Foley Advises Wynnchurch in Sale of Clyde Industries

Foley & Lardner LLP served as legal advisor to Wynnchurch Capital and its partners in connection with the sale of Clyde Industries.

Headquartered in Atlanta, Georgia, Clyde is a leading designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers that clean residue and deposits from the boiler walls and heat exchangers to prevent plugging during operation. Clyde also provides comprehensive services and aftermarket support to maximize efficiency and reliability for customer operations. Wynnchurch acquired Clyde in 2019 as a corporate carve-out from Clyde Bergemann Power Group and supported Clyde’s expansion into new markets and creation of a platform capable of sustained growth.  Foley also served as deal counsel for the 2019 acquisition.

Wynnchurch is a leading middle-market private equity investment firm. The firm’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 manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

The Foley team was led by partners Gjina Lucaj and Omar Lucia with support from Sara Gangel, Ryan McNulty, and Shelby Engelbrecht.