MiddleGround Capital Adds Advantage Metal Products to Megatech Platform

MiddleGround Capital Acquires Megatech from Alfar Capital

February 8, 2023

Manufacturing

MiddleGround Capital has acquired Megatech, a Quebec City–based precision CNC machining and digital manufacturing company, from Alfar Capital. MiddleGround plans to build Megatech into a larger digital manufacturing platform through organic investment and add-on acquisitions while maintaining the company’s precision machining capabilities; Stifel acted as exclusive financial advisor to Megatech and Fasken served as legal counsel to Alfar Capital.

MiddleGround Capital Acquires Supra Alloys and EDGE International (Add-ons to Banner Industries)

June 2, 2020

Industrial Services

MiddleGround Capital completed the acquisition of Supra Alloys and EDGE International from Titan Metal Fabricators and will combine both businesses with Banner Industries, a MiddleGround portfolio company. The purchases expand Banner’s scale, product capabilities and geographic reach in medical and aerospace end markets through complementary value‑added metal distribution and processing capabilities.

Alfar Capital Acquires Megatech

November 19, 2019

Manufacturing

Alfar Capital has acquired Megatech, a Quebec City–based precision machining firm founded in 1992 that specializes in prototyping small, high-precision parts for optics, bionics, aerospace and military customers. The acquisition strengthens Alfar Capital’s position in advanced manufacturing and provides Megatech with additional financial and strategic support to continue growth and innovation.

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.

Van Becelaere Machine Works (MGP) Acquires Superior Metal Products as Add-on

September 28, 2021

Manufacturing

Van Becelaere Machine Works, a portfolio company of Midwest Growth Partners, completed an add-on acquisition of Superior Metal Products, Inc., a precision machining business based in Omaha, Nebraska. The deal expands Van Becelaere's precision machining platform—broadening capabilities, capacity and Midwest presence—while SMP's owners remain invested and will continue to lead operations.

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.