The Edgewater Funds Sells Majority Interest in ISS to Wynnchurch Capital
The Edgewater Funds (“Edgewater”) is pleased to announce that it has completed the sale of a majority interest in Industrial Service Solutions (“ISS” or the “Company”) to Wynnchurch Capital, L.P. (“Wynnchurch”). Edgewater will retain a minority position in the go-forward business and is excited to remain an investor in ISS and continue to partner with management, as well as Wynnchurch, to further expand the Company.
Headquartered in Houston, TX, ISS is a national industrial maintenance, repair and operations services company with locations throughout the United States. ISS focuses on rotating equipment services, including motors, pumps, and valves, along with process equipment and inspection services. The new investment and recapitalization by Wynnchurch will enable the Company to continue executing on its organic and acquisition growth plans.
Edgewater formed ISS in 2011 with experienced industry executives, and its co-investor JZ Capital Partners, who will also retain a minority stake in the go-forwarded business. During the investment period, ISS completed and integrated 30 strategic acquisitions that allows the Company to offer field, shop, and supply services for a diverse set of industrial markets from 50+ locations throughout the United States.
Edgewater partners with outstanding management teams to accelerate growth in their business. We are a flexible partner and can execute control and non-control investments. For more information, visit the Edgewater website: www.edgewaterfunds.com or contact us at firstname.lastname@example.org for any questions or information.