Industry News: May 2019

Here's a quick roundup of recent industry news. Track the industry's movers and shakers, learn about company acquisitions, get the skinny on new products and more.

Wynnchurch Capital’s industrial platform rebrands as Midland Industries
Wynnchurch Capital announced it has rebranded its industrial distribution platform as Midland Industries. The platform is comprised of Anderson Metals, Midland Metal, Buchanan Rubber and Mid-America Fittings. Midland Industries distributes and manufactures valves, fittings, hoses, couplings and related products. “The new name helps us better communicate our culture and broad set of capabilities to our customers,” says Vince Hodes, CEO of Midland Industries. “The new brand reflects the company’s commitment to a unified strategy, and we’re very bullish about the growth opportunities ahead.”


Electric Eel celebrating its 80th year
Electric Eel, based in Springfield, Ohio, since 1939, is celebrating its 80th year as a manufacturer of quality drain and sewer cleaning equipment. Electric Eel’s current product line includes a wide range of electric and gas-powered sectional drain cleaning machines, drum-style machines, high-pressure water jetters and pipeline inspection camera systems and locators.


MyTana Mfg. releases employee handbook template
MyTana Mfg. released an employee handbook template. The free resource provides explanations, instructions and sample text to help plumbing and drain cleaning business owners clarify policies and avoid legal problems. A free copy of the template can be downloaded at inbound.mytana.com/employee-handbook-template.


ONICON Measurement Solutions announces acquisition 
ONICON Measurement Solutions announced it has been acquired by the TASI Group. The TASI Group is a privately owned industrial business focused on test, measurement, inspection, and assembly instruments and equipment. All ONICON Measurement Solutions business units, including ONICON, Air Monitor, Fox Thermal, Seametrics, Greyline and Pulsar Process Measurement, are included in the transaction.

The ONICON Measurement Solutions companies will become part of the existing TASI Flow Group of companies, which are currently comprised of AW-Lake Co., Exact Dispensing Systems, KEM GmbH, Litre Meter, SignalFire Wireless Telemetry, and Vogtlin Instruments. John Norris, current president of ONICON Measurement Solutions, was named president of the TASI Flow Group and will report to John McKenna, TASI Group president and CEO.


NLB opens new branch in Louisiana
NLB announced the opening of a new rental and service office in Sulphur, Louisiana. The branch facility, located at 3473 S. Beglis Parkway in Sulphur, offers waterjetting customers a second Louisiana location to meet the needs of NLB’s growing customer base in the southwest Louisiana area. The branch will offer experienced sales and service to high-pressure waterjetting users in addition to the rental of water jet pumps and accessories and an inventory of NLB replacement parts.


Waterline Renewal Technologies acquired by Behrman Capital
Waterline Renewal Technologies was acquired by Behrman Capital, a private equity investment firm based in New York and San Francisco. WRT was formerly a division of Triwater Holdings. WRT has a line of products and technologies offered through each of its brands — AP/M Permaform, ConShield Technologies, LMK Technologies and Perma-Liner Industries — that allow its customers to deliver solutions that repair sewer systems and wastewater lines without excavation or property damage and that prevent overflows created by excess inflow and infiltration of groundwater into wastewater systems.


Legacy Building Solutions adds design and project consultant
Legacy Building Solutions announced Pat Hamilton joined the organization as a design and project consultant for the military industry. Hamilton comes to Legacy Building Solutions with 18 years' tactical sales experience in military and public sector services. In his new role, he will work with customers in the military sector to provide them with engineered fabric structures on a rigid steel frame.



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