Wynnchurch to buy Logistik - PE Hub

Wynnchurch to buy Logistik. Wynnchurch Capital has agreed to acquire Montreal-based Logistik Unicorp Inc , a provider of managed clothing services and uniform solutions. No financial terms were disclosed for the transaction that is being done in partnership with Louis Bibeau , the founder and CEO of Logistik. ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has partnered with Louis Bibeau to acquire Logistik Unicorp Inc. (“Logistik” or the “Company”). Louis is the founder of Logistik and has been since the Company’s inception in 1992. Logistik is a worldwide leader in managed clothing services and provides uniform solutions to large organizations with complex uniform requirements. The Company provides a personalized, comprehensive solution including textile research, product design and testing, customer service and communications, sourcing of items, manufacturing capabilities, warehousing, inventory management, order processing, and distribution, as well as customized software development and data management. John Hatherly, Managing Partner at Wynnchurch said, “Over the past 19 years, Wynnchurch has invested in niche, well-managed, market-leading businesses and we believe that Logistik is a perfect fit. The Company has demonstrated a long track record of providing unparalleled service to its clients.” “We are eager to partner with Logistik’s world-class management team to build on the Company’s reputation of providing superior customer service, quality, and innovation,” added Erin Murphy, Managing Director at Wynnchurch. Morty White, Managing Director at Wynnchurch, stated “We are excited to work with Louis and his team. Logistik is the pioneer of the managed services uniform industry and we look forward to helping the business in their next stage of growth.” “I am thrilled to partner with Wynnchurch’s dynamic team. With them, our motto has never been so true: “Together, the sky is the limit”,” said Louis Bibeau, Chief Executive Officer of Logistik. Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. In June 2018, Wynnchurch acquired CPS, the leading provider of mission-critical solutions for highly demanding industries and applications. Other recent Wynnchurch investments include 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, and related products.