Principals of Schenck M&A Solutions advises Wisconsin Oven Corporation on the sale to Thermal Product Solutions

4/1/2015

NEWS RELEASE 

For Immediate Release
April 1, 2015

Contact:
Ann Hanna
Managing Director, Schenck M&A Solutions
414-465-5537
ann.hanna@schencksc.com 

WISCONSIN – Schenck M&A Solutions is pleased to announce that Wisconsin Oven Corporation (“Wisconsin Oven”) has been acquired by Thermal Product Solutions (“TPS”), a portfolio company of Resilience Capital Partners.

Headquartered in East Troy, WI, Wisconsin Oven is a leading American manufacturer of custom industrial ovens used for heat-treating, finishing, drying, curing, manufacturing automation and process control. Wisconsin Oven has been designing, engineering and manufacturing a broad range of industrial ovens and other heating equipment since 1973 and offers products for the aerospace, automotive, composites, energy, finishing, military and pharmaceutical industries.

David Strand, President/CEO of Wisconsin Oven said, "Wisconsin Oven has experienced incredible growth since selling to PLC group of France in 2012. This acquisition by TPS will provide great new opportunities and allow continued growth for the entire group. We are extremely excited about becoming part of the TPS family. The experience combined by all these great companies will provide expert solutions for applications in all temperature ranges."

TPS designs and manufactures industrial and laboratory ovens and furnaces, and environmental temperature cycling and stability test chambers. TPS is a global leader in thermal processing products and test solutions with brands including BlueM, Gruenberg, Tenney, Lindberg, MPH and now Wisconsin Oven.

Resilience Capital Partners is a leading private equity firm focused on management buyouts and recapitalizations of middle-market companies in niche-oriented manufacturing and business service companies located in the Midwestern and Mid-Atlantic United States.

Principals of Schenck M&A Solutions acted as the exclusive financial advisor to Wisconsin Oven Corporation and assisted in the exploration of various alternatives, including the consideration of this strategic sale to TPS.

About Schenck M&A Solutions

Schenck M&A Solutions, a division of Schenck SC, consists of a dedicated group of investment banking professionals providing M&A advisory services for business sales and divestitures, acquisitions, management buyouts and recapitalizations. Schenck M&A Solutions is uniquely positioned, having the dedicated M&A experience of a boutique investment bank backed by the breadth of knowledge and resources of a large accounting and advisory firm.


Securities offered through Burch & Company, Inc., member FINRA & SiPC. Burch & Company and Schenck M&A Solutions are not affiliated entities. Ann Hanna and Corey Vanderpoel of Schenck M&A Solutions are registered investment banking representatives with Burch & Company.

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