Alco Manufacturing Acquires Teale Machine Company

Alco Acquires Manth-Brownell

August 14, 2020

Manufacturing

Alco Manufacturing Corporation, a portfolio company of MiddleGround Capital, has acquired Manth-Brownell, a 60-year-old precision machine parts manufacturer based in Kirkville, New York. The add-on expands Alco's machining capabilities (adding over 100 multi-spindle screw machines and 50 CNC machines), broadens its customer base across aerospace, fluid power and industrial end markets, and strengthens scale and purchasing power.

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 Alco Manufacturing from Blue Point Capital Partners

January 4, 2019

Manufacturing

Blue Point Capital Partners sold its interest in Alco Manufacturing Corporation, LLC to MiddleGround Capital; terms were not disclosed. Alco, headquartered in Elyria, Ohio, is a precision turned metal components and fittings manufacturer serving OEM end markets (agriculture, construction, industrial and energy), and under Blue Point it expanded operations, completed add-ons and doubled earnings.

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.

Alco Manufacturing (MiddleGround Capital) Acquires Kaddis Manufacturing

November 18, 2021

Manufacturing

MiddleGround Capital’s portfolio company Alco Manufacturing Corporation has acquired Kaddis Manufacturing Corporation, a Rochester, New York-based precision machining business. The transaction is MiddleGround's second add‑on to the Alco platform and expands Alco's precision machining capabilities across brass and aluminum materials for industrial, medical and automotive end markets.

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.