January 25, 2021
Mid-State Industrial Maintenance (“Mid-State”), a portfolio company of CenterGate Capital, today announced that it has further expanded its service capabilities in the aggregates industry with the acquisition of Mine Equipment & Design (“MED”).
Headquartered in Cleves, Ohio, MED is a specialty provider of consumable parts, new and used equipment, plant design services, and repair services to the aggregate and mining industry and is a key strategic addition to Mid-State’s broad services offering. Mid-State and MED serve similar end markets with a focus on safety, superior service, and strong long-term customer relationships. Bob Falk, founder of MED, will continue to lead MED.
“We are very excited to partner with Mid-State and believe that this combination will benefit our customers with a greatly expanded service offering. We are excited about the prospects of growing the combined company,” commented Falk. “I know Mid-State is a customer-focused company that will continue to provide our many loyal customers with the quality service that they’ve come to expect from MED.”
Mid-State CEO Jeff Clyne added, “The acquisition of MED expands our geographic coverage in the Midwest and enables us to offer MED’s capabilities in the Southeast region. We have worked with MED numerous times in the past and believe that their focus on quality and service will make this a successful acquisition. MED further positions us as a leader in diversified industrial solutions, and I’m excited to welcome Bob and MED’s employees to Mid-State.”
About Mid-State Industrial Maintenance
Founded in 1973, 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, building products, and aggregates industries throughout the southeastern United States.
About Mine Equipment & Design
Founded in 2014, MED provides turnkey services in the design, supply, and erection of plants for the aggregates industry in the Midwest and Florida. MED provides consumable parts and old and used equipment for all styles of crushers, dredge pumps, screening media, and conveyors. MED also provides a range of services including project finance evaluations, quality control, compliance planning, plant flow production analysis, on-site repair and modification, erection, and commissioning. MED also provides field and maintenance crews to inspect and maintain the entire plant.
About CenterGate Capital
CenterGate Capital is a private equity firm focused on creating value for its stakeholders and investors by proactively partnering with management. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term sustainable growth in lower middle market companies. CenterGate focuses on investing in companies with $20 to $250 million of revenue. Companies interested in more information should visit www.centergatecapital.com.