Business | Midpoint Bearing
Midpoint Bearing co-owned by C.C. Vest is being recognized as a company that has Survived and Thrived. Wells Fargo Bank is the presenting sponsor of Hispanic Lifestyle’s 2014 Business Expo and Conference to be held on August 6, 2014 at the Ontario Airport Hotel and Conference Center. Midpoint Bearing and other Latino Business Owners will be honored during the lunchtime program.
COMPANY UPDATE
EIS Legacy, LLC (“EIS”), a leading value-added distributor of material and supply chain solutions, today announced that it has acquired Midpoint Bearing. This acquisition broadens EIS’s product offering and technical expertise in the apparatus repair industry, as well as increasing their presence in high-growth industries, such as alternative energy and wind. EIS is a portfolio company of Audax Private Equity.
Midpoint Bearing was founded in 1985 by Bill Smullin, Dan & C.C. Vest and is an authorized distribution partner of world class manufacturers such as Garlock, Koyo, NTN, SKF, Schaeffler, Nachi, and many more. Their commitment to providing an exceptional customer experience is recognized throughout the market.
“EIS is proud to welcome Dan Vest and the Midpoint Bearing group to our platform and is excited for the opportunity to deepen our partnership in the apparatus repair market. Midpoint’s leading presence in wind energy bearings accelerates our rapidly growing renewable energy platform, providing industry-leading application expertise. We look forward to learning from each other and continuing to develop the most experienced technical sales team in the market,” said Glenn Pennycook, CEO of EIS.
Dirk Foreman, Chief Commercial Officer of EIS, added, “Midpoint Bearing has established an amazing brand in our industry, built on the same core beliefs and commitments as EIS – dedication to our customers and the support and development of our employees. This is a perfect fit for our companies and an amazing opportunity to grow together.”
C.C. Vest, President of Midpoint Bearing, shared, “I’m incredibly proud of the Midpoint team and the business we’ve created. I know that this group will continue to grow and thrive as a part of the EIS team.”
From their website.
Midpoint Inc., dba Midpoint Bearing, is a California Corporation owned by Cecilia (C.C.) and Dan Vest. Midpoint Inc. is a certified California Minority Business Enterprise owned and managed company meeting the criteria established by the National Minority Development Council.
Established in 1985, Midpoint Bearing is a bearing and power transmission distribution operation headquartered in Ontario, California. Other branch locations include, Converse, TX and Oklahoma City, OK.
Midpoint Bearing belongs to the following Chambers, Associations:
The Ontario Chamber of Commerce
The Corona Chamber of Commerce
The Greater Corona Hispanic Chamber of Commerce
Power Transmission Distributors Association (PTDA).
Electrical Apparatus Service Association (EASA).
Association for Iron and Steel Technology (AIST).
American Wind Energy Association (AWEA)
National Association of Women Business Owners (NAWBO-IE)
Corona Rotary Club
Midpoint Bearing is “ Dedicated to Customer Service through Knowledge, Growth and Quality Products”. Our goal is to provide unequaled service levels to all customers regardless of their size while insuring a safe and comfortable working environment for our employees. Midpoint Bearing is proud to offer over 200 years of combined industry experience. Our employee’s years in the industry range from a low of one year to a high of over 45 years.
