{"id":782529,"date":"2022-04-28T20:00:08","date_gmt":"2022-04-28T18:00:08","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/middleground-capital-completes-third-add-on-for-its-alco-platform-with-acquisition-of-teale-machine-company\/"},"modified":"2023-07-11T14:07:44","modified_gmt":"2023-07-11T12:07:44","slug":"middleground-capital-completes-third-add-on-for-its-alco-platform-with-acquisition-of-teale-machine-company","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/middleground-capital-completes-third-add-on-for-its-alco-platform-with-acquisition-of-teale-machine-company\/","title":{"rendered":"MiddleGround Capital Completes Third Add-On for Its Alco Platform With Acquisition of Teale Machine Company"},"content":{"rendered":"

LEXINGTON, Ky.–(BUSINESS WIRE)–#middlemarket<\/a>–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 (\u201cTeale\u201d) through its portfolio company Alco Manufacturing Corporation (\u201cAlco\u201d). This transaction marks MiddleGround\u2019s third add-on acquisition to its Alco platform since acquiring the company in July 2018.\n<\/p>\n

<\/a><\/p>\n

\nTeale is a manufacturer of high-tolerance and high-volume machined parts for valve, aerospace, appliance, building products, electronics, pump, automotive and medical end markets and applications. Headquartered in Rochester, New York, the company has a variety of different machining capabilities, including multi-spindle, CNC, centerless grinding, secondary processing and assembly across various metal types that include stainless, steel, aluminum and copper.\n<\/p>\n

\n\u201cTeale marks another step toward furthering our strategy of expanding the Alco platform through smart, bolt-on acquisitions. Teale is a truly complementary, specialty machining business that adds new customers, further strengthens our growing New York footprint, and enhances diversity in our capabilities around brass, steel and aluminum materials,\u201d said Matt Dietrich, Alco CEO. \u201cWe are very focused on bringing new value to our customers by expanding our capabilities, and adding Teale enables us to offer a wider array of cost-effective, value-filled products and services,\u201d he added.\n<\/p>\n

\nJustin Steil, MiddleGround Managing Director, stated, \u201cWe are thrilled to add Teale to Alco\u2019s growing track record of attractive acquisitions, and we expect Alco \u2013 as the industry leader \u2013 to continue to take advantage of consolidation opportunities across this highly fragmented sector.\u201d\n<\/p>\n

\nAbout Teale Machine\n<\/p>\n

\nWith 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. Based in Rochester, New York, Teale offers a diverse set of machining capabilities across various metal types. For more information, please visit: www.tealemachine.com<\/a>.\n<\/p>\n

\nAbout Alco\n<\/p>\n

\nHeadquartered in Elyria, OH, Alco is a leading manufacturer of hydraulic connectors for industrial and consumer end markets in the US. Alco manufactures steel, aluminum and brass products, including hydraulic connectors, garden hose connectors, plumbing cartridges, natural gas fittings and quick connect devices, among others. Alco was founded in 1971 and has been a portfolio company of MiddleGround Capital since 2018. For more information, please visit: www.alco.com<\/a>.\n<\/p>\n

\nAbout MiddleGround Capital\n<\/p>\n

\nMiddleGround Capital is a private equity firm based in Lexington, Kentucky with over $2.4 billion in assets under management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. For more information, please visit: www.middlegroundcapital.com<\/a>.\n<\/p>\n

Contacts <\/p>\n

\nMedia:
Alyssa Castelli
\n
Alyssa.castelli@moelisam.com<\/a>
+1 (646) 341 0048<\/p>","protected":false},"excerpt":{"rendered":"

LEXINGTON, Ky.–(BUSINESS WIRE)–#middlemarket–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 (\u201cTeale\u201d) through its portfolio company Alco Manufacturing Corporation (\u201cAlco\u201d). This transaction marks MiddleGround\u2019s third add-on acquisition to its Alco platform since […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-782529","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"\nMiddleGround Capital Completes Third Add-On for Its Alco Platform With Acquisition of Teale Machine Company - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/middleground-capital-completes-third-add-on-for-its-alco-platform-with-acquisition-of-teale-machine-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MiddleGround Capital Completes Third Add-On for Its Alco Platform With Acquisition of Teale Machine Company - BeBeez\" \/>\n<meta property=\"og:description\" content=\"LEXINGTON, Ky.–(BUSINESS WIRE)–#middlemarket–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 (\u201cTeale\u201d) through its portfolio company Alco Manufacturing Corporation (\u201cAlco\u201d). 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