Gemspring Capital Acquires Midland Industries
09/05/23, 12:59 PM
Location
westport
Industry
software
professional services
information technology
manufacturing
Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has acquired Midland Industries, LLC ("Midland" or the "Company"), a manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital, L.P. ("Wynnchurch") will retain a minority stake in the Company. Financial terms of the transaction were not disclosed.
Company Info
Location
Westport, Connecticut, United States
Company info
Gemspring Capital Management, LLC is a middle-market private equity firm based in Westport, Connecticut, with $3.8 billion of capital under management. It provides flexible capital solutions to middle market companies, focusing on driving revenue growth, value creation, and sustainable competitive advantages through a partnership approach. It targets companies with up to $500 million in revenue in various sectors including aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing.