Midway Industrial Equipment, Inc.

Based in Illinois, US, and founded in 1989, Midway Industrial Equipment is engaged in offering material handling solutions through a range of forklifts. The company has completed one deal, with the most recent dated January 7, 2025, when Wolter, Inc. , a portfolio company of Brown Brothers Harriman, acquired Midway Industrial Equipment, Inc.   Midway Industrial Equipment offers a comprehensive range of forklifts and material handling solutions.

Their core offerings include new Hyundai forklifts, and pre-owned and reconditioned lift trucks from major brands such as Toyota, Yale, Hyster, Crown, Nissan, Unicarriers, Raymond, and Clark. Additionally, they offer industrial batteries, chargers, and general warehouse products. The company targets businesses in warehousing, logistics, and manufacturing, primarily servicing the Chicago area, northern Illinois suburbs, and portions of northwest Indiana.   Midway Industrial Equipment generates revenue through a multi-faceted transaction structure tailored to meet the demands of its B2B clientele.

Their revenue streams are primarily derived from the sale of new and used forklifts, equipment rentals, and service agreements for maintenance and repairs. Clients may purchase new equipment outright or enter financing agreements to spread the cost over time, while also engaging in regular service contracts. The sale of batteries and parts constitutes a significant aspect of their business model, often bundled with equipment sales to enhance customer retention and service continuity. This structured approach fosters long-term partnerships with clients, ensuring a steady flow of revenue through both initial sales and recurring service engagements.