Midland Industries expands its industrial flow‑control portfolio by acquiring Pegasus Supply Group, strengthening its position in the fittings and valves market
Executive summary: Midland Industries announced the acquisition of Pegasus Supply Group LLC on September 1, 2026. The deal adds complementary flow‑control products to Midland’s portfolio, potentially increasing cross‑sell opportunities and market share in industrial fittings and valves.
Who is involved: Midland Industries (owned by Gemspring Capital), Pegasus Supply Group LLC, and undisclosed advisors.
Likely next: Integration of the two companies’ operations, realization of cost synergies, and evaluation of further add‑on acquisitions in the same sector.
Midland Industries, a portfolio company of Gemspring Capital, announced on September 1, 2026 that it has acquired Pegasus Supply Group LLC, a supplier of fittings, valves, flow control, hose and related connection products. The acquisition adds complementary product lines to Midland’s existing offerings and broadens its customer base in the industrial supply sector. Financial terms of the deal were not disclosed in the press release.
Timeline
- — Midland Industries Acquires Pegasus Supply Group (PR Newswire)
Sources
- Midland Industries Acquires Pegasus Supply Group — PR Newswire