Rosemont, IL-based Wynnchurch Capital, L.P. acquired MRO supplies master wholesaler ORS Nasco from One Equity Partners. Terms of the transaction were not disclosed.
ORS Nasco serves distributor customers across the U.S., Canada and the Middle East with over 190,000 SKUs sourced from over 250 OEMs. The company operates across 13 distribution locations. ORS had operated as the MRO industrial supplies unit of ORS Medco. Upon the sale, ORS Medco continues with its Medco and Nestor distribution networks.
ORS Nasco’s corporate headquarters are in Tulsa, OK.
“We are committed to providing our diverse customer base with access to industry leading brands and superior service and are excited to partner with Wynnchurch as we continue our next phase of growth,” ORS Nasco CEO Kevin Short said in a Aug. 7 news release. “Wynnchurch understands the strong value proposition we provide, and we believe together we can continue to transform the industrial wholesale market.”
Foley & Lardner LLP acted as legal advisor to Wynnchurch.
Wynnchurch acquired high-pressure hydraulic tools and equipment manufacturer, Hydraulic Technologies in June. The company recently invested in several companies including — Reagent; Handgards; and FlowWorks.
Wynnchurch manages private equity funds with $9.2 billion of regulatory assets under management.
“As a market leader in industrial MRO wholesale distribution, ORS’s customer-centric focus on delivering best-in-class service in a growing portion of the industry aligns well with our investment philosophy,” Wynnchurch Managing Partner Greg Gleason said. “We are excited to carve ORS out as a standalone platform and partner with Kevin and the management team with the resources to drive significant growth.”
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