MPE Partners Announces Investment in Mid-States Bolt & Screw Co.
CLEVELAND and BOSTON, Oct. 19, 2023 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced today an investment in Mid-States Bolt & Screw Co. ("Mid-States" or the "Company"), a value-added distributor of fasteners and MRO products serving a diverse range of end markets.
- CLEVELAND and BOSTON, Oct. 19, 2023 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced today an investment in Mid-States Bolt & Screw Co. ("Mid-States" or 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 industry leader, 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.