Midland Industries is continuing its acquisition run.
The Kansas City-based pipe, valve and fittings master distributor has acquired Pegasus Supply Group, marking its third acquisition of 2026.
The transaction closed September 1 and was reported September 4.
Financial terms were not disclosed.
What Pegasus Adds
Indiana-based Pegasus supplies industrial and electronic connection products including:
- Cable ties
- Wire harnesses
- Heat-shrink products
- Maintenance and repair products
The company also provides engineering support, cable and wire-harness assembly, custom cutting and marking.
Its customers span industrial and commercial markets in the U.S. and Canada.
Midland Is Building a Broader Supplier
Midland has traditionally been associated with pipe, valves, fittings and related products.
Its recent acquisition strategy has progressively expanded the range of products and services under the same platform.
That is relevant to mechanical contractors because distributors increasingly want to supply more of the job rather than one narrow product category.
Why Value-Added Services Matter
The interesting part of Pegasus is not simply the inventory.
It also performs assembly and technical work.
Large distributors increasingly value these capabilities because they make the relationship harder to replace.
A supplier that simply ships a component competes heavily on price.
A supplier that modifies, assembles and provides engineering assistance becomes more embedded in the customer's operation.
Contractor Takeaway
Midland's acquisition is another example of consolidation below the headline equipment level.
The HVAC and mechanical supply chain includes thousands of products that rarely receive much attention individually.
But the companies controlling them are getting larger.
Midland's third deal of the year shows that consolidation is continuing all the way down to the connections holding mechanical and industrial systems together.
