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Middleground Capital Acquires A.M. Castle & Co. Targeting Capital Raise For Spv

Jun 15, 2023•about 2 years ago

Acquiring Company

MiddleGround Capital

Acquired Company

Castle Metals

LexingtonVenture CapitalFinancial ServicesMineralPrecious MetalsMiningManufacturing

Description

MiddleGround Capital, an operationally focused private equity firm that makes control investments in middle market manufacturing B2B industrial and specialty distribution companies globally, today announced it has acquired A.M. Castle & Co. (“Castle Metals” or the “Company”), a leading provider of metals, services, and supply chain solutions serving industrial and aerospace customers.

Company Information

Company

MiddleGround Capital

Location

Lexington, Kentucky, United States

About

MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management. MiddleGround makes control equity investments in lower middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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