Generational Group Advises Merithian Products in its Sale to Pegasus Supply Group

By Generational Group

08/16/2023

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Merithian Products Corp. to Pegasus Supply Group. The acquisition closed June 30, 2023.

Founded in 1992 and located in Toronto, Ontario, Canada, Merithian Products Corp. (MPC) is a value-added processing and packaging distributor of heat shrinkable tubing, wire management, task lighting, leak detection, and other industrial and automotive service and repair products. The Company is a one-stop shop for maintenance and repair solutions, offering high-quality products to meet a wide range of industry and business needs, including MPC’s flagship product, Thermafix® heat shrinkable tubing.

MPC’s value-added services include custom printing and cutting of its tubing, private label packaging, and custom kits. These processes follow strict UL and CSA certification requirements. In addition, the Company is the Canadian master distributor for Alert® work lights and cord reels, Tracerline® leak detection and diagnostic tools, and Black and Decker/DeWalt 12v automotive products, all of which are sourced to meet Canadian packaging standards and laws.

Pegasus Supply Group (PSG), located in Noblesville, Indiana is one of the largest independent distributors of cable ties, heat shrink, connectors, switches, 12-volt automotive, and other industrial products in North America, and a leading manufacturer of wire harnesses and related products. 

With facilities in the U.S. and Canada, and an office in China, PSG globally sources its products to supply customers in the electrical, electronic, marine, fastener, industrial and aftermarket industries within North America with the highest quality products at the lowest cost available in the market. The Company’s focus across all brands is quality, customer service, support and JIT delivery for building long-lasting partnerships with our customers across all selling channels.

Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director, M&A, Mike Hammer, with the support of Senior Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director Brian Hendershot established the initial relationship with MPC.

“The synergies for these two companies were obvious from the start and the chemistry of the participants was just as good,” said Hammer.