MiddleGround Capital Acquires A.M. Castle & Co. and Combines It with Banner Industries

MiddleGround Capital Acquires Banner Service Corporation (Banner Industries)

December 11, 2019

Industrial Services

MiddleGround Capital has acquired Banner Service Corporation (also referred to as Banner Industries), a leading processor and distributor of precision metal bar products headquartered in Carol Stream, Illinois. The transaction is a control buyout from High Street Capital and is intended to support Banner's organic growth and platform expansion, including add-on acquisitions and further investment in medical-grade metal processing capabilities.

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.

MiddleGround Capital / Banner Industries Acquire National Kwikmetal Services

November 15, 2021

Industrial Services

MiddleGround Capital has acquired National Kwikmetal Services (NKS) through its portfolio company Banner Industries as the Banner platform's third add-on since MiddleGround's 2019 acquisition of Banner. NKS is a specialty metal services provider serving small-to-medium customers across automotive, aerospace & defense, power generation, medical and construction end markets; the deal expands Banner's geographic reach, product capabilities and end-market diversification.

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.

MiddleGround Capital Adds Advantage Metal Products to Megatech Platform

April 25, 2023

Manufacturing

MiddleGround Capital acquired Advantage Metal Products as the first add-on for its Megatech advanced manufacturing platform. The acquisition expands Megatech's precision metal fabrication and CNC machining capabilities and extends its geographic reach into the San Francisco Bay Area to serve semiconductor, medical, robotics and aerospace end markets.

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.