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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.

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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.

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Incline Equity Partners invests in MIR

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.

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