Mid-State offers more than 75,000 standard and special quality fasteners, as well as custom kitting and inventory management solutions.
MPE Partners (Morgenthaler Private Equity) announced an investment in Mid-States Bolt & Screw Co. (“the company”), a value-added distributor of fasteners and MRO products serving a diverse range of end markets. MPE’s investment positions Mid-States for accelerated growth while supporting the company as an employer of choice and a strategic partner for its customers.
MPE partnered in the transaction with the Somers family, who founded Mid-States more than 50 years ago.
Scott Somers, president of Mid-States, said, “On behalf of my family, we are excited to partner with MPE. Since my father’s founding of the business over 50 years ago, Mid-States has continued to drive success through our dedication to excellent customer service. We are excited to work with the MPE team to maintain this tradition while pursuing the company’s next phase of growth.”
Founded in 1973, with seven branches throughout Michigan and additional branches in OH, WI, and NC, Mid-States is a value-added distributor of fasteners and MRO products serving a diverse range of end markets. In addition to its 10 branches, it operates numerous cribs co-located in customer facilities throughout the U.S. Within its fasteners segment, the company sells hex caps, bolts, screws, socket products, and a wide range of other fasteners.
“The Somers family has built Mid-States into a world-class distributor over the past several decades, and has exciting growth planned,” said Nick Stender, Principal at MPE. “We look forward to helping Mid-States accelerate its growth while maintaining the culture and tradition of excellence that has made the company so successful to date.”
Filed Under: Fastening + joining, Fastener industry news