Gemspring Capital financing for Midland Industries acquisition
We advised the left lead arranger, administrative agent and lead lender on the acquisition financing
Davis Polk advised the left lead arranger, administrative agent and lead lender in connection with the senior secured credit facilities provided to an affiliate of Gemspring Capital in connection with the acquisition of Midland Industries and its affiliates (collectively, “Midland Industries”) from Wynnchurch Capital.
Gemspring Capital, a private equity firm with $3.4 billion of capital under management, provides flexible capital solutions to middle market companies.
Headquartered in Kansas City, Missouri, Midland Industries is a leading distributor of fittings, valves, clamps and related products and accessories to a variety of industrial end markets.
The Davis Polk finance team included partner Nicholas A. Palumbo, counsel Zachary R. Frimet and Randy Dorf and associates Bryan Mendiola and Matthew J. Wiener. Counsel Leslie J. Altus provided tax advice. All members of the Davis Polk team are based in the New York office.