Midwest Industrial Rubber has been acquired by Incline Equity Partners
Prestwick is pleased to announce the sale of Midwest Industrial Rubber, Inc. (“MIR”) to Incline Equity Partners. Prestwick acted as the exclusive advisor to MIR and its shareholders. The terms of the transaction were not disclosed.
MIR is a leading value-added supplier of industrial maintenance, repair, and operations products, specializing in the fabrication and distribution of lightweight conveyor belting and related conveyor components and accessories. MIR is the largest independent lightweight belting fabricator/distributor in the U.S. and holds a sustainable, differentiated position as the value and service leader in its marketplace. Through its national network of sales and fabrication centers, MIR serves the conveyor maintenance, replacement, and overhaul needs of more than 2,500 active customers, with a focus on manufacturers of non-discretionary consumer staples (e.g., food, personal care and hygiene, etc.).
Headquartered in Pittsburgh, Pennsylvania, Incline is a private equity firm focused on making investments in lower middle-market growth companies. Incline focuses on companies that possess multiple avenues for growth in the value-added distribution, specialized light manufacturing and business services sectors. Incline works with established companies with an enterprise value of $50 million to $150 million.