Canadian Shield Capital & Management Acquire Midland Appliance Ltd from Ironbridge Equity Partners

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.

Midfed Acquisition Corp. Acquires Midland Capital Holdings Corporation (Midland Federal)

September 20, 2024

Financial Services

Midfed Acquisition Corp., led by bank executives and investors, has acquired Midland Capital Holdings Corporation, the holding company of Midland Federal Savings and Loan Association, in a transaction that paid $31.65 per share and resulted in MCPH delisting from the OTC Pink Market. The deal gives the new owners control of Midland Federal’s four Illinois branches and is intended to expand product offerings, enhance technology and improve community convenience for the bank’s customers.

Midland Industries Acquires Cerro Brass

July 31, 2025

Industrial Services

Midland Industries, a portfolio company of Gemspring Capital, has acquired Cerro Brass from Cerro Flow Products (a Marmon Holdings subsidiary). The deal expands Midland's brass product offering and strengthens its supply chain and distribution capabilities to better serve residential, commercial, and industrial customers nationwide.

The Marygold Companies Acquires 7.95% Stake in Midland Capital Holdings Corporation

October 24, 2024

Financial Services

The Marygold Companies, Inc. (NYSE American: MGLD) purchased a 7.95% ownership position in Delaware-based Midland Capital Holdings Corporation (MCHC) for $1.8 million, and also received warrants to buy additional shares. MCHC's principal operating entity is Midland Federal Savings and Loan Association, headquartered in Bridgeview, Illinois; Marygold says the investment supports its strategy of expanding in financial services/fintech and will help enhance the bank's offerings and technology.

The Middleby Corporation Acquires Imperial Commercial Cooking Equipment

September 24, 2021

Manufacturing

The Middleby Corporation (NASDAQ: MIDD) has acquired Imperial Commercial Cooking Equipment, a Corona, California-based manufacturer of commercial ranges, fryers, ovens and countertop equipment with approximately $40 million in annual revenue. The deal expands Middleby’s core cooking portfolio, enhances manufacturing capabilities, and broadens the company’s West Coast footprint and service to fast-casual and chain restaurant customers.

Ironbridge Equity Partners Acquires Controlling Interest in Handi Foods Ltd.

September 8, 2022

Manufacturing

Toronto-based private equity firm Ironbridge Equity Partners, together with Handi Foods' management, has acquired a controlling interest in Handi Foods Ltd., the largest private-label manufacturer of pita snacks in North America. Ironbridge said it will work with management to support the company's next chapter of growth, leveraging added capital and operational expertise to expand production and customer reach.