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CenterGate Exits Mid-State in Sale to ONCAP

  • CenterGate Capital has completed the sale of Mid-State Industrial Maintenance to ONCAP, the private equity arm of Onex Corporation.
  • Mid-State Industrial Maintenance offers industrial maintenance, repair, and overhaul services to various sectors and was founded in 1973 in Florida.
  • During CenterGate's ownership, Mid-State underwent significant growth, expanded service lines, and made strategic acquisitions.
  • CenterGate Capital, investing in lower middle-market companies, closed its second fund with over $375 million in capital in August 2024.

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