MiddleGround Capital has completed the acquisition of Supra Alloys and EDGE International from Titan Metal Fabricators. Post-closing, the two businesses will be combined with Banner Industries, a processor and distributor of metal bar products that was acquired by MiddleGround in December 2019. Banner Industries has more than 200,000 square feet of production floor space and […]
Archives for June 3, 2020
Arcline Grinds Away
Arcline Investment Management has acquired Glebar Company from its management shareholders led by Chairman and former CEO Adam Cook. Glebar manufactures and services micromachining, centerless grinding and electrochemical grinding systems used in the production of medical guidewire and minimally invasive surgical components, as well as in aerospace, consumer, and industrial applications. The company also supplies […]
H.I.G. Invests in Specialty Chemical Maker
H.I.G. Capital has made an investment in USALCO, a provider of specialty chemicals. The investment in USALCO is H.I.G.’s tenth current platform in the chemical sector. USALCO (United States Aluminate Company) is a manufacturer of aluminum-based chemicals – including aluminum sulfate and polyaluminum chloride – that are used in water and wastewater treatment processes; and […]
Mike Kay Joins Angeles Equity
Angeles Equity Partners has added Mike Kay to its team as a new operating partner. Mr. Kay has experience across multiple industrial sectors, including automotive, aerospace and defense. Before joining Angeles Equity, Mr. Kay was with McKinsey for nearly four years, most recently as an engagement manager where he worked with industrial companies on growth […]