We are truly honored by this award from Global M&A.
Oolitic, Ind. (PRWEB) August 06, 2015
The acquisition and renewed success of Indiana Limestone Co. has earned for Wynnchurch Capital, Ltd. the Turnaround of the Year Award in the Construction & Building Services from Global Mergers & Acquisitions Network (Global M&A).
Wynnchurch Capital, a leading middle market private equity firm focused on investments in niche manufacturing, distribution and business service companies, acquired ILCO in May 2014 after the limestone supplier and fabricator filed for bankruptcy protection. In little over a year, ILCO has doubled its excavation figures, rehired 120 of the company's former stonecutters and added 43 new jobs.
John Hatherly, Managing Partner at Wynnchurch said, "We are truly honored by this award from Global M&A. We would like to take this moment to recognize Tom Quigley, CEO of Indiana Limestone, for his visionary and innovative leadership and the hard work of his team and employees. Our partnership has not only been mutually beneficial to Indiana Limestone and Wynnchurch, but it has also been a positive for the state of Indiana. That's the kind of deal we like."
Added Quigley, “We are deeply honored to receive this special recognition. Wynnchurch has been a great partner with vision. This award is also about our employees and our customers – they have been essential contributors to this resurgence.”
Global M&A Turnaround Atlas Awards exclusively honor excellence in the best value-creating turnaround deals and outstanding firms from the international restructuring and special situations M&A industries.
About Wynnchurch Capital, Ltd.
Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Michigan and Toronto, and affiliates in New York City, Los Angeles, and Montreal, 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 $2.3 billion under capital management and specializes in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. For more information, please visit http://www.wynnchurch.com .
About Indiana Limestone Co.
Indiana Limestone Company is unmatched as the premier supplier of Indiana Limestone in a range of beautiful and lasting building products. Founded in 1926 (with predecessor firms that had been quarrying limestone since the mid-1800s), ILCO today remains the provider of choice for this internationally renowned natural stone. Throughout an illustrious history in which its stone has made such iconic structures as the Empire State Building, National Cathedral, and the Pentagon, ILCO has reliably provided the highest quality products and services carefully tailored to the needs of the market with an environmental, natural focus.