Articles from MiddleGround Capital

LEXINGTON, Ky., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Ventrifossa BidCo AG (the “Bidder”), a holding company controlled by MiddleGround Capital (“MiddleGround”), a Lexington-based private equity firm, today announced the completion of its voluntary public takeover offer (“Takeover Offer”) of STEMMER IMAGING AG (“STEMMER” or the “Company”) (ISIN DE000A2G9MZ9 / GSIN A2G9MZ), a leading provider of machine and artificial vision solutions.

THIS ANNOUNCEMENT IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED BY APPLICABLE LAW.

THIS ANNOUNCEMENT IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED BY APPLICABLE LAW.

In a release issued under the same headline earlier today by MiddleGround Capital, please note in the second bullet of the subheadline, the date of the Acceptance Period has been corrected to September 30, 2024. The corrected release follows:

THIS ANNOUNCEMENT IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED BY APPLICABLE LAW.           

MiddleGround’s Europe team completes Mobility Thesis investment in UK-based designer and manufacturer of high-performance electric motors and inverters

THIS ANNOUNCEMENT IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED BY APPLICABLE LAW.

LEXINGTON, Ky., June 11, 2024 (GLOBE NEWSWIRE) -- MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in North American and European headquartered middle market B2B industrial and specialty distribution companies, today announced it has acquired GMS Instruments (“GMS”), a Netherlands-based supplier of measurement, regulation, and control instruments for the maritime and offshore industry. GMS will be integrated into MiddleGround’s portfolio platform PVI Holdings, specifically as part of W&O Supply that is a leading supplier of valves, pipes, and fittings to the global maritime industry.

Acquisition will Drive Growth and Enhance Product Offerings

LEXINGTON, Ky., March 07, 2024 (GLOBE NEWSWIRE) -- MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American and European headquartered middle market B2B industrial and specialty distribution companies, today announced that it has acquired IT8 (“the Company''), a leading independent engineering services company offering mechanical, electrical, programming, and construction services.

Financial Backing to Solidify Industry-Leading Market Position for Newly Combined Company

LEXINGTON, Ky., Oct. 10, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital, a Lexington, Kentucky-based operationally focused private equity firm that makes control investments in lower middle market industrial B2B and specialty distribution companies in North America and Europe, today announced that Christopher Speight has joined Middleground Capital as a Partner. Chris will be based in the firm’s Lexington, KY headquarters and initially will assume responsibility for Fund Accounting and Management Company Accounting functions. Previously these Departments reported to MiddleGround’s Managing Partner, John Stewart.

LEXINGTON, Ky. and AMSTERDAM, July 31, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital, an operationally focused private equity firm that makes control investments in middle market B2B industrial and specialty distribution companies globally, today announced that its European office has completed its first platform acquisition with the purchase of Xtrac (“the Company”), the leading manufacturer and supplier of high performance transmissions for top-level professional motorsport and specialist high performance automotive applications.

LEXINGTON, Ky., July 17, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced the sale of its portfolio company EDSCO Fasteners (“EDSCO” or “the Company”) to Commercial Metals Company (NYSECMC) (“CMC”). EDSCO is a market leading manufacturer of mission-critical anchor bolts, fasteners, and specialty-fabricated anchoring products used in critical infrastructure applications.

LEXINGTON, Ky., June 15, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital, an operationally focused private equity firm that makes control investments in middle market manufacturing B2B industrial and specialty distribution companies globally, today announced it has acquired A.M. Castle & Co. (“Castle Metals” or the “Company”), a leading provider of metals, services, and supply chain solutions serving industrial and aerospace customers.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Advantage Metal Products (“AMP” or the “Company”), a provider of high-precision metal products, as an add-on for its Megatech platform

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Megatech (the “Company”), a new digital manufacturing platform investment focused on computerized numerical control (“CNC”) machining of highly-complex, highly-precise, low volume engineered parts.

MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in middle market B2B industrial and specialty distribution companies, today announced the launch of its European office, alongside hires to lead the new office, as well as several key executive level promotions. The firm’s European strategy launched January 3, 2023, and is based in Amsterdam. Additionally, the promotions are part of MiddleGround’s strategic plan to expand its operating capabilities to meet the growing needs of global investors and portfolio investments.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Dutchland Inc. (“Dutchland”), a leading manufacturer and installer of precast concrete tanks across the water and wastewater treatment market. Dutchland Inc. was represented by BDO Capital Advisors, LLC through the process.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced the acquisition of SixAxis, LLC (“SixAxis” or the “Company”), a market leading provider of highly engineered, compliance-driven safety equipment solutions across diverse end markets.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced that it will serve as the lead sponsor for The 2023 Econ Games Conference, in association with the University of Kentucky’s Gatton College of Business and Economics. The two-day student competition will take place on March 23-24, 2023.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired HLC, Inc. (“HLC”), a leading distributor of bicycle parts and accessories. HLC’s President, Pat McGinnis, will continue to oversee day-to-day operations and its distribution centers across North America.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce it has acquired PVI Holdings (“PVI”).

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition TMG Performance Products (“TMG”) through its platform Race Winning Brands (“RWB”). TMG is a designer, manufacturer and distributor of branded performance exhaust and air intakes for aftermarket automotive and marine enthusiasts.

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition Haltech Engine Management Systems (“Haltech”) through its platform Race Winning Brands (“RWB”). Haltech is a designer, manufacturer, and distributor of automotive aftermarket engine management electronics, focused on performance racing and enthusiast end users.

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of Teale Machine Company (“Teale”) through its portfolio company Alco Manufacturing Corporation (“Alco”). This transaction marks MiddleGround’s third add-on acquisition to its Alco platform since acquiring the company in July 2018.

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of TPT Solutions (“TPT”) by its platform Race Winning Brands (“RWB”). TPT goes to market under three market-leading brands—TransGo, RevMax and Transmission Specialties. The transaction marks MiddleGround’s second add-on acquisition by RWB since the firm acquired the platform in December 2021. Earlier this month, RWB purchased PAC Racing from Peterson American Corporation, adding performance springs to its portfolio.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has received the ‘Top Private Equity Innovator of the Year’ Award by BluWave.

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Race Winning Brands (“RWB”).

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of Kaddis Manufacturing Corporation (“Kaddis”) through its portfolio company Alco Manufacturing Corporation (“Alco”). This transaction marks MiddleGround’s second add-on acquisition to the Alco platform since acquiring the company in July 2018. MiddleGround’s first add-on acquisition to Alco was Manth-Brownell, a precision machine parts manufacturer located in Kirkville, NY, in August 2020.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of National Kwikmetal Services (“NKS”) through its portfolio company Banner Industries (“Banner”). This transaction marks MiddleGround’s third add-on acquisition to the Banner platform since acquiring the company in December 2019. MiddleGround previously combined Supra Alloys (“Supra”) and EDGE International (“Edge”), value-added stocking distributors of metal bar, plate and sheet product, with Banner in June 2020.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of Lindsay Precast, a designer and manufacturer of engineered precast concrete structures for water/wastewater, utility, solar, transportation, and government end markets.

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Plasman Holdings (“Plasman”). Plasman is the third platform investment MiddleGround has made from its Mobility Strategy. Earlier this year, MiddleGround raised over $1 billion across a series of funds, including its $250 million Mobility Opportunity Fund which invests in companies with exposure to key trends identified by MiddleGround that will shape the future of the automotive industry. The four key trends relate to the electrification of the powertrain, vehicle lightweighting, and advancing connected and autonomous vehicle technologies.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of two automotive facilities from Benteler International (“Benteler”) by its portfolio company Shiloh Industries (“Shiloh”). The acquisition is MiddleGround’s first add-on investment to Shiloh, which MiddleGround took private last year. This transaction also marks MiddleGround’s third investment in the automotive industry in the 13 months. Earlier this year, MiddleGround raised its Mobility Opportunity Fund, LP, a vehicle dedicated to investing behind disruptive trends transforming the automotive industry including vehicle lightweighting, electrification of the powertrain, autonomous driving and connected car technologies.

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Arrow Tru-Line, Inc (“Arrow Tru-Line”).

MiddleGround Capital, a Kentucky-based, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, announced it has held final closes on its flagship fund MiddleGround Partners II, LP and a specialty vehicle focused on automotive investments, Mobility Opportunity Fund, LP. Both funds were oversubscribed with strong support from Fund I Investors.

MiddleGround Capital, a Kentucky-headquartered, middle market private equity firm that makes control investments in B2B industrial, manufacturing and distribution businesses, has announced that Justin W. Steil has joined the firm as a Managing Director on the Investment Team. Justin is based in the firm’s New York office and is responsible for sourcing, evaluating and leading investments, as well as supporting the portfolio and helping to set the firm’s strategic direction.

MiddleGround Capital, a Kentucky-headquartered, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, has closed on $736 million in commitments for a series of funds that includes its flagship fund MiddleGround Partners II, LP; MiddleGround Partners II-X, LP; and Mobility Opportunity Fund, LP. MiddleGround has exceeded its target of $550 million for MiddleGround Partners II, launched in January 2021, due to strong demand from incumbent investors. MiddleGround Fund II-X is a parallel co-investment vehicle which will invest alongside Fund II. The Mobility Opportunity Fund is a dedicated overflow vehicle focused on investments in the future trends of the automotive industry including electrification of the powertrain, vehicle light weighting, connected and autonomous vehicles. The firm’s debut fund closed in August 2019 with a total of $459.5 million in commitments.