Westport’s Gemspring Capital Management acquires Midland Industries

Gemspring Capital Management LLC, a Westport a middle-market private equity firm, has acquired Midland Industries LLC, a manufacturer and distributor of pipe, valve, and fitting products across North America. The seller in the transaction, Wynnchurch Capital L.P., will retain a minority stake in Midland.

Founded in 1919 and headquartered in Overland Park, Kansas, Midland is a value-added distributor and manufacturer of fittings, valves, clamps, hoses, and related products for a wide variety of manufacturing, plumbing, utilities, HVAC, fluid power, and other general industrial end markets.

“Midland is at an exciting inflection point in our evolution, and we are thrilled to partner with Gemspring as we pursue numerous growth and innovation opportunities across our product lines,” said John Gerber, CEO of Midland. “Gemspring’s considerable industrial distribution expertise will drive significant value as we expand our product suite, geographic reach, and end markets to better serve a longstanding customer base that has become accustomed to our exceptional service levels.”

“John and his team have built a best-in-class distribution platform, and we believe that Midland is differentiated in a market where supply chain partnership and operational excellence is critical to customer success,” added Geoff Broglio, managing director at Gemspring. “We are excited to partner with the Midland team as the company continues to grow its operations and drive product innovation, geographic expansion, and end market diversification.”

The financial terms of the transaction were not disclosed.

Photo of the Midland Industries product line courtesy of the company.