Midland Industries acquires Stainless Adapters Inc.

2022-09-18 06:38:39 By : Ms. Alice Wu

A Halliburton wellhead is visible at a hydraulic fracturing site Monday, June 26, 2017, in Midland. Massive pumps borne on a dozen trucks shook the earth on the outskirts of Midland, blasting a cocktail of water and sand deep underground to break apart dense rock and release a wellspring of oil and gas. ( Steve Gonzales / Houston Chronicle )

Houston-based Stainless Adapters Inc., a supplier of stainless steel hydraulic adapters and pipe fittings, has been acquired by Midland Industries.

SAI supplies products used in the oil and gas, agriculture, automotive, marine and general industrial markets. Michael Baker, CEO of SAI, will join Midland Industries as general manager of Midland’s new Houston distribution center, which is slated to open in the spring of 2020.

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"The acquisition of SAI strengthens our team and product offering, as we continue to build our specialty distribution and manufacturing platform,” Vince Hodes, CEO of Midland, said in an announcement.

Midland Industries is a portfolio company of Wynnchurch Capital, a middle-market private equity investment firm based in the Chicago area. The company is a distributor and manufacturer of fittings, couplings, valves, hoses and related products serving the general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission and original equipment manufacturers end markets.

Katherine Feser covers a variety of subjects for the Houston Chronicle Business section. She coordinates some of the paper's most popular special sections, including the Chronicle 100, Home Price Survey, and Top Workplaces. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions.

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