MiddleGround Capital's Lindsay Precast Acquires Dutchland, Inc.

MiddleGround Capital Acquires Lindsay Precast

November 5, 2021

Infrastructure

MiddleGround Capital, an operationally focused private equity firm, has acquired Lindsay Precast, a designer and manufacturer of engineered precast concrete structures serving water/wastewater, utility, solar, transportation and government end markets. The deal represents MiddleGround's first platform investment in Fund II as it establishes a platform in the infrastructure supply chain and seeks growth opportunities across aged infrastructure, renewable energy, and distributed generation.

TJC, LP Acquires Lindsay Precast from MiddleGround Capital

December 17, 2025

Manufacturing

TJC, LP (formerly The Jordan Company) has completed the acquisition of Lindsay Precast from MiddleGround Capital. Lindsay Precast, headquartered in Gainesville, Florida, is a vertically integrated manufacturer of prefabricated concrete and steel products operating 10 U.S. production facilities that serve government, utility, renewable energy, data center and other infrastructure markets. MiddleGround acquired Lindsay in November 2021 and is exiting after a period of operational investment; financial advisors included Harris Williams and Raymond James for MiddleGround and Citigroup for TJC.

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 Steel-Craft, Hartford Finishing and Capitol Stampings

June 3, 2019

Manufacturing

MiddleGround Capital, a Lexington, Kentucky–based private equity firm, has acquired Steel-Craft Corp., Hartford Finishing, LLC and Capitol Stampings Corp. (divisions of Wendorff Bros. Co., Inc.) to consolidate three complementary outsourced manufacturing businesses headquartered in Hartford, Wisconsin. The acquisition will align the three brands into a vertically integrated manufacturing platform to expand capabilities and better serve industrial OEM customers.

Monomoy Capital Partners Acquires Cast-Crete Holdings

November 1, 2021

Building Products

Monomoy Capital Partners acquired Cast-Crete Holdings, LLC in a transaction that closed in November 2021. Cast-Crete, headquartered in Seffner, Florida, is the nation's largest manufacturer and distributor of precast and prestressed concrete lintels and sills; Monomoy will partner with CEO Jim Connelly to pursue growth opportunities in the Southeast.

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.