critical engineered solutions for demanding
industries and applications; Team Car Care, the market leader in the
quick oil change segment of the “Do-It-For-Me” (“DIFM”) automotive
aftermarket; and Anderson Metals, a manufacturer of brass fittings,
valves, pipe nipples and related products, which are sold into the
plumbing, hardware and general industrial end-markets.

About Infra Pipe Solutions:

Infra Pipe Solutions Ltd., headquartered in Mississauga, Ontario with
additional manufacturing facilities in Saskatoon, Saskatchewan and
Huntsville, Ontario, is the leading manufacturer of large diameter, high
density polyethylene pipe in Canada.

About Wynnchurch Capital:

Wynnchurch Capital, LLC, headquartered in the Chicago suburb of
Rosemont, Illinois, with offices in California and 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 Capital manages a number of
private equity funds with $2.2 billion of committed capital under
management and specializes in recapitalizations, growth capital,
management buyouts, corporate carve-outs and restructurings. For more
information, please visit: www.wynnchurch.com.

Contacts

Wynnchurch Capital, LLC
Chris O'Brien
Managing Partner
[email protected]
847-604-6100
or
Brian
Crumbaugh
Managing Director
[email protected]
847-604-6100