MiddleGround Capital

MiddleGround Capital is a private equity firm based in Lexington, Kentucky, specializing in acquiring and growing B2B industrial and specialty distribution companies. The firm focuses on lower middle-market businesses, typically with revenues under $1 billion and EBITDA over $10 million. Their investment strategy involves control equity investments, with transaction sizes up to $500 million and equity investments ranging from $20 million to $350 million. MiddleGround Capital operates in North America and Europe, leveraging its in-house operational expertise to drive value creation in its portfolio companies.

The firm's team comprises individuals with significant experience from organizations such as Toyota Motor Corporation, Ford, MillerCoors, Nomura, and Wells Fargo. This diverse background enables MiddleGround to implement a hands-on operational approach, partnering with management teams to support long-term growth strategies. Their portfolio includes companies across various sectors, including industrial manufacturing, specialty distribution, automotive, aerospace, medical devices, metals, energy, chemicals, construction, consumer goods, technology, healthcare, real estate, financial services, and professional services.

MiddleGround Capital has demonstrated a strong track record in the private equity space, with over $3.85 billion in assets under management. The firm has successfully raised multiple funds, including a $736 million fund in April 2021, exceeding its initial target of $550 million. Notable investments include the acquisition of PVI Holdings, a leading distributor of flow control solutions, and the merger agreement with The L.S. Starrett Company, a manufacturer of precision tools and metrology systems. These strategic investments highlight MiddleGround's commitment to enhancing operational efficiency and driving growth in its portfolio companies.