Midway Industrial Supply Acquires Contrast Equipment Company
Contrast Equipment is a finishing equipment systems integrator based in Kansas City, MO. The acquisition gives Midway a key strategic partner and expanded market share in the lower Midwest. The company provides in-house paint system design engineering, customer laboratory testing and full-service paint finishing systems and products to manufacturing customers in Missouri, Kansas and surrounding states.
Midway distributes liquid and powder electrostatic and conventional spray finishing systems and equipment for manufacturing clients across the country. Key product lines include Graco, Binks, DeVilbiss, Nordson, Ransburg and Global Finishing Systems.
Midway’s acquisition of Contrast will have little impact on either company’s existing structure or day-to-day operations. Contrast’s employees and management team will continue to manage the operation while working closely with Midway in the integration of the two companies. Contrast will remain at its current Kansas City facility, and Midway will remain in the Twin Cities, at its existing Mounds View, MN, location.
Contrast Equipment will operate as a wholly-owned subsidiary of Midway under the name Contrast Equipment Inc. Midway Industrial Supply Inc. is owned by Generation Growth Capital (GGC), a private equity fund based in Milwaukee, WI, that invests in small businesses.