LEXINGTON, KY — MiddleGround Capital, a private equity firm that makes control investments in North American middle-market B2B industrial and specialty distribution companies, announced that it has completed its acquisition of EDSCO Fasteners, a manufacturer and distributor of mission-critical anchoring systems for power transmission poles and other large steel structures. This is the fifth acquisition in MiddleGround’s inaugural fund and the fourth platform investment MiddleGround has made in the past nine months.
MiddleGround co-founder Lauren Mulholland commented, “EDSCO has done an excellent job of establishing itself as a market leader by offering best-in-class product and service to its customers and positioning itself for expansion into adjacent end markets. We’re thrilled to be partnering with EDSCO’s management team to continue this legacy and support the company’s next phase of growth.”
Unique to EDSCO is its national geographic presence, quality protocols and flexible production capabilities. EDSCO is well-positioned to benefit from continued robust spending on infrastructure projects across T&D, telecommunications, transportation, and wind power.
EDSCO President and CEO Richard Butler said, “EDSCO has a long history as a trustworthy supplier to its customers, reputation for excellence, and track record of growth," EDSCO president and CEO Richard Butler said. "Our team really valued MiddleGround’s highly operational approach and culture of continuous improvement. Their values and experiences align well with our own, and we are excited to have MiddleGround as a partner in helping us to achieve our goals.”
Founded in 1985, EDSCO is headquartered in Denton, TX and has additional facilities in UT, NC, TN and IN. For further information, please visit: www.edsco.com
