Wynnchurch Capital LLC has acquired Kansas City, Missouri-based Midland Metal Mfg., a distributor of fittings, valves, clamps and related products/accessories. No financial terms were disclosed. Wynnchurch will merge Midland with portfolio company Anderson Metals. Vince Hodes, CEO of Midland, will become CEO of the newly combined company.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has completed the acquisition of Midland Metal Mfg. (“Midland”) and will combine the business with Anderson Metals, LLC (“Anderson”). Midland is a leading distributor of fittings, valves, clamps and related products/accessories to a variety of industrial end-markets. Vince Hodes, the CEO of Midland, is investing alongside Wynnchurch and will become CEO of the combined company.
“We are excited to partner with Vince and his team to build on Midland’s legacy as a market leader. We share the same set of values Vince has instilled in the company’s culture and look forward to supporting the company’s growth plans,” said Greg Gleason, Managing Director at Wynnchurch. Chris O’Brien, Managing Partner at Wynnchurch added, “The combination of Midland and Anderson enhances our value proposition for customers with complementary products, new capabilities and geographic reach. We look forward to working with management to create a leading industrial distribution platform through organic growth initiatives and strategic acquisitions.”
Vince Hodes said in a statement, “We are honored to partner with Wynnchurch and combine two successful, family-owned businesses. Wynnchurch has shown it’s committed to providing us with the resources necessary to better serve our customers and markets. This is an exciting opportunity and a new chapter for both Midland and Anderson.” Keith and Kent Anderson added, “This combination has been years in the making and it’s been our dream to put these two companies together. Midland shares our long, successful track record as a family-owned business and a culture committed to serving our customers.”
About Midland Metal Mfg.:
Founded in 1980 and based in Kansas City, MO, Midland is a distributor with over 13,000 SKUs comprising valves, fittings and related products. The company distributes to general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, and other end-markets. For more information, please visit: www.midlandmetal.com.
About Anderson Metals:
Founded in 1947 and based in Kansas City, MO, Anderson is a distributor and manufacturer with over 12,000 SKUs comprising valves, fittings, pipe nipples and related products. The company distributes to plumbing, hardware, industrial, and other end-markets. For more information, please visit: www.andersonmetals.com.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: www.wynnchurch.com.
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