MiddleGround Capital Acquires HLC
September 20, 2022
MiddleGround Capital, a Lexington, Kentucky-based private equity firm, has acquired HLC, Inc., a North American distributor of bicycle parts and accessories headquartered in Lévis, Quebec (with operations in the U.S.). MiddleGround intends to grow HLC as a platform business by expanding geographic reach and investing in technology and infrastructure while HLC's president Pat McGinnis remains in day-to-day control.
- Buyers
- MiddleGround Capital
- Targets
- HLC, Inc.
- Industry
- Logistics & Distribution
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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