MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired Megatech, a new digital manufacturing platform focused on computerised numerical control machining of highly-complex, highly-precise, low volume engineered parts.
MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired Megatech, a new digital manufacturing platform focused on computerised numerical control machining of highly-complex, highly-precise, low volume engineered parts.
Megatech produces a wide variety of products for over 100 customers across numerous end markets including optics & photonics, robotics, non-destructive testing, medical, and A&D, among others.
MiddleGround plans to organically and inorganically build a larger platform around Megatech focused on highly-specialised, complex, low-to-medium volume prototyping and production parts in the outsourced manufacturing space with strong revenue tailwinds driven by Industry 4.0 trends.
Stifel acted as exclusive financial advisor to Megatech.
