Wynnchurch Capital invests in Owen Family of Cos.
ROSEMONT -- Wynnchurch Capital L.P. Monday said it has invested in Owen Family of Cos., a provider of critical infrastructure equipment, aftermarket parts and services including street sweepers, sewer cleaners, hydro excavators, specialty drilling equipment and vegetation management equipment.
Founded in 1958, Owen is based in Vancouver, Washington. The amount of Wynnchurch's investment was not disclosed.
"The entire Owen team is thrilled to partner with Wynnchurch to accelerate growth through continued investment in our team, capabilities, and product offering," said Earl Rose, CEO of Owen.
Owen serves as a distributor of new and pre-owned equipment, provides related parts and maintenance services and maintains a large fleet of rental equipment.
"We're excited to partner with Earl and his team to continue their track record of success and build a market leading specialty equipment provider for essential municipal, utility and infrastructure applications," said Greg Gleason, managing partner at Wynnchurch, the Rosemont-based middle market private equity firm.