Private equity firm MiddleGround Capital’s Race Winning Brands (RWB) platform, has completed its second add-on deal with the acquisition of TPT Solutions (TPT).
TPT trades under three market-leading brands—TransGo, RevMax and Transmission Specialties, providing transmission-focused automotive aftermarket performance products for light truck, automotive and SUV/CUV market.
MiddleGround, which makes control investments in North American middle market B2B industrial and specialty distribution companies, acquired RWB in December 2021, and made its first add-on acquisition earlier this month with the purchase of PAC Racing from Peterson American Corporation.
