FCA Packaging Invests in Greentree Packaging and Lumber
April 25 2024 - 10:35AM
Business Wire
FCA, LLC, a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio
company, announced the acquisition of Greentree Packaging and
Lumber (“Greentree” or the “Company”). Headquartered in Fort
Worth, Texas, Greentree is a manufacturer of custom wood packaging
and a distributor of lumber products.
David Wilsted, CEO of FCA, said, “We are excited to bring
Greentree into the FCA Packaging family and are proud to announce
this partnership. Together, FCA and Greentree will be able to
better serve our customers in the Dallas/Ft. Worth area as well as
nationally across our 40-location network.”
“We have known David and the FCA team for several years, and we
are excited to partner with the leading player in the custom wood
packaging space,” said Robert Payne, President of Greentree. “This
combination will allow us to enhance our solution offering to our
customers and accelerate our growth as a united business.”
Neel Mayenkar, Partner at Wynnchurch, said, “Greentree
represents an opportunity to continue to grow FCA’s custom
packaging portfolio in an attractive Dallas / Fort Worth market. We
commend Robert and the Greentree team for the impressive growth
they have achieved since founding the business in 2014, and we are
excited to partner with them to support the continued expansion of
the FCA platform.”
Perkins Coie LLP acted as legal advisor to Wynnchurch.
Wynnchurch manages a number of private equity funds with $9.2
billion of regulatory assets under management and is actively
seeking investments. In April, Wynnchurch acquired Handgards, a
leading distributor of foodservice packaging, including disposable
gloves, tabletop items, and other carryout products. Other recent
investments include: FloWorks, a distributor of critical flow
control products; Industrial Service Solutions, a national provider
of MRO-focused field, shop, and supply services; and FCA, a leading
manufacturer of customized industrial protective packaging
solutions.
About Greentree:
Greentree, headquartered in Fort Worth, Texas, is a provider of
distributed and cut lumber and manufactured custom wood packaging.
The Company operates out of a 100k sq. ft. facility and has nearly
200 employees. For more information, please visit:
www.greentreepackaging.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of
Rosemont, Illinois, with an affiliate in 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 manages a
number of private equity funds with $9.2 billion of regulatory
assets under management and specializes in recapitalizations,
growth capital, management buyouts, corporate carve-outs, and
restructurings. For more information, please visit:
www.wynnchurch.com or follow us on LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240425423740/en/
Frank Hayes Managing Partner fhayes@wynnchurch.com
847.604.6100
Neel Mayenkar Partner nmayenkar@wynnchurch.com 847.604.6100
Kevin Hanley Principal khanley@wynnchurch.com 847.604.6100
Chris Waldock Vice President cwaldock@wynnchurch.com
847.604.6100