February 12, 2019
Lakeland, FL – CenterGate Capital (“CenterGate”), an Austin-based private equity investment firm, announced today that its affiliate has made an investment in Mid-State Industrial Maintenance (“Mid-State”), a leading provider of on-site and off-site industrial maintenance and service solutions.
Established in 1973 and headquartered in Lakeland, Florida, Mid-State serves a wide customer base across the southeastern United States, spanning the chemical processing, phosphate mining, power generation, and building products industries. CEO Jeff Clyne will continue to lead Mid-State and serve on its Board of Directors.
“We are excited about our partnership with CenterGate and what it means for our employees and customers,” commented Clyne. “CenterGate’s investment will provide us the capital and strategic resources to continue to grow our capability set and geographic reach.”
Tim Liu, Managing Director at CenterGate Capital, added, “We are excited to partner with Jeff and the entire Mid-State team. The management team has an impressive track record of success, and we look forward to working with the team to continue that growth. Mid-State has a reputation for the highest levels of safety, service, and quality, which uniquely positions the company to be successful.”
About Mid-State Industrial Maintenance
Mid-State Industrial Maintenance is a leading provider of on-site and off-site industrial maintenance and service solutions. Headquartered in Lakeland, Florida, Mid-State serves as an outsourced maintenance and repair services provider to customers in the chemical processing, phosphate mining, power generation, and building products industries throughout the southeastern United States.
About CenterGate Capital
CenterGate Capital is a private equity firm that helps companies drive meaningful growth and value through dynamic partnerships and supportive capital. CenterGate enables companies to realize their potential by supplementing management's operational and industry expertise with CenterGate's diverse business guidance and insight. CenterGate focuses on investing in lower middle market companies with $20 to $250 million of revenue. For more information, please visit www.centergatecapital.com.