M&A Deal Summary

Midland Industries Acquires Anderson Metals

On November 7, 2018, Midland Industries acquired manufacturer Anderson Metals from Wynnchurch Capital

Acquisition Highlights
  • This is Midland Industries’ 1st transaction in the Manufacturing sector.
  • This is Midland Industries’ 1st transaction in the United States.
  • This is Midland Industries’ 1st transaction in Missouri.

M&A Deal Summary

Date 2018-11-07
Target Anderson Metals
Sector Manufacturing
Buyer(s) Midland Industries
Sellers(s) Wynnchurch Capital
Deal Type Merger

Target

Anderson Metals

Kansas City, Missouri, United States
Anderson Metals is a manufacturer of brass fittings, valves, pipe nipples and related products, which are sold into the plumbing, hardware and general industrial end-markets. The Company supplies over 12,000 SKU's across a variety of categories including lead-free and leaded brass fittings, valves, pipe nipples, non-metallic fittings and assorted parts and accessories. Anderson Metals was formed in 1947 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Midland Industries

Kansas City, Missouri, United States

Category Company
Founded 1980
Sector Manufacturing
DESCRIPTION

Midland Industries is a distributor and manufacturer of more than 25,000 SKUs comprising fittings, couplings, valves, hoses, and related products. The company serves general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, original equipment manufacturers, and other end-markets. Midland Industries was founded in 1980 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 1 of 5
Sector (Manufacturing) 1 of 2
Type (Merger) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Buchanan Rubber

Toronto, Ontario, Canada

Buchanan Rubber is a distributor of industrial hoses, couplings, and sheet rubber with approximately 8,000 SKUs. The company distributes products to a variety of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food & beverage, and general industrial. Buchanan Rubber was formed in 1986 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 19 of 32
Sector (Manufacturing) 2 of 6
Type (Merger) 2 of 4
State (Missouri) 1 of 2
Country (United States) 17 of 27
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Midland Industries

Kansas City, Missouri, United States

Midland Industries is a distributor and manufacturer of more than 25,000 SKUs comprising fittings, couplings, valves, hoses, and related products. The company serves general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, original equipment manufacturers, and other end-markets. Midland Industries was founded in 1980 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-19 Latham International

Latham, New York, United States

Latham International, Inc. is a manufacturer of pool components and accessories in North America. The Company’s product offering includes in-ground vinyl pool liners, above-ground vinyl pool liners, polymer and steel pool wall systems, fiberglass pools, steps and ladders, pool safety covers, and other pool related accessories.

Sell $375M