MiddleGround Capital announced the acquisition of SteelCraft a leading provider of outsourced manufacturing services to a diverse set of customers and end markets.
MiddleGround Capital announced the acquisition of Peterson Spring, a leading specialty spring manufacturer with thirteen facilities throughout North America and the United Kingdom.
MiddleGround Capital, a spinout from Monomoy Capital, hired Christen Paras, an executive from family office CoBe Capital, to run business development, according to a person with knowledge of the firm.
MiddleGround Capital, a spinout from Monomoy Capital, has set a cap on its debut fund at $450 million as it held a second close on about $212 million, a person with knowledge of the firm told Buyouts.
Middleground co-founders John Stewart, Lauren Mulholland and Scot Duncan left Monomoy in 2017 to strike out on their own, with reports last year suggesting they were eyeing up to $350m for their first independent fund.
Lexington, KY, JANUARY 07, 2019: Co-founders John Stewart, Lauren Mulholland and Scot Duncan today announced the formation of MiddleGround Capital (“MiddleGround”), a new private equity firm that makes control investments in business-to-business (“B2B”) industrial and specialty distribution companies in the North American lower middle market.