Middleground Capital Completes Second Add-On For Acquisition Of Tpt Solutions For Its Race Winning Brands Platform
Acquiring Company
MiddleGround Capital
Acquired Company
TPT Solutions
LexingtonFinancial ServicesSoftwareVenture CapitalManufacturingCommerce And ShoppingFood And BeverageDescription
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 TPT Solutions (“TPT”) by its platform Race Winning Brands (“RWB”). TPT goes to market under three market-leading brands—TransGo, RevMax and Transmission Specialties. The transaction marks MiddleGround’s second add-on acquisition by RWB since the firm acquired the platform in December 2021. Earlier this month, RWB purchased PAC Racing from Peterson American Corporation, adding performance springs to its portfolio.
Quick answer
MiddleGround Capital is acquiring TPT Solutions, announced April 21, 2022. MiddleGround Capital is based in Lexington, Kentucky, United States.
- How much did MiddleGround Capital pay for TPT Solutions?
- 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 TPT Solutions 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 TPT Solutions?
TPT Solutions was acquired by MiddleGround Capital, based in Lexington. The deal was reported on April 21, 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 TPT Solutions?
MiddleGround Capital's acquisition of TPT Solutions was reported on April 21, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TPT Solutions do?
TPT Solutions Is a transmission-focused automotive aftermarket products for light truck, automotive and SUV/CUV focused on performance. It is privately held, operating in Manufacturing.
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