Mid-market private equity firm Wynnchurch Capital has sold Midland Industries (Midland), a distributor and manufacturer of fittings, valves, clamps, hoses for a wide variety of markets, to Gemspring Capital Management, (Gemspring).Â
Wynnchurch coinvested alongside Gemspring in the deal.
Following Wynnchurch’s investment in January 2018, Midland completed seven acquisitions, opened distribution facilities in the Southeast and Northwest US, grew its e-commerce strategy, and made investments in talent, systems, and automation to drive growth.
Paul Hastings LLP provided legal advice to Wynnchurch in connection with the transaction, and Harris Williams and KeyBanc served as financial advisors.
