Contrast Equipment News & Updates

Midway Industrial Supply Acquires Contrast Equipment Company.

2014-12-12T11:03:00.000-06:00

Midway Bolster’s Regional Footprint with Acquisition of Missouri-Based Spray Finishing Systems Integrator.

Minneapolis, MN, December 12, 2014 – Midway Industrial Supply, Inc. (www.midwayis.com), a leading Midwestern distributor of fluid handling and spray finishing systems and equipment, today announced the acquisition of Contrast Equipment Company.

Contrast Equipment, a finishing equipment systems integrator based in Kansas City, MO, gives Midway a key strategic partner and expanded market share in the lower Midwest. The company provides in-house paint system design engineering, customer laboratory testing and full service paint finishing systems and products to manufacturing customers in Missouri, Kansas and surrounding states.

“Contrast’s reputation as a solutions-driven, liquid and powder coating system integrator, coupled with their excellent customer relationships, will enhance our company’s growth and allow us to expand into new markets,” said Patrick Hoolihan, President and CEO of Midway Industrial Supply.

Midway distributes liquid and powder electrostatic and conventional spray finishing systems and equipment for manufacturing clients across the country. Key product lines include Graco, Binks, DeVilbiss, Nordson, Ransburg and Global Finishing Systems.

The acquisition also gives Contrast the resources to grow into a larger regional player. “The decision to sell Contrast to Midway made strategic sense to our customers and employees,” said Bob Borman, Owner and President of Contrast Equipment. “The synergies created by this acquisition provide both companies with expanded business opportunities.”

Midway’s acquisition of Contrast will have little impact upon either company’s existing structure or day-to-day operations. Contrast’s employees and management team will continue to manage the operation while working closely with Midway in the integration of the two companies. Contrast will remain at its current Kansas City facility and Midway shall remain in the Twin Cities, at its existing Mounds View, MN location.

Contrast Equipment will operate as a wholly-owned subsidiary of Midway under the name Contrast Equipment, Incorporated. Midway Industrial Supply, Inc. is owned by Generation Growth Capital (GGC), a private equity fund based in Milwaukee, WI, that invests in small businesses. GGC and Midway remain focused on continuing the strategic growth and expansion of the Midway platform.

Senior financing was provided by Anchor Bank. Terms of the transaction were not disclosed.

About Midway Industrial Supply
Midway Industrial Supply has been a leading distributor of fluid handling and spray finishing systems and equipment in the upper Midwest since 1955. The company, which is based in Minneapolis, MN, provides custom engineered solutions and product lines such as Graco, Binks, DeVilbiss, Nordson, Ransburg and Global Finishing spray booth systems. For more information, visit www.midwayis.com.

About Contrast Equipment
Contrast Equipment Company is a finishing equipment system integrator based in Kansas City, MO. The company was founded in 1923 and provides in-house paint system design and full service integrated systems utilizing their distributed product lines which include Nordson, Graco, Finishing Brands, Exel-Kremlin and Kayco Spray Booth systems. Learn more at www.contrastequipment.com.

About Generation Growth Capital Fund II, LP
Generation Growth Capital Fund II, LP is a Milwaukee-based private equity firm focusing on investments in small businesses to support ownership transition and growth opportunities. GGC recognizes the unique challenges and opportunities associated with small company investing. By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest. Please visit www.generationgrowth.com for more information.

Contacts

On behalf of Midway Industrial Supply:

Patrick Hoolihan, President and CEO
Midway Industrial Supply
patrickhoolihan@midwayis.com | (763) 792-7135

On behalf of Generation Growth Capital Fund II, LP:

John Reinke, Managing Director
Generation Growth Capital, Inc.
jreinke@generationgrowth.com | (414) 291-8915

Contrast Equipment Company Facility Tour

2014-05-12T15:17:00.000-05:00

Contrast Equipment Company Facility Tour

Follow the link below to view our facility, meet our employees, and see what all we have to offer.

https://www.youtube.com/watch?v=9fVpyj2-OQE

Preowned Kremlin 10.14 System on a stand

2014-05-09T09:50:00.001-05:00

Preowned Kremlin 10.14 System on a stand with KMX 3 gun and 50' hose set. Call 816-241-2412 for pricing.

Preowned Paint Booth for Sale

2013-06-10T13:41:00.001-05:00

PREOWNED INDUSTRIAL PAINT BOOTH

8' TALL x 20' WIDE x 10' DEEP

FEATURES INCLUDE:

*Differential pressure gauge

*Control Panel

*Two tank fusible link fire suppression system

*Blower and motor

*Exhaust duct with 90deg. turn & wall shutter

*(8) 4-bulb light fixtures

*16-gauge galvanized steel bolt togethe panels

Contrast Equipment Co. Celebrates 90th Anniversary

2013-05-06T14:33:00.001-05:00

Thank you to our customers and suppliers joining us in 90 years of providing excellent products and customer service.

We started in 1923, manufacturing paint for automotive and industrial customers. We have since evolved to offer equipment and systems for paint application (liquid & powder), adhesives, fiberglass and fluid handling. Full engineering, design and installation services are offered for these systems.

Our product lines include, but aren’t limited to: conveyors, air cleaning, powder coating, distillation, hot melt, sprayers / spray guns, mixing & dispensing, fiberglass, spray booths, ovens, washers & cleaners, and pumps.

Speaking of our 90 years of operation Bob Borman said, “You have to have a passion for your work and to have great people to be successful. Good planning and flexibility are also key. Some of our projects take years to develop.”

Thank you again for being part of the Contrast Equipment Co. extended family, we look forward to many more years of continued service.

Now Hiring Route Sales Representative

2013-03-08T16:25:00.003-06:00

We are looking for a self-motivated sales professional to service existing accounts and grow new business in Missouri & Kansas through our Van Sales Program. We are a well recognized distributor of industrial painting & coating equipment. Candidate will assist with start-up and troubleshooting, maintain an inventory, deliver equipment, pick-up and deliver equipment thru our service department, provide weekly reports to management.

We offer a competitive compensation package, base wage, commission and incentives based on growth. Paid holidays. Vacation. Company vehicle, office space, computer, and cell phone. 401K. Professional development training.

Sales experience is preferred but not required. Self-starter. Strong work ethic. Must be able to lift and/or move up to 50 lbs. 21 years of age of older. Valid driver's license. Good driving record. Pass background & drug testing.

COMPENSATION: $10-$12 HOURLY PLUS COMMISSION & INCENTIVES

Graco's New Electrostatic Guns

2013-01-23T12:40:00.000-06:00

Contrast Equipment Company is Proud to Introduce…

Graco Pro Xp Air Assist & Air Spray Electrostatic Guns

•Built-In Dependability

•Increased Productivity

•Maximized Profits

Call to schedule your personal demonstration and find out how to make Graco Electrostatic Equipment work for you.

Dear Valued Customer,

We’re sure you will be impressed by the excellent finish quality. The Pro Xp is a standout piece of equipment.

You will learn how this system will keep you running longer while spraying more with less and allowing you to save money. The Graco Electrostatic System reduces muscle strain and fatigue of operators.

Call to schedule your demonstration today.

Sincerely,
Contrast Equipment Company Team

State-of-the-Art demo & test lab

2012-10-24T13:59:00.000-05:00

Please stop by or call to schedule your appointment to view our newly remodeled demo and test lab. See how your company will benefit from testing your parts & products in our facility. Call today 816-241-2412.