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Gemspring Capital Acquires Midland Industries

Sep 05, 2023•over 2 years ago

Acquiring Company

Gemspring Capital

Acquired Company

Midland Industries

WestportFinanceVenture CapitalManufacturing

Description

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 Information

Company

Gemspring Capital

Location

Westport, Connecticut, United States

About

Gemspring Capital, a Westport, Connecticut-based private equity firm with $5.1 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $2.0 billion in revenue and are in the business services, consumer services, financial and insurance services, healthcare, industrial, software, and tech-enabled services sectors.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed