MiddleGround Capital

2023's market conditions required tenacity and creativity to succeed, and we're proud of the work our team did to make an impact throughout the year. Last year, we returned $661.1 million to investors, gave back to our communities with the new MiddleGround 501c3 Charitable Foundation, and deployed $786 million of fund capital! As our Founding and Managing Partner, John Stewart, said, “…a difficult market is NOT an excuse to underperform. There will always be down markets, and truly skilled professionals can show their true capability by succeeding in these times. I’m incredibly proud of my team. They thought outside the box, returned capital to our investors, were tenacious in deal sourcing, and maximized operational improvements throughout the year.” In 2023, we prioritized creating equity value for our investors, refining our leadership skills, and strengthening our operational offerings. These actions laid the groundwork for continued success. Read our 2023 Year in Review: https://bit.ly/4awid0b #privateequity #manufacturing

20 safety improvements, streamlined processes, AND a double-digit percentage in annual savings for a manufacturing facility in just ONE short week? Almost sounds like an infomercial... but that's the magic of an intensive boot camp led by Banner Management Consulting! At our Plasman Windsor, ON facility, MiddleGround and Portco teams identified waste, improved efficiencies, and tackled real challenges on the shop floor. From redesigning process layouts to boosting productivity to implementing crucial safety measures, every project aimed at elevating operational standards. These boot camps are more than just training - they’re about making real changes that drive our portfolio forward. #privateequity #operations #manufacturing

“Rolling with the punches and staying focused on our long-term vision is crucial for our continued success.” This was the takeaway from our Q3 Firmwide Meeting. These meetings are ESSENTIAL in setting the stage for a productive quarter. We bring everyone together to share essential firm updates, discuss key insights, and reaffirm our focus on our 2024 objectives. With three global offices, this dedicated time for connection is crucial and this quarter we reinforced our focus and reminded ourselves of the power of #collaboration and adaptability in achieving our goals. #privateequity #culture

After 15 years in the making, Castle Metals made their blueprint dreams a reality with a new Shanghai facility! The new 59,000 sq. space ft. is a major upgrade from their previous location, featuring expanded office areas to support their growing team as well as a redesigned warehouse to enhance equipment utilization and productivity. Overall, the new facility will better support #operational efficiency. Congrats to the entire Castle Metals team on this exciting new chapter! #manufacturing #innovation

Expansion, #innovation, and strategic acquisitions... Our Partner and Head of Transaction Team, Justin Steil, sat down with Mergermarket's Benjamin Glick to discuss what’s next for The L.S. Starrett Company after going private: ➡️ Scouting add-on targets, focused on metrology acquisitions. ➡️ Expanding precision measurement offerings, building on prior additions like granite surface plates for semiconductor #manufacturing. ➡️ Acquisitions ranging from $10m to $100m in revenue, with a pipeline in development. ➡️ North America remains a focus, but opportunities in South America, Europe, and Asia are also on the radar. With 1,500 employees and a rich history of innovation, Starrett is poised for transformative growth. As we embark on this journey, we're excited about the opportunities to enhance Starrett's value and market presence. Read about our Starrett acquisition here: https://bit.ly/3yPKrFn #privateequity

From rally tracks to Formula 1 circuits, Xtrac Ltd has been engineering excellence for FOUR incredible decades! What started with a groundbreaking rallycross gearbox has accelerated into a legacy of #innovation. Xtrac has become the go-to name for transmissions in top-tier motorsport and high-performance road cars. Revolutionizing Formula 1 #technology, dominating diverse racing categories, and now pioneering EV and hybrid solutions, Xtrac continues to push the limits of what's possible in drivetrain engineering. Cheers to 40 years! #privateequity

Synergy and #collaboration… the power of our portfolio companies came together at our 2024 Sales & Purchasing Conference! This event brings sales and purchasing teams from our portfolio to an annual meeting. Teams shared key learnings, assessed overall performance, and identified cross-selling opportunities. Thank you to all attendees for your participation! A special congratulations to our award winners: Outstanding Sales Team: Plasman and Steel Craft Outstanding Purchasing Team: Lindsay Precast and PVI Holdings, Inc. #privateequity #manufacturing

Steel, chrome, and #philanthropy: our favorite mix. Lexington was roaring with excitement at the MiddleGround Capital Cruisin’ for a Cause event! Nearly 200 cars gathered to showcase all types of wheels from classic muscle to luxurious modern. We shared our passion for #cars, and enjoyed live music, food trucks, and family-friendly activities while supporting Habitat for Humanity. A heartfelt thank you to our dedicated volunteers, sponsors, and #community who made this day possible. Lexington, gear up for next year!

🌟 Honored to receive the Influential Businesswoman Award 2024 for Emerging Deal Leader from #AcquisitionInternational! 🏆 Huge thanks to the incredible team at #MiddlegroundCapital, whose dedication, support, and expertise have made this achievement possible. Together, we're driving impactful deals and shaping the future of our portfolio! #InfluentialBusinesswomanAwards #DealMaking #Leadership #TeamSuccess #PrivateEquity https://lnkd.in/gYGhF8tZ

Next in our MiddleGround Made series: TPM, a market leader established in 1947, specializing in bespoke #thermoplastic and thermoset injection molding. Why are their services important? TPM's comprehensive capabilities and advanced technologies are crucial in delivering high-quality, reliable components for critical industries. Their molding solutions help businesses maintain operational excellence, meet stringent quality standards, and drive continuous improvement in their #manufacturing processes. What sets them apart? TPM enables customers to expedite tooling timelines, protect their supply chain, fine-tune new tooling, and undertake routine preventative maintenance, ensuring seamless and efficient #operations. Learn more about TPM here: https://bit.ly/3LkxGpf #privateequity