ATLANTA: Wynnchurch Capital, L.P., a middle-market private equity firm based in Rosemont, Illinois, announced Thursday the sale of Clyde Industries, a leading manufacturer of sootblowers and boiler efficiency solutions headquartered in Atlanta.
Wynnchurch acquired Clyde in 2019 through a corporate carve-out from Clyde Bergemann Power Group. Over the course of the investment, the firm supported Clyde’s expansion into new markets and strengthened its core capabilities.
“Our investment in Clyde was centered on supporting a management team with deep industry expertise,” said Frank Hayes, managing partner at Wynnchurch. “Together, we positioned the company for long-term success.”
Clyde Industries designs and manufactures sootblowers—critical components used in recovery, power, and steam boilers to remove residue and prevent operational plugging. The company also provides aftermarket services to enhance boiler performance across pulp & paper, power, and industrial sectors.
“Wynnchurch’s strategy of carving out market-leading businesses continues to unlock value for stakeholders,” said Mike MacKay, principal at Wynnchurch. “Clyde is now a platform capable of sustained growth.”
Brent Beachy, CEO of Clyde, credited Wynnchurch with helping the company expand its global footprint and invest in its workforce. “Their support enabled us to strengthen our capabilities and pursue future opportunities,” Beachy said.
Lincoln International LLC served as financial advisor to Wynnchurch, while Foley & Lardner LLP provided legal counsel.