MiddleGround Capital Acquires The L.S. Starrett Company
June 5, 2024
An affiliate of MiddleGround Capital completed the acquisition of The L.S. Starrett Company, taking the 144-year-old precision tools and metrology manufacturer private. Under the deal, former Starrett shareholders received $16.19 per share; MiddleGround says it will support Starrett in scaling its geographic reach and expanding product offerings.
- Buyers
- MiddleGround Capital
- Targets
- The L.S. Starrett Company
- Sellers
- Former Starrett shareholders
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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