The Marygold Companies Acquires 7.95% Stake in Midland Capital Holdings Corporation

Midfed Acquisition Corp. Acquires Midland Capital Holdings Corporation (Midland Federal)

September 20, 2024

Financial Services

Midfed Acquisition Corp., led by bank executives and investors, has acquired Midland Capital Holdings Corporation, the holding company of Midland Federal Savings and Loan Association, in a transaction that paid $31.65 per share and resulted in MCPH delisting from the OTC Pink Market. The deal gives the new owners control of Midland Federal’s four Illinois branches and is intended to expand product offerings, enhance technology and improve community convenience for the bank’s customers.

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.

The Marygold Companies Acquires Tiger Financial & Asset Management Limited

June 21, 2022

Financial Services

The Marygold Companies, Inc. (through its subsidiary Marygold & Co. (UK) Limited) completed the acquisition of U.K.-based investment adviser Tiger Financial & Asset Management Limited for £1.5 million in cash plus net current assets (~£863,977), for an aggregate consideration of approximately US$3.0 million. The deal gives Marygold an initial U.K. regulatory foothold and approximately £42 million in assets under advice; Tiger founder Keith Halford and his team will remain with the business.

Main Street Capital Recapitalizes Midwestern Dental Service Organization

February 20, 2024

Dental

Main Street Capital Corporation invested $12.8 million in a recapitalization of a leading, multi-location urgent and general care dental service organization based in the Midwestern United States. The investment, made as a combination of first-lien senior secured term debt and a direct equity investment, was completed alongside an unnamed co-investor and in partnership with the Company's founder and a private investment group.

MiddleGround Capital Acquires A.M. Castle & Co. and Combines It with Banner Industries

June 15, 2023

Industrial Services

MiddleGround Capital has acquired A.M. Castle & Co. (Castle Metals) and, via a $440 million continuation vehicle (MiddleGround Carbon CV, L.P.), combined Castle with its Banner Industries platform to create a larger specialty metals distribution and processing platform. The transaction brings Castle's global metals processing and distribution footprint together with Banner's precision bar and medical metals capabilities to expand capabilities, geographic reach and end-market exposure in aerospace, industrial and medical sectors.

Modern Wealth Management Acquires Midwest Financial

September 5, 2023

Wealth Management

Modern Wealth Management, a national RIA backed by Crestview Partners, has acquired the assets of Midwest Financial of Glidden, Iowa. The transaction is an add-on to Modern Wealth's platform intended to expand service offerings, accelerate organic growth, and integrate Midwest Financial into Modern Wealth's centralized planning and tax capabilities.