FMI Advises Uponor Corporation on Divestiture of Its North American Infrastructure Pipe Business
RALEIGH - FMI Capital Advisors Inc. is pleased to announce the sale of Uponor Infra Ltd. (“Infra Ltd.”), a Canadian subsidiary of Uponor Corporation (“Uponor”), to Wynnchurch Capital, LLC (“Wynnchurch”). FMI Capital Advisors acted as the exclusive financial advisor to Uponor for this transaction. Wynnchurch has formed a new entity, Infra Pipe Solutions Ltd. (“IPS”), to operate the business.
IPS manufactures and sells large diameter HDPE pipe for use in water infrastructure, mining, industrial processes, oil & gas distribution, and other applications. The company is headquartered in Mississauga, Ontario with manufacturing facilities in Saskatoon, Saskatchewan and Huntsville, Ontario. Sales in 2017 were approximately C$120 million.
“FMI proved a great partner for this strategically important transaction,” noted Sebastian Bondestam, President of Uponor Infra. “They came with a great understanding of our business and our markets, which directly led to a more successful transaction for Uponor.”
About FMI Capital Advisors:
FMI Capital Advisors is the leading investment banking firm serving built environment in North America. With 35 professionals covering all aspects of the engineering & construction industry, FMI’s laser industry focus leads to measurably better outcomes for our clients. FMI clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.
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