MINNEAPOLIS--(BUSINESS WIRE)--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, spray finishing equipment, accessories, and consumables, announced today that Patrick Hoolihan has joined the company as President & CEO.
Hoolihan succeeds Gregg Lien, the former owner and prior President & CEO of MIS. Lien will continue to be involved in MIS and will focus on strategic growth projects, and providing counsel to 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 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.”
“I believe Patrick will serve Midway well. He comes with a great background and skill-set needed to further grow the business,” remarked Lien. "Midway saw record growth in 2013, followed by a record 1st quarter in 2014."
“Midway has a very strong presence in its markets and Lien and the management team did a great job of building a first-class company. I look forward to working with our team to build on Midway’s success,” said Hoolihan.
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 multitudes of diverse products, integrated systems and services throughout the Americas, Europe and Asia. Prior to joining MIS, Hoolihan was 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.
For more information about MIS, visit www.midwayis.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 growth opportunities. Visit www.generationgrowth.com for more information.