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Northeast HVAC
News
Master Distributor Midland Industries Acquires Century
Brass.
Midland adds a New York-based distributor of machined
brass fittings and valves to its offering. |
Midland Industries, a portfolio
company of Wynnchurch Capital, L.P., announced Nov. 11 the
acquisition of Century Brass Products.
Headquartered in Long Island, NY,
Century Brass is a distributor of primarily machined brass fittings
and valves to the plumbing industry across the United States. The
company also distributes power electrical cords and stainless-steel
braided hoses.
John Gerber, CEO of Midland, said, “The acquisition of Century
Brass strengthens our team and product offering while expanding our
customer base and footprint in the plumbing wholesale space. We
welcome Terry Klein and his team to the Midland family and look
forward to learning from their years of history and deep product
knowledge, enabling us to continue providing our customers a
distinct advantage in the marketplace.”
“We are excited to be part of the Midland family,” said Terry Klein,
vice president of Century Brass. “We’re thrilled to leverage the
technology and product offering to our customers, and to utilize the
connected network of inventory across the United States.”
Story
continues below ↓
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Midland Industries,
headquartered in Kansas City, MO, is the new manufacturing and
distribution platform brand representing recently consolidated
companies including Anderson Metals, Midland Metal Mfg, Buchanan
Rubber Ltd., Mid-America Fittings, Stainless Adapters Inc., and
Champion Brass. With over 40,000 SKUs comprising fittings, valves,
hose, and related products, the company distributes to general
industrial, hose, fluid power, plumbing, oil and gas, water works,
irrigation, truck and trailer, power transmission, and other
end-markets.
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of
Rosemont, IL, with offices in California, New York, and an affiliate
in Canada, was founded in 1999, and is a 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
$4.2 billion of committed capital under management and specializes
in recapitalizations, growth capital, management buyouts, corporate
carve-outs and restructurings.
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