Houlihan Lokey Advises Charter Industries

Houlihan Lokey is pleased to announce that Charter Industries (Charter), a portfolio company of Incline Equity Partners (Incline), has been acquired by Wynnchurch Capital (Wynnchurch).

Houlihan Lokey served as the lead financial advisor to Charter and Incline and assisted in initiating, structuring, and negotiating the transaction on their behalf.

Headquartered in Grand Rapids, Michigan, Charter supplies PVC and wood edgebanding, T-molding, adhesives, and hardware to North American casegood providers, fabricators, OEMs, and distributors. Charter offers two-day delivery from its seven locations, a significant benefit for those serving critical end markets, including healthcare, education, and hospitality.

Incline is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution, and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 million to $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts, and corporate divestitures within the United States and Canada.

Wynnchurch, headquartered in the Chicago suburb of Rosemont, Illinois, 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 manages a number of private equity funds with $8.6 billion of assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

This transaction highlights Houlihan Lokey’s dedicated sector expertise and continued success advising market-leading specialty distributors and building products companies.

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