Midland Industries, a portfolio company of Gemspring Capital, announced it has acquired Trading Services International, strengthening its product portfolio and expanding its presence in HVAC and OEM markets. Financial terms of the transaction were not disclosed.
Founded in 1988, Trading Services International is a value-added distributor of fittings, valves, coils, and specialized components, primarily serving the heating, ventilation, air conditioning, and refrigeration sectors. The company is known for sourcing hard-to-find aluminum, copper, and brass products and maintaining long-standing relationships with OEM customers through a global supply chain network.
The acquisition enhances Midland’s capabilities by broadening its product offerings and reinforcing its position within key end markets. TSI’s technical expertise and differentiated sourcing capabilities are expected to complement Midland’s existing platform, enabling the combined company to deliver more comprehensive solutions and improved service to customers.
The transaction also strengthens Midland’s global sourcing network and supports its strategy of expanding value-added distribution services across industrial and HVAC segments.
KEY QUOTES:
“TSI has built highly differentiated, longstanding customer relationships, supported by a strong reputation for quality and exceptional service. We are excited to welcome the TSI team to Midland. This acquisition expands our product breadth, enhances our global sourcing capabilities, and positions us to deliver an even more comprehensive offering to both new and existing customers.”
Fabian de Armas, Executive Chairman, Midland Industries
“We are excited to join the Midland platform and believe the combination creates meaningful growth opportunities for our customers and suppliers. Midland’s complementary portfolio, scale, and operational resources will enhance our capabilities while preserving the service-first approach that has defined TSI.”
Joel Darr, Chief Executive Officer, Trading Services International
