MiddleGround Capital adds to its Alco platform with acquisition of Manth-Brownell

MiddleGround Capital, a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired Manth-Brownell through its portfolio company Alco Manufacturing Corporation, which MiddleGround acquired in July 2018. 

This transaction represents MiddleGround’s fourth acquisition of 2020.

Manth-Brownell is a manufacturer of precision machined components, primarily serving the electrical connector, fluid power, industrial, appliance, safety and aerospace end markets. The company has a diverse fleet of machines, with over 100 multi-spindle screw machines and 50 CNC turning and milling machines, and operates out of a single facility in Kirkville, NY.

“The integration of Manth-Brownell into our existing business portfolio and manufacturing footprint helps us further broaden and accelerate diversity in our overall machining capabilities, adds many new customers, and enhances our presence in important, complementary markets,” says Alco CEO Matt Dietrich. “We intend to leverage these expanded capabilities to better serve our customers and key markets with increasingly valuable, competitive, and cost-effective products and services.”

John Stewart, MiddleGround Partner, says, “We’re excited about bringing Manth-Brownell together with Alco. Manth-Brownell’s capabilities are impressive, and we are confident that the combined businesses will be able to provide an even more robust offering to their customers with the same excellent service and reliable delivery they have depended on for many decades.”