Wynnchurch Capital has agreed to sell Gypsum Technologies, a Canada-based engineering firm, to Fortress Investment Group.
Gypsum Technologies specializes in the design and fabrication of production equipment used for gypsum wallboard and asphalt-shingle manufacturing.
The gypsum and asphalt-shingle manufacturing sectors are expected to experience steady growth due to increasing infrastructure and residential construction projects worldwide.
Fortress Investment Group, with over $48 billion in assets under management, will work with Gypsum Technologies' leadership team to capitalize on growth opportunities.