Midland Industries Acquires Pegasus Supply Group
Midland Industries has acquired Pegasus Supply Group, expanding its offerings in fittings, valves, and flow control products. The financial terms of the acquisition were not disclosed.
Kansas City, Missouri – Midland Industries, a provider of fittings, valves, and related connection products, announced its acquisition of Pegasus Supply Group. This move expands Midland Industries' presence in the industrial supply sector.
Pegasus Supply Group specializes in hoses, fittings, and assemblies for various industrial applications. The acquisition is expected to enhance Midland Industries' product portfolio and its ability to serve a broader customer base.
Midland Industries, a portfolio company of Gemspring Capital, did not disclose the financial details of the transaction. The company stated the acquisition aligns with its growth strategy to expand market reach and product capabilities.
This acquisition is intended to strengthen Midland Industries' position in the market by integrating Pegasus Supply Group's expertise and product lines. The company aims to offer a more comprehensive range of solutions to its customers.