Wynnchurch Capital, L.P. announced Tuesday that it acquired Pennsylvania Machine Works, LLC, a fully integrated manufacturer of high pressure forged fittings and branch connections founded in 1931 and headquartered in Aston, Pa.
“We are committed to providing our customers with a one-stop solution for all their forged fittings and branch connection needs, and are excited to partner with Wynnchurch as we continue that mission,” Joe Pro, president of Penn Machine, said. “Wynnchurch understands the importance of meeting the needs of our customers, which is constantly evolving. Wynnchurch is the right partner to enable Penn Machine to reach the next level of growth.”
Wynnchurch Capital is actively seeking investment opportunities for its $2.277 billion Fund V.
Among its other recent investments are two closed-die forging facilities owned by Pittsburgh, Penn.-based specialty metals company Allegheny Technologies Incorporated (ATI). The facilities were part of ATI’s High Performance Materials & Components segment and were located in Portland, Ind., and Lebanon, Ky.
Other recent investments include Clyde Industries, which designs and manufacturers sootblowers, a critical component in recovery, power, and steam boilers; Eastern Metal Supply, a value-added distributor of aluminum extrusions and related products; MPL Holdings, a provider of cultured marble products for the hospitality and multi-family housing markets; and Alliance Designer Products, Inc., a manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects.