Midland acquires Stainless Adapters
ROSEMONT -- Midland Industries, a portfolio company of investment firm Wynnchurch Capital, has acquired Stainless Adapters Inc. for an undisclosed sum.
Located in Houston, Texas, SAI supplies premium, stainless steel hydraulic adapters and pipe fittings to a diverse set of markets, including oil and gas, agriculture, automotive, marine, and general industrial. Michael Baker, CEO of SAI, will join as general manager of Midland's new Houston distribution center, which is slated to open in the spring of 2020.
"The acquisition of SAI strengthens our team and product offering, as we continue to build our specialty distribution and manufacturing platform," said Vince Hodes, CEO of Midland. "We welcome Michael and his team to the Midland family and look forward to learning from their deep product knowledge,