MiddleGround Capital Acquires Shiloh Industries, Inc.

Shiloh Industries (MiddleGround Capital Portfolio) Acquires Two US Automotive Facilities from Benteler

October 5, 2021

Automotive

Shiloh Industries, a portfolio company of MiddleGround Capital, acquired two automotive manufacturing facilities from Benteler International located in Kalamazoo, Michigan and Goshen, Indiana. The deal is MiddleGround’s first add‑on to Shiloh and expands the platform’s hot forming, hot stamping and welding capabilities to support lightweighting efforts for automotive OEMs.

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 Majority Stake in Helix (Integral Powertrain Ltd.)

July 29, 2024

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Integral Powertrain Ltd. (trading as Helix), a Milton Keynes–based designer and manufacturer of high-performance electric motors, inverters, and integrated drive units. The founding shareholders remain minority owners and MiddleGround plans to scale production, expand Helix's commercial footprint (particularly into the United States), and invest in new product development and manufacturing capacity.

MiddleGround Capital Acquires Plasman Holdings

October 25, 2021

Manufacturing

MiddleGround Capital has acquired Plasman Holdings from Insight Equity, adding a global manufacturer of exterior automotive components to its mobility-focused platform portfolio. Plasman, headquartered in Windsor, Ontario (with additional HQ in Gothenburg, Sweden), provides tooling, injection molding, paint applications and assembly for OEMs across North America and Europe and will support MiddleGround's Mobility Strategy focused on vehicle lightweighting and electrification.

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).