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Posted on: Oct. 16, 2015, 3:50 p.m.
Wynnchurch Capital, a leading middle market private equity firm announced the sale of Wolverine Advanced Materials (“Wolverine”) to ITT Corporation (NYSE: ITT) for approximately $300 million. Wynnchurch generated a return of approximately 4.0x multiple of invested capital on its investment in Wolverine. Headquartered in Dearborn, Michigan, Wolverine is a global leader in developing and manufacturing proprietary products for automotive braking systems and highly engineered sealing solutions for harsh operating environments across a range of industries. Over the past 80 years, ... Full investment news article