Private equity firm MiddleGround Capital announced that it has reached an agreement to sell Florida prefabricated concrete and steel product manufacturer Lindsay Precast to TJC LP, formerly known as the Jordan Company.
MiddleGround officials said that Lindsay has supplied projects across the water management, utility, energy, data center and transportation sectors for more than 60 years, including both government and private-sector initiatives. The company operates 10 production facilities in the U.S.
MiddleGround originally acquired the company in 2021. Terms of the sale agreement were not disclosed.
“Our investment in Lindsay illustrates how MiddleGround partners with industrial businesses to expand capabilities and unlock growth,” Ryan McComb, managing director at MiddleGround, said in a statement. “Lindsay’s U.S.-based manufacturing platform for both concrete and steel products is uniquely positioned to support the nation’s infrastructure renewal.”
