Midland Industries, a portfolio company of Wynnchurch Capital since January 2018, has acquired Century Brass Products.
Century Brass is a distributor of machined brass fittings, valves, electrical cords and stainless-steel braided hoses used in the plumbing industry. The company is headquartered near New York City in Long Island City, New York.
Midland Industries is a distributor and manufacturer of more than 40,000 SKUs of hoses, fittings, valves, and other products used in the industrial, hose, fluid power, plumbing, oil and gas, truck and trailer, power transmission, and other end-markets.
Kansas City, Missouri-headquartered Midland Industries, led by CEO John Gerber, is comprised of numerous operating subsidiaries including Anderson Metals, Midland Metal, Buchanan Rubber, Mid-America Fittings, and Stainless Adapters.
“The acquisition of Century Brass strengthens our team and product offering while expanding our customer base and footprint in the plumbing wholesale space,” said Mr. Gerber. “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.”
Midland continues to seek distributors and manufacturers of fittings and valves – made of brass, lead-free brass, bronze, stainless steel, carbon steel, black and galvanized, malleable iron, and plastic – hose, tubing, clamps, and other fluid power components.
Wynnchurch makes investments in middle-market companies that have revenues of $50 million to $1 billion. The firm was founded in 1999 and is headquartered in the Chicago suburb of Rosemont with additional offices in Los Angeles (El Segundo) and New York City.
In January 2020, Wynnchurch closed its fifth private equity fund, Wynnchurch Capital Partners V LP, with $2.28 billion of committed capital. The new fund, which began its marketing in September 2019 with a target of $1.6 billion, was oversubscribed and closed at its hard cap.
© 2021 Private Equity Professional | November 16, 2021
