MiddleGround Capital

MiddleGround Capital LLC is a private equity firm founded in 2018, based in Lexington, Kentucky, with an additional office in New York. The firm focuses on lower middle market investments in North America, primarily targeting B2B companies within the industrial, manufacturing, and specialty distribution sectors. MiddleGround Capital specializes in control equity investments, typically ranging from $25 million to $100 million, in companies with revenues exceeding $75 million and enterprise values up to $250 million. The firm seeks opportunities in businesses with EBITDA between $15 million and $30 million. Distinguished by its operational expertise, MiddleGround Capital has a team experienced in managing both lower middle market firms and larger Fortune 500 companies.

Kristen Baily

VP of Human Capital

Dyana Baurley

Vice President, Business Development

Mike Bridge

Director of Operations

Fabian Ciavaglia

Vice President

Scot Duncan

Founding Partner

David Frost

VP

Jordan Gabbert

Associate

Troy Gonzales

Vice President

Greg Haddix

Vice President

Brandon Hamel

Senior Associate

Andrew Howell

Associate

Viswa Maramreddy

Vice President

Tyler May

Senior Associate

Ryan McComb

Vice President

Jamie W. Meurer

CFO

Lauren Mulholland

Founding Partner

Christen Paras

Managing Director, Business Development

Lindsay Quintero

Senior Associate

Marty Sjoquist

Vice President

Justin Steil

Managing Director

John Stewart

Founding Partner

Sarah Varghese

Associate

David Walden

Vice President

Yuji Yokoi

Vice President

4 past transactions

Edsco Fasteners LLC

Acquisition in 2020
Edsco Fasteners LLC, founded in 1985 and based in Denton, Texas, specializes in the manufacture and supply of anchor bolts and fasteners for large steel structures. The company's product offerings include smooth bar bolts, rebar bolts, plates, and various anchoring products, catering to sectors such as energy, communications, transportation, industrial construction, and marine construction. Edsco Fasteners is recognized for its commitment to quality, on-time service, competitive pricing, and the provision of full material certification, which enhances its reputation in the industry. In addition to its headquarters in Denton, the company operates offices in Utah, North Carolina, Tennessee, and Indiana, further supporting its extensive market reach.

Banner Industries

Acquisition in 2020
Banner Service Corporation produces and supplies precision ground, centerless grinding, turning, and straitened bars. The company offers carbon steel, stainless steel, aluminum, and brass bars; and alloy and titanium-exotic alloys. It also provides turning, straightening, chamfering, chrome plating, heat treating, and cutting to size services. The company was incorporated in 1984 and is based in Carol Stream, Illinois. It has locations in Strongsville, Ohio; and Charlotte, North Carolina.

Steel Craft Corp.

Acquisition in 2019
Steel Craft Corp. is a provider of a broad range of outsourced manufacturing services to a diverse set of customers and end markets. Our process capabilities include laser cutting, tube lasers, NC punch press, metal stamping, NC brake forming, welding (MIG, TIG, Plasma, Resistant and Projection), machining (vertical and horizontal), painting (e-coat, liquid and powder) coupled with mechanical and electro-mechanical assembly, testing, certifying and logistics management.

Peterson Spring

Acquisition in 2019
Peterson American Corporation designs, manufactures, and supplies a wide range of engineered metal products, including various types of springs, rings, wire forms, and stampings. The company's product offerings encompass compression, torsion, and extension springs, as well as snap, transmission, and retaining rings. Additionally, it produces wire forms such as torque rods and clips, along with assemblies, sub-assemblies, and packaging products. Peterson American Corporation serves diverse industries, including automotive, appliance, agriculture, industrial, lawn and garden, medical, furniture, heavy equipment, motor sports, and marine sectors both in the United States and internationally. Founded in 1914 and based in Southfield, Michigan, the company has established a global presence through multiple locations and facilities.