Transaction Announcement

Northern Wholesale Supply (NWS) is a leading distributor of marine and RV accessories. Founded in 1984, NWS is an industry leader and provides an all-encompassing suite of over 30,000 parts and accessories. In addition, the company maintains a division of proprietary products (primarily comprised of its Extreme Max®) to address unmet customer demand. NWS currently serves its customers throughout the U.S. from its headquarters in Hugo, Minnesota.

Faelon Partners, Ltd., was retained by the owners of NWS to conduct a national search for a partner to continue and build upon NWS’ current operations. Nick Gargaro, owner of NWS, said, “It was nice to work with a small firm that listened to our needs; we didn’t get lost in the shuffle.” Faelon Partners, Ltd. assisted with valuing, negotiating, and structuring the transaction. After meeting with potential buyers and determining interest from multiple firms, the owners chose Wynnchurch Capital, a leading middle-market private equity investment firm. Michael Conroy, Partner at Faelon Partners, Ltd, added, “I think Wynnchurch shares the owners’ vision for growth and desire to keep jobs in Minnesota.”

John Hatherly, Managing Partner at Wynnchurch, said, “NWS has built an outstanding reputation over the past 36 years. We are fortunate to partner with Nick Gargaro and his team to continue to grow the NWS platform.”