Mid States Supply Acquisition by Ilion Capital Marks a New Era for Industrial Business Expansion

The news of the acquisition of Mid States Supply by Ilion Capital Partners marks a significant step towards the expansion of the industrial business market. Staple Street Capital, a private equity firm, announced the successful sale of Mid States to Ilion Capital, a well-known player in the industrial sector. Mid States Supply, an industrial service provider, has transformed under Staple Street Capital's ownership, resulting in the company becoming one of the leading providers of valve modification services in the United States. The acquisition by Ilion Capital marks a new era for the company with an opportunity to capitalize on significant growth opportunities.

Mid States' CEO, Ben Hurst, recognized the instrumental role played by Staple Street Capital in transforming the business culture, people, processes, and systems, leading to a leading position in a differentiated segment of the market, best-in-class operations, and robust prospects for long-term growth. Management's collaborative approach and operational insights and resources played a significant role in positioning the company to provide more differentiated products and services to customers.

The new partnership with Ilion Capital, an industrials-focused private equity firm, is a testament to the business's legacy. Ilion Capital's decision to partner with Mid States is due to the quality of the management teams and the culture of quality and customer service maintained since Mid States was founded in 1947. Mid States' management team and culture, combined with Ilion Capital's financial and human capital, will identify and invest in growth opportunities for lower middle-market manufacturers, distributors, and industrial service providers.

Staple Street Capital, with approximately $900 million of capital under management, invests in opportunities where there are transformational opportunities for value creation. SSC helps companies capitalize on strategically important opportunities and inflection points to build stronger and more valuable companies over the long-term. For this transaction, SSC acted as a leading middle-market private equity firm, purchasing the company in 2016 and partnering with the company's management team to transform the business.

The acquisition by Ilion Capital is an operationally-focused approach that marks a new era of growth opportunities for Mid States Supply. Ilion Capital and Mid States Supply share a common vision of investing not only financial but also human capital to enable the growth and expansion of the company. This acquisition is set to lead to the identification of new growth opportunities and successful expansion plans for Mid States Supply in the long-term.

Industria Partners acted as the strategic advisor to Mid States for the transaction, and its involvement highlights the company's commitment to the growth and expansion of industrial businesses. Industria Partners has a wealth of experience in providing strategic advisory services to companies that seek sustainable growth opportunities.

In conclusion, the acquisition of Mid States Supply by Ilion Capital Partners is a significant development in the industrial sector. The acquisition marks a new era of growth opportunities and expansion plans for the company. Ilion Capital's strategic investment in Mid States Supply's management teams and culture, combined with the company's financial and human capital, is set to lead to sustainable growth opportunities for the company. The acquisition is a testament to the commitment of Ilion Capital Partners to expand its portfolio of lower-middle-market manufacturers, distributors, and industrial service providers, partnering with the best players in the market. The partnership between Mid States Supply and Ilion Capital is set to transform the company's future in the industrial sector.