Mid State Industrial Maintenance: CenterGate's Mid-State acquires MED

CenterGate's Mid-State acquires MED Submitted 27/01/2021 - 10:11am Mid-State Industrial Maintenance (Mid-State), a portfolio company of CenterGate Capital, has further expanded its service capabilities in the aggregates industry with the acquisition of Mine Equipment & Design (MED). MED is a specialty provider of consumable parts, new and used equipment, plant design services, and repair services to the aggregate and mining industry and is a key strategic addition to Mid-State's broad services offering. Mid-State and MED serve similar end markets with a focus on safety, superior service, and strong long- term customer relationships. Bob Falk, founder of MED, will continue to lead MED. "We are very excited to partner with Mid-State and believe that this combination will benefit our customers with a greatly expanded service offering. We are excited about the prospects of growing the combined company," says Falk. "I know Mid-State is a customer-focused company that will continue to provide our many loyal customers with the quality service that they've come to expect from MED." Mid-State CEO Jeff Clyne adds: "The acquisition of MED expands our geographic coverage in the Midwest and enables us to offer MED's capabilities in the Southeast region. We have worked with MED numerous times in the past and believe that their focus on quality and service will make this a successful acquisition. MED further positions us as a leader in diversified industrial solutions, and I'm excited to welcome Bob and MED's employees to Mid-State." Author Profile Tags Deals & Transactions Acquisitions