Boss Industries acquires HIPPO Multipower | Missouri
ROSEMONT, Illinois – (BUSINESS WIRE) – November 23, 2021–
Boss Industries (“Boss”), a holding company of Wynnchurch Capital, LP (“Wynnchurch”), has announced the acquisition of the business assets of HIPPO Multipower (“HIPPO” or the “Company”). HIPPO manufactures and distributes unique multi-power mobile solutions for the utilities, municipal, rail and industrial end markets.
Todd Hudson, President of Boss, said, “We are very pleased to partner with the HIPPO team to add several market-leading mobile power solutions to our ever-expanding product portfolio. This strategic acquisition will allow us to continue to provide the best solutions to our customers in addition to extending the services offered to existing HIPPO customers.
Mike MacKay, Vice President of Wynnchurch, added: “HIPPO represents an opportunity for Boss to continue to expand its portfolio of market leading products and end market coverage. This acquisition demonstrates our commitment to continue investing behind proven management teams in highly profitable opportunities. “
About HIPPO Multipower:
HIPPO Multipower, headquartered in Kansas City, Missouri, was founded in 1972 as a truck equipment developer specializing in aerial work platforms. After forging a reputation as a specialist in mobile hydraulic equipment, HIPPO built the industry’s first multi-power unit in 1980, providing hydraulic, pneumatic and electrical power from a single unit, powered by the power outlet. strength of the truck. For more information, please visit: https://hippomultipower.com.
About Boss Industries:
Boss Industries, headquartered in La Porte, Indiana, is a leader in PTO driven rotary screw compressors, motor driven rotary screw compressors, hydraulically driven rotary screw compressors, gas compression and Vapor Recovery Compression, as well as a Wide Selection of Rotary Screw Air Tips for OEM Applications. Boss compressors are ideal for the utility truck and service truck industry. For more information, please visit: https://bossair.com.
About Wynnchurch Capital:
Wynnchurch Capital, LP, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and a subsidiary in Canada, was founded in 1999 and is one of the leading mid-market private equity firms. Wynnchurch’s strategy is to partner with mid-market companies in the United States and Canada that have the potential for substantial growth and improved earnings. Wynnchurch Capital manages a number of private equity funds with committed capital under management of $ 4.2 billion and specializes in recapitalizations, growth capital, business buyouts, company spinoffs and restructuring. For more information, please visit: https://www.wynnchurch.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211123005468/en/
CONTACT: Chris O’Brien
KEYWORD: UNITED STATES NORTH AMERICA CANADA INDIANA ILLINOIS MISSOURI
INDUSTRY KEYWORD: ALTERNATIVE ENERGY CONSTRUCTION AND REAL ESTATE ENERGY MANUFACTURING FINANCE BANKING PROFESSIONAL SERVICES OTHER TRANSPORT TRUCKING TRANSPORT OTHER MANUFACTURING OTHER ENERGY SERVICES OTHER CONSTRUCTION AND PROPERTY ENGINEERING
SOURCE: Wynnchurch Capital, LP
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PUB: 11/23/2021 08:35 / DISC: 11/23/2021 08:36
Copyright Business Wire 2021.