Midland Industries, a portfolio company of Gemspring Capital and manufacturer of industrial pipes, valves & fittings, has acquired Industrial Specialties Manufacturing (ISM).
Founded in 1982, ISM is a value-added distributor and assembler of pneumatic, vacuum, and fluid circuitry components serving distributors and OEMs globally.
The company specialises in fittings, couplings, filters, and valves, offering more than 3,000 active SKUs that support a broad range of industrial and medical applications.
The acquisition expands Midland's product portfolio, broadens its exposure to attractive end markets, and strengthens its position within OEM channels.
ISM's technical expertise and differentiated product offering complement Midland's existing platform, enhancing the company's ability to deliver high-quality products, value-added services, and dependable supply chain solutions to customers.
Midland Industries executive chair, Fabian de Armas, said ISM has built a strong reputation for quality, technical expertise, and customer service.
“This acquisition expands our product breadth and deepens our relationships with both distribution and OEM customers,” he said.
ISM president, James Daves, said the deal creates meaningful opportunities for customers, suppliers and employees.
"Midland's complementary portfolio, scale, and operational resources will enhance our capabilities while preserving the responsiveness and technical expertise that define ISM,” Daves said.
Terms of the transaction were not disclosed. Gemspring Capital is a private equity firm with $US5.1 billion of capital under management.