Wynnchurch Capital has acquired Mid-America Fittings (MAF), a maker of industrial brass fittings and valves.
In addition to brass fittings and valves, Mid-America is also a supplier of chrome-plated and nickel-plated brass fittings as well as black and galvanized malleable iron pipe fittings, stainless steel pipe fittings, and cast bronze fittings. Mid-America sells its products to distributors and OEMs that are active in a wide range of general industrial end-markets. The company, led by CEO Scott Shane, was founded in 1989 and is headquartered in Overland Park, KS (www.midamericafittings.com).
The buy of MAF adds to a valves and fittings distribution platform that Wynnchurch is building and includes Anderson Metals, a Kansas City-based maker of brass fittings,
valves, pipe nipples and related products that are used in plumbing, hardware and general industrial applications (acquired in January 2018); Midland Metal, a Kansas City-based distributor of fittings, valves, clamps, and other products to companies active in the general industrial, hose, fluid power, plumbing, oil and gas,
and agriculture markets (acquired in November 2018); and Buchanan Rubber, a Toronto-headquartered distributor of industrial hoses, couplings, and sheet rubber (acquired in December 2018).
“The acquisition of MAF bolsters our capabilities as a leading platform within the specialty distribution and manufacturing arena,” said Vince Hodes, CEO of the platform. “We welcome Scott Shane to the team and look forward to leveraging MAF’s industry expertise and unique manufacturing capabilities, which will allow us to become a one-stop-shop solution for our customers’ stock and custom needs.”
Wynnchurch makes investments in middle-market companies that have revenues of $50 million to $1 billion. Sectors of interest include aerospace & defense, automotive, building products, chemicals, food, logistics, energy services & equipment, environmental services, industrial products & services, metals & mining, and paper & packaging. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Los Angeles (El Segundo), and Toronto (www.wynnchurch.com).
Wynnchurch is actively investing from its $1.3 billion fourth fund which closed in November 2014.
© 2019 Private Equity Professional | March 1, 2019