MiddleGround Capital / Race Winning Brands Acquires Haltech Engine Management Systems

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 / Race Winning Brands Acquires TMG Performance Products

June 30, 2022

Automotive

MiddleGround Capital, via its platform Race Winning Brands (RWB), acquired TMG Performance Products, a designer, manufacturer and distributor of branded performance exhaust and air intake systems for automotive and marine enthusiasts. The transaction is RWB's fourth add-on since MiddleGround acquired the platform in December 2021 and expands RWB's portfolio in the premium aftermarket exhaust and air-flow category.

Race Winning Brands (MiddleGround Capital) Acquires TPT Solutions

April 21, 2022

Automotive

Race Winning Brands, a platform company backed by MiddleGround Capital, has acquired TPT Solutions, the owner of TransGo, RevMax and Transmission Specialties. The transaction is an add-on to the Race Winning Brands platform and expands the platform's transmission-focused aftermarket product capabilities; terms were not disclosed. Prestwick served as exclusive advisor to TPT Solutions and its sponsor Five Points Capital.

MiddleGround Capital Acquires Race Winning Brands from Kinderhook

November 23, 2021

Automotive

MiddleGround Capital has acquired Race Winning Brands (RWB) from Kinderhook Industries; financial terms were not disclosed. RWB, headquartered in Mentor, Ohio, is a leading manufacturer and distributor of high-performance automotive and powersports engine components, and MiddleGround intends to support growth through new product development and complementary acquisitions.

MiddleGround Capital Acquires Dura Automotive Systems

May 5, 2020

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Dura Automotive Systems from Bardin Hill Investment Partners. The private equity firm plans to support Dura's growth as a platform to capitalize on automotive trends including electrification, lightweighting and advanced driver-assistance systems (ADAS).