FCA, LLC, a Wynnchurch Capital, L.P. portfolio company, announced the acquisition of Greentree Packaging and Lumber. 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.
