Wynnchurch Capital completes acquisition of Astro Shapes, LLC

by David Flaherty | 6 February 2025 2:05 pm

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Private investment firm Monomoy Capital Partners has sold Astro Shapes, LLC, a manufacturer of custom aluminum[2] extrusions, to Wynnchurch Capital[3].

Headquartered in Struthers, Ohio, and founded by Bob Cene, Sr. in 1971, Astro Shapes is a family-operated manufacturer of aluminum extrusions. The company primarily serves the building products and recreational vehicle markets through three facilities across the Midwest and Northeast. Astro Shapes operates computerized extrusion presses capable of creating and manufacturing custom extrusions in more than 14,000 shapes and sizes in painted, thermal, anodized, and other finishes.

Monomoy invested in the business in 2020 and has since worked alongside second-generation business leader Paul Cene—who served as CEO during Monomoy’s ownership—and the management team. Astro Shapes will continue to operate under its current management team led by Steve DeVoe, who was promoted to CEO.

“The success Astro Shapes has experienced during our partnership with Monomoy is not only due to tactical improvements but also the holistic value-creation approach we have executed together,” says Cene, who transitioned to an advisory role on Astro Shapes’ board of directors. “On behalf of my family, we are proud of the Astro Shapes team and grateful for Monomoy’s leadership. We wish Steve and the entire company continued growth and success.”

“Monomoy is honored to have partnered alongside Paul and a devoted management team to supercharge the growth of the Astro Shapes business,” said Monomoy Partner Jaime Forsyth. “We achieved success through our co-development of key operational initiatives that resulted in significant growth during a market downturn. We would like to congratulate Paul, Steve, and the entire Astro Shapes team, who should be very proud of the legacy they have built, and wish the entire company continued success in this next chapter with Wynnchurch.”

Source URL: https://www.metalconstructionnews.com/news/wynnchurch-capital-completes-acquisition-of-astro-shapes-llc/

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