Fortress Acquires Gyptech

Funds managed by affiliates of Fortress Investment Group have acquired a majority stake in Gyptech, the Burlington, Ontario–headquartered designer and fabricator of gypsum wallboard and asphalt-shingle manufacturing equipment. The transaction (in which Gyptech management retains a minority stake) was announced as providing strategic support for global growth, scaling innovative technologies, and expanding aftermarket and energy‑reduction offerings; Wynnchurch Capital is the selling private equity sponsor. Moelis acted as Fortress's financial advisor and Evercore as placement agent on the financing.