MIR Completes Acquisition of Atlanta Belting Company

ATLANTA, GA – MIR, a leading value-added supplier of lightweight conveyor belting and related components, is excited to announce the acquisition of another staple business in the belting industry, the Atlanta Belting Company (“ABCo”).

This is MIR’s 5th acquisition in 11 months, adding four additional branches, increasing MIR’s nationwide footprint to 28 total locations.

ABCo provides a wide range of custom belting for multiple industries including food production, recycling, industrial manufacturing, construction, and product handling. Based in Atlanta, GA, ABCo has been a recognized brand in the belting industry for nearly 100 years. ABCo currently operates four full-service facilities throughout the South East United States.

Locations:

  • Atlanta Belting Company – Atlanta, GA
  • Florida Belting Company – Orlando, FL
  • Piedmont Belting Company – Kernersville, NC
  • Tennessee Belting Company – Memphis, TN

“This is a very strategic acquisition for us in the South East and broadens our reach and capabilities in the region,” Brian McSharry, CEO/President stated. “The four branches of Atlanta Belting align to our strategic mission of being close to our customers”.

“We very much welcome all the employees of ABCo to MIR and we wish Ernest and Teresa Key much happiness and good health in retirement.”

Paul Hamilton, COO of ABCo, commented “In MIR we have found a partner that allows our team to join a world class distributor of conveyor belting and associated products who are growing rapidly and for good reason, they are the best in the business.”

Founded in January 1980, MIR (Midwest Industrial Rubber, Inc.) is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 25 full-service sales and fabrication facilities and satellite locations across the United States.

Midwest Industrial Rubber Acquires Jerry Brothers Industries

ST. LOUIS, MO – Midwest Industrial Rubber (MIR), a leading fabricator and distributor of lightweight conveyor belting and related components, has acquired Jerry Brothers Industries (JBI), a distributor of conveyor belting with two locations in Richmond, VA and Charlotte, NC.  Founded in 1905, JBI is one of the industry’s most recognizable brands. 

“We are delighted to welcome Mandy Lushch, Mike Barker and the entire Jerry Brothers team to MIR,” said Brian McSharry, CEO of MIR.  “This strategic acquisition expands both our geographical footprint in the Virginia and North Carolina regions and our capabilities in attractive end markets.  The opportunity to not only leverage Jerry Brothers’ leading position within these markets, but also bring MIR’s product portfolio and group expertise to Jerry Brothers, will allow our customers to further consolidate their purchasing needs.  This acquisition is another significant step in our growth strategy, which calls for us to continue to be as close as we can be to our customers.”

“The JBI team prides itself on providing belting solutions that increase our customers’ profits, and we are excited to be able to offer expanded capabilities as a part of MIR,” said Mandy Lushch, president of Jerry Brothers.  “Additionally, MIR’s culture aligns with our own.  We began as a family business in the early 1900s and have worked hard to maintain that family-owned atmosphere throughout the years.  We believe in investing in our workforce, embracing the creativity of our diverse team, and conducting all business with integrity. MIR shares these same values.  Teaming up with MIR will help JBI fulfill its growth potential in our rapidly expanding marketplace, while maintaining our core values of respect for employees and exemplary customer care.” 

This is MIR’s fourth acquisition in 2018 and adds two new locations, bringing the company’s national footprint to 25 sales and service locations.  

Founded in January 1980, Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

MIR Acquires Van Con Inc., Expanding its Presence into Michigan

ST. LOUIS, MO –Midwest Industrial Rubber (“MIR”), a leading fabricator and distributor of lightweight conveyor belting and related components, has acquired Van Con, Inc. (“Van Con”), a distributor of conveyor belting for the automotive industry based outside of Detroit, Michigan.

“We are delighted to welcome Kerry and all the employees of Van Con to MIR. This strategic acquisition expands our geographical footprint in to the Michigan region and expands our capabilities in the automotive end market. The opportunity to not only leverage Van Con’s leading position within automotive across the MIR network, but also bring MIR’s product portfolio and group expertise to Van Con will allow our customers to further consolidate their purchasing needs. “This is a significant step in our growth strategy of being closer to our customer’,” Brian McSharry, CEO of MIR, said.

Van Con President Kerry McConnell said, “We are very happy to become the latest company to join MIR. We can now expand our capabilities to our customers in the region with access to the wealth of manufacturing and expert resources that MIR has to offer.”

This is MIR’s third acquisition this year. 

Founded in January 1980, Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

Michael Bruhn to Retire as MIR CEO; Brian McSharry Named as Successor

ST. LOUIS, MO – Midwest Industrial Rubber (“MIR”) announces that CEO, Michael Bruhn, is retiring after 19 years with the Company. Michael will continue to serve as a Board member and will also continue to assist the company with strategic business development. “MIR is thankful for Mike’s invaluable leadership and significant contributions,” said Mark Hambacker, President. “Under his leadership, MIR has expanded nationally and enhanced its position as the leading distributor of lightweight belting in the United States.”

As of May 14, Michael will be succeeded as CEO by Brian McSharry. McSharry was previously CEO of RESA Power since 2015. Before joining RESA, he was CEO of Dynatect Manufacturing, Trellborg Offshore and Gamma Holdings. Brian has extensive experience in the belting market having held the position of CEO America’s, Ammeraal Beltech for 4 years. He also brings extensive Private Equity CEO leadership and experience having built and exited two businesses with Audax Private equity group. He will operate from the Chicago branch.

“We are excited that Mr. McSharry has accepted this opportunity with MIR. We look forward to utilizing his management, operations, and acquisition experience as we accelerate our initiative to expand MIR throughout the United States,” said Mark. “Brian’s prior experience in the manufacturing of lightweight belting gives him extensive market knowledge which will allow for a seamless transition.”

Jack Glover, Managing Partner, Incline Equity Partners, echoed Mark’s statements: “I am very pleased to be able to welcome Brian to Midwest Industrial Rubber. Brian has developed an outstanding strategic and operational track record at his prior companies. And like Bruhn, has developed great relationships with its trade customers”.

Founded in January 1980, Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

MIR Completes Acquisition of New England Belting Company

Midwest Industrial Rubber (“MIR”) a leading value-added supplier of lightweight conveyor belting and related components, has acquired New England Belting Company (“NEBCO”).

NEBCO is an independent provider of specialty belts including edge belts, wave solder belts, timing belts and vacuum belts. Based in Berlin, CT, NEBCO has been the trusted brand in the Northeast for belting supplies for over fifty years. We are excited to be a part of the MIR team. As a provider of unique specialty belts we look forward to leveraging MIR’s additional locations and fabrication capabilities across North America. We believe the combined entity will cement our position as the region’s lightweight belting leader,said Gregg Beaty, co-owner.

“This marks the second acquisition since partnering with Incline in 2016,” said Mike Bruhn, CEO of MIR. “An important part of our growth strategy is finding companies to acquire in geographies targeted for expansion. These acquisitions provide quick access to new or underserved markets and strengthens both companies’ ability to serve customers.”

The acquisition gives MIR a stronger presence in the Northeast, allowing the Company to provide more direct fabrication, installation and on-call services to customers in the region. Additionally, the combined entity will have a broader selection of products to offer customers.

“NEBCO is a recognized and respected brand in the industry and will continue to operate as NEBCO, a division of MIR,” said John Morley, Managing Director of Incline. “The acquisition broadens the overall product and service offering, and we are pleased to have the NEBCO owners with us moving forward.”

Founded in January 1980, Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

MIR Completes Acquisition of Conveyor Belting Supply in Minnesota

Minneapolis, MN – Midwest Industrial Rubber (MIR), the nation’s premier independent specialty fabricator and distributor of conveyor belts and conveyor accessories, is pleased to announce the recent acquisition of Conveyor Belting Supply (CBS). As of February 23, 2018, the company and its assets will now operate as MIR, Inc.

Located in Maple Grove, MN, Conveyor Belting Supply was established by Jim Roufs and John Engfer in 2005. “We found that the team at MIR shares our same values: a customer-centric approach based on trust, responsiveness and reliability. Those qualities have been built on a foundation of excellent service, depth of expertise and a willingness to stay until the customer is satisfied,” said Jim Roufs.

The merger continues to expand MIR’s reach and nationwide footprint, as well as the ability to provide a wider array of products, services and resources to its customers. “We are excited to bring the CBS team onboard. Their consistent and unwavering customer dedication will be enhanced by the resources of MIR. This acquisition will also allow MIR to rapidly expand into Minnesota and the Dakotas’” said Mike Bruhn, CEO of MIR.

Founded in January 1980, Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

MIR Continues Expansion into the Pacific Northwest

St. Louis, MO – Midwest Industrial Rubber (“MIR”), the nation’s premier independent specialty fabricator and distributor of lightweight belting and conveyor accessories, is continuing its growth strategy by expanding into the Pacific Northwest. The company has secured a 7,000 square-foot facility in Kent, Washington and has begun servicing local customers. The new facility will provide world-class fabrication and installation services for customers throughout the Washington and Oregon regions.

“With the launch of our new location in Kent, Washington, we can now service our national customers and apply our continuous improvement process and application knowledge across Forestry, Fishing, Paper and Box, Hygiene, and Baking and Snack industries,” said Mark Hambacker, MIR President.

Founded in January 1980, Midwest Industrial Rubber, Inc. (MIR), is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 20 full-service sales and fabrication facilities and satellite locations across the United States.

MIR Upgrades Kansas City Operations, Continues Western Expansion

Kansas City, MO – Midwest Industrial Rubber (“MIR”), the nation’s premier independent specialty fabricator and distributor of lightweight belting and conveyor accessories, is continuing its growth and expansion in the Midwest and out to the West Coast.

MIR recently moved its Kansas City operations from Swift Street in North Kansas City, to Dean’s Downtown business park in the heart of Kansas City. The move increases the company’s operating space from 14,000 square feet to 50,000 square feet. The increase in space will improve the company’s ability to support its continued growth by providing room for more production and fabrication equipment. The location will also function as a centralized fabrication facility to meet increased customer demands. “The creation of this center of excellence is just another example of the commitment we have made to our customers to ensure that MIR delivers quality product ahead of schedule,” Mike Bruhn, CEO said.

The company has also recently expanded their presence on the West Coast, opening a branch office in Orange, CA. The new branch was opened in response to increased market demand and to provide quicker response times for local customers.

“This is an extremely exciting time for the entire MIR organization,” Mike Bruhn said. “As we expand our national footprint, we are positioned to provide world class service to our customers from Coast to Coast.”

Founded in January 1980, Midwest Industrial Rubber, Inc. (MIR), part of Incline Equity Partners, is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company provides value-added products and services through their more than 15 full-service sales and fabrication facilities and satellite locations across the United States.

Incline Equity Partners Invests in Midwest Industrial Rubber, Inc.

Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces the acquisition of Midwest Industrial Rubber, Inc. (“MIR” or the “Company”), a leading value-added supplier of lightweight conveyor belting and related components. Financial terms of the deal were not disclosed.

Founded in 1980 and headquartered in St. Louis, Missouri, MIR specializes in custom design, engineering and fabrication for mission critical belting applications. MIR’s highly differentiated service offering is recognized for its best-in-class quality and superior technical capabilities. The Company has built the industry’s largest domestic network of sales and fabrication facilities, providing market-leading, 24/7 service to customers.

“MIR is a leading provider of conveyor belting with strong design and engineering abilities and an impressive track record of growth,” said Jack Glover, Partner with Incline. “The Company has an expansive service offering across a variety of very stable end markets. We know the conveyor industry well, and we quickly saw the value in MIR’s market position.”

“We were looking for a partner that understood our business and our industry,” said Mike Bruhn, Chief Executive Officer of MIR. “We are well-positioned for multiple avenues of growth. Incline has a history of helping companies like ours prioritize and plan growth initiatives. That experience should allow us to grow faster and expand our national footprint.”

John Morley, Vice President with Incline, added, “We are excited to support the MIR management team in further developing existing locations, opening new locations and leveraging its highly fragmented market to pursue strategic acquisitions.”

This acquisition marks Incline’s tenth transaction in 2016. In addition to adding MIR to the portfolio, Incline closed on new platform companies Premium Franchise Brands and Ned Stevens and has completed several add-on acquisitions: Double E Company acquired Appleton Mfg.; AFC Holdings acquired Eckart and Finard; and Dorner Mfg. acquired Geppert. Incline also completed recapitalizations of Oracle Elevator, BCI Burke LLC, and Bacharach and completed its first exit in the third fund with the successful sale of AmSpec.

About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $30MM to $150MM 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 Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.

About Midwest Industrial Rubber, Inc.:
Midwest Industrial Rubber, Inc. is a privately-owned corporation specializing in the fabrication and distribution of lightweight conveyor belting and industrial conveyor products. The company focuses on providing value-added products and services through its full service sales and fabrication facilities located across the United States.