MIR Sold to AMMEGA

Industrial

MIR, a portfolio company of Incline, sale to AMMEGA, a portfolio company of Partners Group


Summary

Midwest Industrial Rubber, Inc. (“MIR” or the “Company”), a portfolio company of Incline Equity Partners (“Incline”) recently completed its sale to AMMEGA, a portfolio company of Partners Group. Terms of the transaction will not be disclosed.

Baird served as exclusive financial advisor to Midwest Industrial Rubber, Inc. on this transaction.

About

MIR is the leading U.S. fabricator and distributor of lightweight belts with nationwide coverage via its 29 locations and offering 24/7 break-and-fix service to its more than 3,500 client installations in food, agriculture & dairy, hygiene, industrials and carton & paper end markets. MIR is headquartered in St. Louis, Missouri.

Incline Equity Partners is a private equity firm focused on making investments in lower middle-market growth companies across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline is headquartered in Pittsburgh, Pennsylvania.

AMMEGA, the holding company of Ammeraal Beltech and Megadyne, is the global leader in mission critical lightweight process, conveyor and power transmission belting. Ammeraal Beltech manufactures, distributes and maintains lightweight process and conveyor belts for a diverse range of applications covering nearly every major industry. Megadyne develops and manufactures polyurethane and rubber belts for use in power transmission and conveying systems, as well as a range of complementary products such as rubber hoses and metal pulleys.

Partners Group is a global private markets investment manager with $91 billion in assets under management, serving over 900 institutional investors. Headquartered in Baar, Switzerland, Partners Group has more than 1,300 professionals across 20 offices worldwide.
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Industrial

MIR, a portfolio company of Incline, sale to AMMEGA, a portfolio company of Partners Group

Date
February 2020
Company
Midwest Industrial Rubber, Inc.
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Machinery & Equipment
Target Geography
North America
Acquiror Geography
North America

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