Wynnchurch acquires Logistik Unicorp from Clearspring

U.S. private equity firm Wynnchurch Capital has acquired Logistik Unicorp Inc, a Saint-Jean-sur-Richelieu, Québec-based provider of managed clothing services and uniform solutions to a range of corporate and governmental organizations. No financial terms were disclosed for the deal, which saw Wynnchurch partner with President and CEO Louis Bibeau, who founded Logistik in 1992. Last week, Canadian private equity firm Clearspring Capital Partners said it sold its interest in Logistik. Clearspring, which first invested in 2011, did not disclose the buyer of the stake. Wynnchurch Managing Director Morty White said his firm will focus on supporting Logistik in its "next stage of growth."

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