Secondary Buyout • Distribution

Ilion Capital Partners Acquires Mid States Supply

On June 26, 2023, private equity firm Ilion Capital Partners acquired distribution company Mid States Supply from Staple Street Capital

Acquisition Context
  • This is Ilion Capital Partners’ 1st transaction in the Distribution sector.
  • This is Ilion Capital Partners’ 1st transaction in the United States.
  • This is Ilion Capital Partners’ 1st transaction in Missouri.

Explore All 314 Secondary Buyout Distribution Deals - Search the Database Free


M&A Deal Summary

Date June 26, 2023
Target Mid States Supply
Sector Distribution
Buyer(s) Ilion Capital Partners
Sellers(s) Staple Street Capital
Deal Type Secondary Buyout
Advisor(s) Industria Partners (Financial)

Target Company

Mid States Supply

Kansas City, Missouri, United States
Mid States Supply is a distributor of pipes, valves, and fittings serving the oil and gas, general manufacturing, food, and mechanical construction industries. Mid States also provides value-added modification services, customizing values, and other products to meet specific customer requirements. Mid States Supply was established in 1947 and is based in Kansas City, Missouri.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer
DESCRIPTION

Ilion Capital Partners is a private investment firm seeking business to business companies in the lower middle-market. The Firm looks for companies with EBITDA of less than $10 million, and revenues between $8 and $100 million. Prospective companies typically offer market leading products or services, and are often founder owned. Ilion Capital Partners was established in 2021 and is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Secondary Buyout 1 of 1
State: Missouri 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Staple Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Staple Street Capital is a private equity firm focused on acquiring middle-market companies with $50 to $500 million in revenue. Staple Street looks to invest up to $125 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial services, healthcare, industrial, and manufacturing sectors. Prospective transaction situations include carve-outs, family-owned business acquisitions, recapitalizations, consolidations, take privates, and special situations. Staple Street Capital was formed in 2009 and is based in New York City.


Deal Context for Seller #
Overall 3 of 5
Sector: Distribution 1 of 1
Type: Secondary Buyout 1 of 3
State: Missouri 1 of 1
Country: United States 1 of 3
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Garden State Bulb

Vineland, New Jersey, United States

Garden State Bulb is a distributor and marketer of dormant flower bulbs and related products to leading retailers including Home Depot, Lowe’s, and Walmart as well as over 7,000 independent garden centers across the country. Garden State Bulb is based in Vineland, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 CyberlinkASP

Dallas, Texas, United States

CyberlinkASP is an application service provider that differs from traditional outsourcing companies by offering everything from single application delivery and help desk support to total desktop integration. CyberlinkASP was founded in 1999 and is based in Dallas, Texas.

Sell -