Pegasus Supply Group Acquires Merithian Products Corp.

Midland Industries Acquires Pegasus Supply Group, LLC

September 4, 2026

Manufacturing

Midland Industries, a portfolio company of Gemspring Capital, acquired Pegasus Supply Group, LLC, a supplier and value-added provider of industrial and electronic connection products. The acquisition adds complementary products and capabilities—including wire harness and cable assembly, engineering support, and custom cutting and marking—to Midland's offering.

Meritus Gas Partners Acquires Hohenschild Welders Supply

April 13, 2023

Industrial Services

Meritus Gas Partners, a portfolio company of AEA Investors Small Business Private Equity, has entered into a partnership to acquire Hohenschild Welders Supply, a Kansas City-based distributor of packaged gases and welding supplies. The deal expands Meritus' footprint into the Kansas City market and will enable investment in Hohenschild's capabilities and geographic reach; financial terms were not disclosed.

Cathay Investments Acquires Mercian Logistics

April 12, 2022

Logistics & Distribution

Cathay Investments has acquired Mercian Logistics, a Hereford-based logistics business that provides distribution, storage and fulfilment services across the UK and Europe. The purchase expands Cathay’s logistics portfolio alongside its existing subsidiaries (including Amethyst Group and Warehouse One) and is intended to strengthen the group’s end-to-end fulfilment and delivery capabilities.

The Sterling Group / Fencing Supply Group Acquires Merchants Metals from Atlas Holdings

March 1, 2021

Building Products

The Sterling Group has acquired Merchants Metals from Atlas Holdings, with the business joining Sterling's new platform, Fencing Supply Group. Merchants Metals is a national fence systems distributor and manufacturer with approximately 900 associates, 35 service centers and four manufacturing facilities; terms were not disclosed.

Fencing Supply Group (The Sterling Group) Acquires Merchants Metals

February 26, 2021

Building Products

The Sterling Group formed Fencing Supply Group as a platform to consolidate independent fencing distributors and announced that Fencing Supply Group has acquired Merchants Metals effective February 26. Merchants Metals is a leading U.S. value-added distributor of fence supplies operating 35 branches and four manufacturing facilities across 28 states; the acquisition is the first add-on for the newly formed FSG platform to expand scale and capabilities.

Leggett & Platt Acquires Pegasus Manufacturing

March 15, 2016

Manufacturing

Leggett & Platt Incorporated has acquired Pegasus Manufacturing, Inc., a Middletown, Connecticut-based aerospace manufacturer that produces fabricated tubes, pipe assemblies, precision-machined parts and gears for commercial and military aircraft engines and land-based turbines. Terms were not disclosed; Carter Morse & Mathias served as financial advisor to Leggett & Platt. The acquisition expands Leggett & Platt's Aerospace Products Group capabilities and strengthens its product and market presence in aerospace components.