Midland Industries, a portfolio company of Gemspring Capital and a leading provider of fittings, valves, flow control, hose, and related connection products, has announced its acquisition of Pegasus Supply Group. Terms of the transaction were not disclosed.

Pegasus is a leading supplier of industrial and electronic connection products, including cable ties, wire harnesses, heat shrink products, and related maintenance and repair products. The company also provides value-added services such as wire harness and cable assembly, engineering and technical support, and custom cutting and marking. With operations in the United States and Canada, Pegasus serves customers across a broad range of industrial and commercial end markets and has built a strong reputation for quality, service, and responsiveness.

The acquisition broadens Midland’s product offering with highly complementary connection products and capabilities while creating additional opportunities to serve customers across a wider range of applications.

“Pegasus expands both what we can offer our customers and the markets and applications we can support,” said Mark Roszkowski, CEO of Midland Industries. “Its product expertise, value-added capabilities, and customer-focused approach are highly complementary to Midland. We are excited to welcome the Pegasus team and look forward to building on the strengths of both organizations as we create even more ways to help our customers succeed.”

“Pegasus is a compelling strategic fit with Midland and represents an important next step in the company’s growth,” said Alex Funk, managing director at Gemspring Capital. “The business brings complementary products, differentiated technical capabilities, and longstanding customer relationships, while creating meaningful opportunities to expand the value Midland provides to its customers. We are excited to partner with Mark and the Midland team as they bring the businesses together and continue building a stronger platform for long-term growth.”

Fairmount Partners acted as exclusive financial advisor to Pegasus Supply Group.