Middleground Capital Completes Third Add-On For Its Alco Platform With Acquisition Of Teale Machine Company
Acquiring Company
MiddleGround Capital
Acquired Company
Teale Machine
LexingtonFinancial ServicesSoftwareVenture CapitalManufacturingDescription
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.
Quick answer
MiddleGround Capital is acquiring Teale Machine, announced April 28, 2022. MiddleGround Capital is based in Lexington, Kentucky, United States.
- How much did MiddleGround Capital pay for Teale Machine?
- The deal value was not disclosed.
- What does MiddleGround Capital do?
- MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management.
- Where are MiddleGround Capital and Teale Machine based?
- MiddleGround Capital is based in Lexington, Kentucky, United States.
- Who are the decision-makers at MiddleGround Capital?
- Fundz holds 2 contacts at MiddleGround Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Teale Machine?
Teale Machine was acquired by MiddleGround Capital, based in Lexington. The deal was reported on April 28, 2022. MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management. MiddleGround Capital is privately held and operates in Financial Services.
When did MiddleGround Capital acquire Teale Machine?
MiddleGround Capital's acquisition of Teale Machine was reported on April 28, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Teale Machine do?
With over 75 years of experience in automatic machining, Teale manufactures high-tolerance and high-volume machined parts for a variety of end markets and applications. It is privately held, operating in Manufacturing.
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