MiddleGround Capital Acquires Dura Automotive Systems

Aspire Biopharma Acquires Dura Driver Control Systems (DCS)

June 12, 2026

Industrial Services

Aspire Biopharma Holdings, Inc. has signed a definitive Share Purchase Agreement to acquire 100% of Dura Driver Control Systems (DCS) for $30.0 million in cash. The transaction is expected to close in Q3 2026 (and is later reported as completed), with DCS becoming a wholly owned subsidiary of Aspire.

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 Xtrac

July 31, 2023

Manufacturing

MiddleGround Capital's European office has completed its first platform acquisition with the purchase of Xtrac, a leading manufacturer of high-performance transmissions for motorsport and specialist automotive applications. The deal gives MiddleGround a platform in the UK manufacturing space to support Xtrac's growth across motorsport, high-performance automotive and OEM markets, and to accelerate capabilities for hybrid and electric drivetrains.

MiddleGround Capital Acquires SixAxis

November 17, 2022

Manufacturing

MiddleGround Capital, an operationally focused private equity firm based in Lexington, Kentucky, has acquired SixAxis, LLC, a manufacturer and distributor of engineered loading rack, fall protection and access solutions headquartered in Andrews, South Carolina. MiddleGround said it will partner with SixAxis management to scale operations, expand products and end markets; Piper Sandler served as exclusive financial advisor to SixAxis.

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.

Advanced Vehicle Assemblies Acquires Global Automotive Systems

April 27, 2021

Automotive

Advanced Vehicle Assemblies, LLC (an affiliate of Lynn Tilton) acquired substantially all assets of Global Automotive Systems, LLC on April 27, 2021. The deal transfers GAS’s engineering and complex structural metal-assembly capabilities into AVA to strengthen AVA’s manufacturing footprint and support future organic growth and acquisitions.