JZ, Edgewater-backed ISS Acquires Midwest Valve Parts
April 27, 2015
Industrial Services Solutions, a company backed by firms including JZ Capital Partners and The Edgewater Funds, has acquired Midwest Valve Parts. MVP is an independent supplier of replacement parts for valves, actuators and related equipment to valve remanufacturers and direct to end users. The deal was funded with $3.8 million in third party debt and a $500,000 subordinated seller note. JZCP now owns approximately 34% of the combined entity.