Financial Advisor
Mid-State Industrial Maintenance
M&A Advisory
A Portfolio Company Of
Has Been Acquired By
Transaction Details
- On February 12, 2019, CenterGate Capital (“CenterGate”), an Austin-based private equity investment firm, announced 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
- Stephens Inc. served as exclusive financial advisor to Mid-State Industrial Maintenance in the transaction
About the company
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. For more information, please visit www.midstateindustrialcorp.com.
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.
KLH Capital
KLH Capital is a private equity firm serving lower middle-market businesses and entrepreneurs with financial resources and business acumen that unleash the company’s full potential. In doing so, KLH improves the company’s market position, provides opportunity for key managers and allows owners to harvest the value in their business. For more information, please visit www.klhcapital.com.
Sources: CenterGate press release and KLH website.
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