Tracked deals
38
38 tracked deals across 2019-2026.
Private Equity Firm
Business Services
MiddleGround Capital
Lexington, Kentucky, United States
Private equity firm that invests in North American and European B2B middle-market industrial and specialty distribution businesses. Differentiator: operator-led, hands-on value creation; founded and run by people with manufacturing-floor experience making control equity investments aligned with management.
- Focus Areas
- Private equity, Industrial & specialty distribution investing
- Website
- middleground.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
21 buyout · 17 addon
MiddleGround Capital Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 38 tracked deals for MiddleGround Capital.
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- Buyer
- MiddleGround Capital, New Eagle
- Target
- Pi Innovo
- Seller
- Dana Incorporated
- Industry
- AI & Machine Learning
- Location
- United States
- Type
- Addon
MiddleGround Capital acquired Pi Innovo from Dana Incorporated and will integrate Pi Innovo into its portfolio company, New Eagle. Pi Innovo designs and develops open platform electronic control systems and control software, complementing New Eagle’s proprietary hardware and software controls technology and Raptor toolchain.
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November 5, 2024
- Buyer
- MiddleGround Capital, Ventrifossa BidCo AG
- Target
- STEMMER IMAGING AG
- Seller
- STEMMER IMAGING shareholders
- Industry
- Engineering Services
- Location
- Bavaria, Germany
- Type
- Buyout
MiddleGround Capital, through its holding company Ventrifossa BidCo AG, completed a voluntary public takeover of STEMMER IMAGING AG, paying EUR 48.00 per share in cash to tendering shareholders. The Lexington-based private equity firm said it will leverage operational improvements and supply-chain optimization to support STEMMER IMAGING's growth and further develop its machine vision technology and services.
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- Buyer
- MiddleGround Capital
- Target
- Integral Powertrain Ltd. (Helix)
- Seller
- Founding shareholders of Helix
- Industry
- Manufacturing
- Location
- Buckinghamshire, United Kingdom
- Type
- Buyout
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.
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- Buyer
- MiddleGround Capital, PVI Holdings, W&O Supply
- Target
- GMS Instruments
- Industry
- Industrial Services
- Location
- South Holland, Netherlands
- Type
- Addon
MiddleGround Capital has acquired Netherlands-based GMS Instruments and is integrating the business into its PVI Holdings platform through W&O Supply as an add-on. The acquisition expands W&O Supply's instrumentation product offering and service capabilities across maritime, offshore and industrial end markets while providing cross-selling and geographic expansion opportunities.
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- Buyer
- MiddleGround Capital
- Target
- The L.S. Starrett Company
- Seller
- Former Starrett shareholders
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Type
- Buyout
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.
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March 7, 2024
- Buyer
- MiddleGround Capital
- Target
- IT8
- Industry
- Engineering Services
- Location
- Valencia, Spain
- Type
- Buyout
MiddleGround Capital, an operationally focused private equity firm, has completed the acquisition of IT8, a Valencia, Spain–headquartered engineering services company specializing in mechanical, electrical, PLC/robot programming, and installation services for line automation and BIW welding lines. MiddleGround plans to leverage IT8's technical capabilities to expand service offerings beyond automotive into intra-logistics, commercial vehicles and aerospace, and to support demand from electrification and other mobility trends.
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July 31, 2023
- Buyer
- MiddleGround Capital
- Target
- Xtrac
- Industry
- Manufacturing
- Location
- Berkshire, United Kingdom
- Type
- Buyout
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.
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June 15, 2023
- Buyer
- MiddleGround Capital, MiddleGround Carbon CV, L.P.
- Target
- A.M. Castle & Co. (Castle Metals), Banner Industries
- Seller
- High Street Capital
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
MiddleGround Capital has acquired A.M. Castle & Co. (Castle Metals) and, via a $440 million continuation vehicle (MiddleGround Carbon CV, L.P.), combined Castle with its Banner Industries platform to create a larger specialty metals distribution and processing platform. The transaction brings Castle's global metals processing and distribution footprint together with Banner's precision bar and medical metals capabilities to expand capabilities, geographic reach and end-market exposure in aerospace, industrial and medical sectors.
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- Buyer
- MiddleGround Capital
- Target
- Advantage Metal Products
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
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.
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February 8, 2023
- Buyer
- MiddleGround Capital
- Target
- Megatech
- Seller
- Alfar Capital
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
MiddleGround Capital has acquired Megatech, a Quebec City–based precision CNC machining and digital manufacturing company, from Alfar Capital. MiddleGround plans to build Megatech into a larger digital manufacturing platform through organic investment and add-on acquisitions while maintaining the company’s precision machining capabilities; Stifel acted as exclusive financial advisor to Megatech and Fasken served as legal counsel to Alfar Capital.
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November 30, 2022
- Buyer
- MiddleGround Capital, Lindsay Precast
- Target
- Dutchland, Inc.
- Industry
- Building Products
- Location
- Pennsylvania, United States
- Type
- Addon
MiddleGround Capital, via its Lindsay Precast platform, completed an add-on acquisition of Dutchland, Inc., a Gap, Pennsylvania-based manufacturer and installer of precast concrete tanks and structures for water and wastewater facilities. The deal expands Lindsay Precast's product offerings and geographic footprint across water/wastewater and related municipal and utility end markets; Dutchland was represented by BDO Capital Advisors.
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November 17, 2022
- Buyer
- MiddleGround Capital
- Target
- SixAxis, LLC
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Type
- Buyout
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.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
18 tracked deals by MiddleGround Capital.
Automotive Buyers & Acquisitions
7 tracked deals by MiddleGround Capital.
Industrial Services Buyers & Acquisitions
6 tracked deals by MiddleGround Capital.
Building Products Buyers & Acquisitions
2 tracked deals by MiddleGround Capital.
Acquisitions in Ohio
6 tracked deals by MiddleGround Capital.
Acquisitions in Illinois
3 tracked deals by MiddleGround Capital.
Acquisitions in New York
3 tracked deals by MiddleGround Capital.
Acquisitions in Michigan
2 tracked deals by MiddleGround Capital.
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