Midland Industries, a portfolio company of Gemspring Capital, has acquired Trading Services International.
Founded in 1988, TSI is a value-added distributor of fittings, valves, coils, and other components primarily serving the HVAC market.
The company specialises in difficult-to-source aluminum, copper, and brass products and maintains longstanding OEM customer relationships, supported by a global network of supply chain partners.
The acquisition expands Midland's product portfolio, enhances its presence in attractive end markets, and strengthens its position within OEM channels.
TSI's technical expertise and differentiated product offering complement Midland's platform and further enhance its ability to deliver high-quality products, value-added services, and reliable supply chain solutions.
Midland executive chair, Fabian de Armas, said TSI has built highly differentiated, longstanding customer relationships, supported by a strong reputation for quality and exceptional service.
“This acquisition expands our product breadth, enhances our global sourcing capabilities, and positions us to deliver an even more comprehensive offering to both new and existing customers,” he said.
TSI CEO, Joel Darr, said the deal creates meaningful growth opportunities for customers and suppliers.
“Midland's complementary portfolio, scale, and operational resources will enhance our capabilities while preserving the service-first approach that has defined TSI,” Darr said.