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Middleground Capital Completes Third Add-On For Its Alco Platform With Acquisition Of Teale Machine Company

Apr 28, 2022•about 3 years ago

Acquiring Company

MiddleGround Capital

Acquired Company

Teale Machine

Financial ServicesSoftwareManufacturing

Description

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of Teale Machine Company (“Teale”) through its portfolio company Alco Manufacturing Corporation (“Alco”). This transaction marks MiddleGround’s third add-on acquisition to its Alco platform since acquiring the company in July 2018.

Company Information

Company

MiddleGround Capital

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. For more information, please visit: www.middlegroundcapital.com.

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