Wynnchurch Capital Invests in Midland Metal and Combines with Anderson Metals

ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has
completed the acquisition of Midland Metal Mfg. (“Midland”) and will
combine the business with Anderson Metals, LLC (“Anderson”). Midland is
a leading distributor of fittings, valves, clamps and related
products/accessories to a variety of industrial end-markets. Vince
Hodes, the CEO of Midland, is investing alongside Wynnchurch and will
become CEO of the combined company.

“We are excited to partner with Vince and his team to build on Midland’s
legacy as a market leader. We share the same set of values Vince has
instilled in the company’s culture and look forward to supporting the
company’s growth plans,” said Greg Gleason, Managing Director at
Wynnchurch. Chris O’Brien, Managing Partner at Wynnchurch added, “The
combination of Midland and Anderson enhances our value proposition for
customers with complementary products, new capabilities and geographic
reach. We look forward to working with management to create a leading
industrial distribution platform through organic growth initiatives and
strategic acquisitions.”

Vince Hodes said in a statement, “We are honored to partner with
Wynnchurch and combine two successful, family-owned businesses.
Wynnchurch has shown it’s committed to providing us with the resources
necessary to better serve our customers and markets. This is an exciting
opportunity and a new chapter for both Midland and Anderson.” Keith and
Kent Anderson added, “This combination has been years in the making and
it’s been our dream to put these two companies together. Midland shares
our long, successful track record as a family-owned business and a
culture committed to serving our customers.”

About Midland Metal Mfg.:

Founded in 1980 and based in Kansas City, MO, Midland is a distributor
with over 13,000 SKUs comprising valves, fittings and related products.
The company distributes to general industrial, hose, fluid power,
plumbing, oil and gas, agriculture, water, truck and trailer, power
transmission, and other end-markets. For more information, please visit: www.midlandmetal.com.

About Anderson Metals:

Founded in 1947 and based in Kansas City, MO, Anderson is a distributor
and manufacturer with over 12,000 SKUs comprising valves, fittings, pipe
nipples and related products. The company distributes to plumbing,
hardware, industrial, and other end-markets. For more information,
please visit: www.andersonmetals.com.

About Wynnchurch Capital:

Wynnchurch Capital, LLC, headquartered in the Chicago suburb of
Rosemont, Illinois, with offices in California and Canada, was founded
in 1999, and is a leading middle-market private equity investment firm.
Wynnchurch’s strategy is to partner with middle market companies in the
United States and Canada that possess the potential for substantial
growth and profit improvement. Wynnchurch Capital manages a number of
private equity funds with $2.2 billion of committed capital under
management and specializes in recapitalizations, growth capital,
management buyouts, corporate carve-outs and restructurings. For more
information, please visit: www.wynnchurch.com.

Contacts

Wynnchurch Capital, LLC
Chris O’Brien
Managing Partner
cobrien@wynnchurch.com
847-604-6100
or
Greg
Gleason
Managing Director
ggleason@wynnchurch.com
847-604-6100
or
Paul
Ciolino
Operating Partner
pciolino@wynnchurchadvisors.com
630-853-8458

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