December 13, 2021
Mid-State Industrial Maintenance (“Mid-State”), a portfolio company of CenterGate Capital, announced that it has further expanded its field and shop capabilities with the acquisition of Elmco Industrial Services (“Elmco”).
Headquartered in Van Wert, Ohio, Elmco is a mechanical shop and field services provider to the aggregate, grain, powdered metals, food processing, and general industrial and manufacturing industries. Mid-State and Elmco serve similar end markets with a focus on safety, superior service, and strong long-term customer relationships.
Rob Moser, COO of Elmco, commented, “It makes me very proud that Elmco will be partnering with Mid-State. Elmco has grown significantly, and I believe that growth will be accelerated by benefiting from Mid-State’s added resources and capabilities. The transition will present Elmco with many exciting opportunities, both for our employees and our customers.”
Mid-State CEO Shawn Toney added, “The acquisition of Elmco contributes towards our vision of providing our customers with the best solution based industrial services available. With the combination of these two great companies, this marks an important milestone for Mid-State as we continue to grow geographic reach for our customers. Our team is truly excited to welcome Elmco employees to the Mid-State family of companies.”
Translink Corporate Finance’s partner in the US, Dinan & Company LLC, acted as the advisor to Mid-State Industrial Maintenance, a portfolio company of CenterGate Capital.
About Mid-State Industrial Maintenance
Founded in 1973, 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, building products, and aggregates industries throughout the United States.
About Elmco Industrial Services
Founded in 1998, Elmco provides mechanical shop and field services to commercial and industrial customers across the country. Headquartered in Van Wert, Ohio, Elmco serves a variety of industries including stone quarriers, grain handling, food processing, machining, manufacturing, recycling facilities, and others. Elmco provides shop services from a 30,000 sq. ft facility. Elmco’s dispatch team services companies across the U.S., and internationally, including China, Honduras, Canada, Mexico, and England.
About CenterGate Capital
CenterGate Capital is an Austin, Texas based private equity firm focused on partnering with lower middle market companies with the potential to achieve transformational growth through operational and strategic development. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term sustainable growth.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A.
Dinan
Managing Partner
mdinan@translinkcf.com
