Midway Industrial Supply Hires Patrick Hoolihan as President & CEO
FOR IMMEDIATE RELEASE
Minneapolis, MN – April 25, 2014 Midway Industrial Supply, Inc. (“MIS”), a portfolio company of Generation Growth Capital Fund II, LP (GGC) and a value-added distributor and systems integrator of fluid handling and spray finishing equipment, accessories, and consumables, announced today that Patrick Hoolihan has joined the company as President & CEO.
Mr. Hoolihan succeeds Gregg Lien, the former owner and prior President & CEO of MIS. Mr. Lien will continue to be involved in MIS where he will focus on strategic growth projects, and providing advice and counsel to Mr. Hoolihan and the Board of Directors. The rest of the existing management team will continue operating the business.
Cory Nettles, a Managing Director of Generation Growth Capital, added, “We are excited that Patrick is joining Midway and also happy that Gregg, whose years of invaluable experience with the company and the industry, will continue to serve the company. Patrick’s wealth of experience in sales and marketing of equipment and integrated systems makes him a great fit for MIS. We believe his drive for growth will help lead MIS to the next level.”
“While stepping away from the company is difficult after managing it for over three decades, I look forward to continuing to help Midway excel. I believe Patrick will serve Midway well. He comes with a great background and skill-set needed to further grow the business,” remarked Mr. Lien. "Patrick arrives at a time of strong growth at Midway. Midway saw record growth in 2013, followed by a record 1st quarter in 2014", said Lien.
“Midway has a very strong presence in its markets and Mr. Lien and the management team did a great job of building a first class company. I look forward to working with our very strong team to build onMidway’s success,” remarked Mr. Hoolihan.
Mr. Hoolihan is a results driven executive leader with demonstrated success in developing, organizing and managing international and domestic high performance teams. He has strong management experience working at executive levels promoting and selling a multitude of diverse products, integrated systems and services throughout the Americas, Europe and Asia. Prior to joining MIS, Mr. Hoolihan was the President of ASTRA Global LLC, a global sales and marketing consulting and direct sales representation firm. Prior to that, he was a Director at FANUC Robotics America and a Vice President at ABB Inc.
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 growth opportunities. Generation Growth Capital funds have investments in ten portfolio companies. Please visit www.generationgrowth.com for more information.
About Midway Industrial Supply, Inc.
Midway Industrial Supply, Inc. is a regionally dominant value-added distributor and systems integrator of fluid handling and spray finishing equipment, accessories, and consumables. Customers are spread across a number of industries including transportation equipment, agricultural equipment, energy, food and beverage, and building products. Please visit www.midwayis.com for more information.