Wynnchurch Capital announced today that it has completed the acquisition of Midland Metal and will combine the business with Anderson Metals. 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," said Managing Director at Wynnchurch Greg Gleason. "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.”
“The combination of Midland and Anderson enhances our value proposition for customers with complementary products, new capabilities and geographic reach," said Managing Partner at Wynnchurch Chris O’Brien. "We look forward to working with management to create a leading industrial distribution platform through organic growth initiatives and strategic acquisitions."
“We are honored to partner with Wynnchurch and combine two successful, family-owned businesses," said Hodes. "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.”
“This combination has been years in the making and it’s been our dream to put these two companies together," said Keith and Kent Anderson. "Midland shares our long, successful track record as a family-owned business and a culture committed to serving our customers.”