MiddleGround Capital

Stemmer Imaging is a leading provider of machine vision technology in Europe, specializing in image processing solutions for various industries and scientific applications. The company offers a comprehensive range of products, including intelligent cameras, light-emitting diodes, and specialized lenses, as well as image processing systems and connectors. Stemmer Imaging also provides tailored services such as feasibility studies, equipment hire, and customized cabling to support diverse imaging projects. With a strong presence across 19 European countries, the company ensures accessible local consultancy and expert guidance for its customers in sectors such as automotive, electronics, semiconductor, medical imaging, and entertainment.

Helix is a full-service provider of premium electric powertrains that provide access to superior performance for manufacturers of electric and hybrid automobiles, motorbikes, and watercraft.

Stemmer Imaging is a leading provider of machine vision technology in Europe, specializing in image processing solutions for various industries and scientific applications. The company offers a comprehensive range of products, including intelligent cameras, light-emitting diodes, and specialized lenses, as well as image processing systems and connectors. Stemmer Imaging also provides tailored services such as feasibility studies, equipment hire, and customized cabling to support diverse imaging projects. With a strong presence across 19 European countries, the company ensures accessible local consultancy and expert guidance for its customers in sectors such as automotive, electronics, semiconductor, medical imaging, and entertainment.

The L.S. Starrett Company (Starrett) is engaged in the business of manufacturing over 5,000 different products for industrial, professional and consumer markets. As a global manufacturer, the Company offers its range of products to the market through multiple channels of distribution worldwide. The Company's products include precision tools, non-contact industrial measurement systems, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1 lubricant and precision ground flat stock. On November 22, 2011, a wholly owned subsidiary of the Company entered into an asset purchase agreement (the Purchase Agreement) with Bytewise Development Corporation (Bytewise) pursuant to which it subsidiary purchased all of the assets of Bytewise.

Xtrac Limited, founded in 1984 and located in Thatcham, United Kingdom, with an additional facility in Indianapolis, Indiana, specializes in the design and manufacture of transmission systems for various industries, including motorsport, automotive, aerospace, defense, and marine. The company is recognized as a leader in its field, providing a diverse range of products such as single seater, sportscar, rally, touring car, motorcycle, and testing systems. Xtrac emphasizes high-quality design, engineering, and manufacturing capabilities, supported by ongoing investment in staff development and capital expenditures. Its commitment to excellence has made it a trusted partner for clients in high-performance automotive and top-level motorsport sectors.

Castle Metals is a distributor of specialty metals, focusing on sectors such as aerospace, oil and gas, and commercial industries. The company provides a range of metals, including aluminum, carbon, nickel, stainless steel, and various metal alloys. In addition to sourcing and distribution, Castle Metals offers supply chain services and processing capabilities, such as cutting and slitting, to meet the specific needs of its clients. By ensuring efficient supply and tailored solutions, Castle Metals supports its customers in achieving their operational goals in a competitive market.

Advantage Metal Products is a manufacturer of precision metal products and services, primarily serving engineering industries. The company specializes in sheet metal production and offers a range of services including custom fabrication, high precision machining, automated powder coating, and assembly. By utilizing advanced machining technology and systems, Advantage Metal Products ensures quality and efficiency in its operations. The company emphasizes collaboration between engineers at the New Product Introduction (NPI) stage, which helps to optimize the design and manufacturing process, ultimately enhancing product longevity and reducing costs. Additionally, Advantage Metal Products provides inspection and project management services, further supporting its commitment to delivering high-quality metal solutions.

Provider of precision machining services intended of military, aerospace, optomechanics, transportation and bio-medical industries. The company specializes in the milling of small and complex parts with very close tolerances, enabling its clients with on-site surface treatment services such as anodizing, chrome conversion, typography, chemical-based plating and passivation.

SixAxis, LLC is a manufacturer of safety products focused on enhancing worker safety and productivity across various industries. The company produces mobile work platforms, loading platforms, and gangways designed for truck, railcar, and industrial safety applications, marketed under its ErectaStep, RollaStep, and YellowGate brands. Additionally, SixAxis develops sales resource planning software under the Atlatl Software brand. By specializing in innovative designs for stairs, fall protection, and bulk loading solutions, SixAxis aims to mitigate workplace injuries while promoting operational efficiency. The company is headquartered in Andrews, South Carolina, and was co-founded by Rob Honeycutt and Fred Harmon.

HLC distributes bicycles, parts, and accessories. They specialize in distributing parts and accessories in the cycling industry. They provide bicycles, running accessories, equipment, and supplements. They also provide solid business solutions for riders.

Pon is an automotive company that provides equipment and power systems, industrial mobility, agricultural products, and services.

Race Winning Brands is a manufacturer of performance and racing pistons and related engine components for the automotive and powersports performance markets. With 280 employees in their 150,000 square foot Ohio corporate headquarters and 190 additional employees spread across six global satellite facilities, Race Winning Brands is a leading supplier for performance pistons, as well as connecting rods, crankshafts, electronics, and other engine related components.

Lindsay Precast is a manufacturer of engineered precast concrete products with operations in Ohio, Colorado, North Carolina, South Carolina, and Washington. The company specializes in serving federal, state, and municipal government entities, as well as the utility and renewable energy sectors. Lindsay Precast produces a range of products, including sanitary and storm sewer systems, electrical and telecom utility components, solar inverter skids, and ballast bases. These offerings are designed to protect essential properties and infrastructures from deterioration due to weather and environmental factors.

Plasman Inc. is a prominent manufacturer and supplier of plastic components for the automotive industry, specializing in both exterior and interior vehicle parts. Founded in 1992 and headquartered in Windsor, Canada, the company provides a wide range of products, including bumpers, fascia, grilles, intake manifolds, air cleaners, and various automotive systems. Plasman serves original equipment manufacturers and Tier-1 customers primarily in North America, with production facilities located in Windsor, Tecumseh, and Tilbury, Canada, as well as a site in Fort Payne, Alabama. The company is known for its fully integrated capabilities, offering design, engineering, molding, finishing, and assembly services. With over 900,000 square feet of plant space, Plasman has established itself as a highly integrated supplier in the plastics industry, ensuring quality and efficiency across its operations.

Arrow Tru-Line manufactures metal roll-formed and stamped products domestically, and imports stamped and cast components. The company offers a wide range of products and capabilities including tracks, struts, angles, hinges, cable drums, spring fittings, cable assemblies, rollers, lock components, decorative hardware, rolling door components, springs, chain hoists, boat dock components.

Dura Automotive Systems is an independent designer and manufacturer of automotive components, including control systems, exterior systems.

EDSCO Fasteners has produced anchor bolts for makers of large steel structures since 1985. Hard work, quality products, on-time service, competitive pricing and the ability to supply full certification of materials have steadily enhanced the company’s position in the industry.

Banner Industries is a value-added metals processor and distributor serving OEMs, and contract manufacturers. Banner Service Corporation (“BSC”) and Banner Medical Innovations (“BMI”). BSC serves a diverse set of industrial customers and steel service centers with applications in irrigation, diesel fuel systems, electric motors, agriculture, aerospace, and auto.

Hartford Finishing they provide e-coating, wet painting, assembly services, and blasting services.

Craft Steel is a manufacturer specializing in metal stamping and fabrication services, catering to a diverse range of industries including agriculture, military, industrial automation, and food processing. The company offers a comprehensive suite of outsourced manufacturing services, which includes laser cutting, tube lasers, NC punch pressing, metal stamping, welding (MIG, TIG, Plasma, Resistance, and Projection), machining (both vertical and horizontal), and various painting techniques such as e-coat, liquid, and powder. Additionally, Craft Steel provides prototype design, mechanical and electro-mechanical assembly, testing, certification, and logistics management. By focusing on low volume metal fabrications and other custom metal solutions, the company aims to deliver cost-effective and reliable services to its clients.

Peterson American Corporation specializes in designing and manufacturing engineered metal products, primarily serving various industries, including automotive, industrial, medical, and heavy equipment. Founded in 1914 and based in Southfield, Michigan, the company offers a diverse range of products, including compression, torsion, and extension springs, as well as snap rings, wire forms, and stampings. Peterson American Corporation caters to both OEMs and aftermarket clients, providing customized components that meet specific operational needs. The company operates internationally, ensuring a broad reach across sectors such as agriculture, lawn and garden, furniture, and motorsports. Known for its commitment to quality and precision, Peterson American Corporation has evolved significantly since its inception, adapting to the demands of modern manufacturing while maintaining a focus on innovation and customer satisfaction.