Pipe, valve and fittings supplier Midland Industries has acquired New York City-based distributor Trading Services International, company officials announced Wednesday.
TSI, Midland officials said, is a value-added distributor of fittings, valves, coils and other components that primarily serves the HVAC market — especially providing “difficult-to-source” aluminum, copper and brass products.
Midland officials said the deal would bolster its presence in “attractive end markets,” as well as expand its product portfolio and enhance its position within OEM channels. Terms of the deal were not disclosed.
"TSI has built highly differentiated, longstanding customer relationships, supported by a strong reputation for quality and exceptional service," Midland Executive Chairman Fabian de Armas said in a statement. "We are excited to welcome the TSI team to Midland.”
"Midland's complementary portfolio, scale and operational resources will enhance our capabilities while preserving the service-first approach that has defined TSI,” added TSI CEO Joel Darr.
