M&A Deal Summary

MiddleGround Capital Acquires Shiloh

On December 1, 2020, private equity firm MiddleGround Capital acquired manufacturer Shiloh

Acquisition Highlights
  • This is MiddleGround Capital’s 5th transaction in the Manufacturing sector.
  • This is MiddleGround Capital’s 7th transaction in the United States.
  • This is MiddleGround Capital’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2020-12-01
Target Shiloh
Sector Manufacturing
Buyer(s) MiddleGround Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Shiloh

Valley City, Ohio, United States
Shiloh designs and manufactures lightweight products within body structure, chassis and propulsion systems. Shiloh’s multicomponent, multi-material solutions are comprised of a variety of alloys in aluminum, magnesium and steel grades, along with its proprietary line of noise and vibration reducing ShilohCore® acoustic laminate products. Shiloh Industries was founded in 1950 and is based in Valley City, Ohio.

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Buyer(S) 1

Buyer

MiddleGround Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

MiddleGround Capital is a middle-market private equity firm focused on acquiring North American companies valued up to $500 million. MiddleGround looks to commit $20 to $350 million per transaction and generally pursues investments in fundamentally good businesses that align with its operational expertise. Areas of interest include B2B industrial and specialty distribution. MiddleGround Capital was formed in 2018 and has offices in Lexington, Kentucky and New York City.

DEAL STATS #
Overall 7 of 20
Sector (Manufacturing) 5 of 9
Type (Buyout (LBO, MBO, MBI)) 3 of 8
State (Ohio) 2 of 5
Country (United States) 7 of 13
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Dura

Auburn Hills, Michigan, United States

Dura is a designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. Dura was founded in 1990 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Arrow Tru-Line

Archbold, Ohio, United States

Arrow Tru-Line is a manufacturer of hardware for residential and commercial overhead garage doors. Arrow Tru-Line offers an extensive array of garage door hardware including horizontal and vertical tracks, center bearing supports, hinges, struts, torsion tubes, rollers, brackets and cable assemblies. Arrow Tru-Line was founded in 1970 and is based in Archbold, Ohio.

Buy -
Mergr

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