ROSEMONT, IL – Midland Industries, a holding company of Wynnchurch Capital, LP, announced on November 11 the acquisition of Century Brass Products.
Based in Long Island, NY, Century Brass is a distributor of primarily machined brass fittings and valves for the plumbing industry across the United States. The company also distributes electrical power cords and stainless steel braided hoses.
John Gerber, CEO of Midland, said: âThe acquisition of Century Brass strengthens our team and product offering while expanding our customer base and footprint in the wholesale plumbing industry. We welcome Terry Klein and his team in the Midland family and look forward to learning from their years of history and in-depth product knowledge, which will allow us to continue to provide our customers with a distinct advantage in the market.
âWe are thrilled to be part of the Midland family,â said Terry Klein, Vice President of Century Brass. “We are excited to take advantage of the technology and product offering to our customers and to use the connected inventory network across the United States.”
Midland Industries, headquartered in Kansas City, MO, is the new brand of manufacturing and distribution platform representing recently consolidated companies including Anderson Metals, Midland Metal Mfg, Buchanan Rubber Ltd., Mid-America Fittings, Stainless Adapters Inc. and Champion Brass. With more than 40,000 references including fittings, valves, pipes and related products, the company distributes to general industry, pipes, hydraulic fluids, plumbing, oil and gas, construction work. aqueduct, irrigation, trucks and trailers, power transmission and other end markets. .
Wynnchurch Capital, LP, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and a subsidiary in Canada, was founded in 1999 and is a corporation of middle market private equity investment. Wynnchurch’s strategy is to partner with mid-market companies in the United States and Canada that have the potential for substantial growth and improved earnings. Wynnchurch Capital manages a number of private equity funds with committed capital under management of $ 4.2 billion and specializes in recapitalizations, growth capital, business buyouts, company spinoffs and restructuring.