MiddleGround Capital Acquires SixAxis

SixAxis (Falfurrias) Acquires Upside Innovations

June 2, 2021

Building Products

SixAxis LLC, a portfolio company of Falfurrias Capital Partners, has acquired Upside Innovations as an add-on to expand its safety and accessibility product offerings. Upside Innovations will remain headquartered in West Chester, Ohio with founder Kevin Sharp staying on as president, and will complement SixAxis’s modular manufacturing and safety product portfolio to pursue growth opportunities.

MiddleGround Capital Acquires Alco Manufacturing Corporation

January 4, 2019

Manufacturing

MiddleGround Capital announced its formation and closed its first transaction with the acquisition of Alco Manufacturing Corporation, a precision manufacturer of hydraulic connectors and fittings. MiddleGround said it will apply its lean manufacturing and operational expertise to drive efficiency and support Alco's long-term growth across its Midwest facilities.

MiddleGround Capital Acquires IT8

March 7, 2024

Engineering Services

MiddleGround Capital, an operationally focused private equity firm, has completed the acquisition of IT8, a Valencia, Spain–headquartered engineering services company specializing in mechanical, electrical, PLC/robot programming, and installation services for line automation and BIW welding lines. MiddleGround plans to leverage IT8's technical capabilities to expand service offerings beyond automotive into intra-logistics, commercial vehicles and aerospace, and to support demand from electrification and other mobility trends.

MiddleGround Capital Acquires HLC

September 20, 2022

Logistics & Distribution

MiddleGround Capital, a Lexington, Kentucky-based private equity firm, has acquired HLC, Inc., a North American distributor of bicycle parts and accessories headquartered in Lévis, Quebec (with operations in the U.S.). MiddleGround intends to grow HLC as a platform business by expanding geographic reach and investing in technology and infrastructure while HLC's president Pat McGinnis remains in day-to-day control.

MiddleGround Capital Acquires Dura Automotive Systems

May 5, 2020

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Dura Automotive Systems from Bardin Hill Investment Partners. The private equity firm plans to support Dura's growth as a platform to capitalize on automotive trends including electrification, lightweighting and advanced driver-assistance systems (ADAS).

MiddleGround Capital Acquires Arrow Tru-Line, Inc.

September 21, 2021

Building Products

MiddleGround Capital, a Lexington-based private equity firm, has acquired Arrow Tru-Line, a North American manufacturer and supplier of overhead garage door hardware components headquartered in Archbold, Ohio. The seller was an affiliate of Sun Capital Partners; Arrow Tru-Line will serve as a platform investment for MiddleGround to support growth in the building products/garage door market.