January 3, 2012
Wind Point Partners Acquires Interface
Wind Point and Executive Bill Warkentin to Invest Capital and Resources to Expand the Products and Footprint of a Leader in the Gasket Materials Industry
Wind Point Partners today announced the acquisition of a new platform company, Interface Solutions, Inc. Wind Point acquired Interface in partnership with Bill Warkentin, an executive with 27 years of experience supplying the automotive and heavy duty transportation markets, who will join the business as CEO. Bill was most recently President and CEO of Titan Automotive Group GmbH, a $2.2 billion manufacturer of assemblies and modules serving the industrial, automotive and aerospace industries.
Interface designs and manufactures fiber-reinforced gasket materials for automotive, heavy-duty diesel, small engine, transmission and compressor applications, as well as composite materials used in calendar bowl paper, heat shields and electrical barriers. Interface serves over 200 customers throughout the world. It manufactures products from six facilities in the United States and a seventh facility in Germany and has sales offices around the globe.
"We plan to make significant investments to support the company’s growth, in particular to support our global customers."
-- Nathan Brown
Nathan Brown, a managing director at Wind Point, stated, “We are excited to partner with Bill on the Interface platform. We plan to make significant investments to support the company’s growth, in particular to support our global customers by expanding our international footprint and product lines. We have already started identifying unique acquisition opportunities that will immediately broaden Interface’s product portfolio.”
"The management team and I are excited to partner with Interface at this important phase of the company’s development," said Warkentin. “The company has superior sealing technology, strong management and great people. Interface’s products create tremendous value for its customers. This is a solid foundation from which to build a more complete package of advanced sealing and thermal management solutions for their current and future customers.”
M & T Bank provided debt financing for the transaction. Reed Smith LLP acted as the exclusive legal advisors to Wind Point Partners.