MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, has promoted seven of its professionals to more senior positions within the firm.
Shelby Hundley has been promoted to Managing Director, Chief of Staff. Based in the firm’s Lexington, KY headquarters, Hundley joined MiddleGround in 2021 following her time at General Electric, where she led organisational growth, and both employee and union relations for Oil & Gas and Steam Power segments.
Zachary Spencer has been named Vice President. Working out of MiddleGround’s New York office, Spencer is a member of the investment team focusing on due diligence and underwriting activities. He joined MiddleGround in 2021 after working at Wells Fargo in the Industrials group, where he concentrated on building product manufacturers.
Erica Richardson, who works on the firm’s transaction team, has been named Vice President. Based in MiddleGround’s headquarters in Lexington, KY, Richardson joined the firm in 2022, bringing experience from Wells Fargo, where she was an Investment Banking Analyst, and from Harbor View Advisors, where she was an Associate.
Taylor Hall, working from MiddleGround’s headquarters in Lexington, KY, has been named Vice President. Hall collaborates with management teams across the portfolio to drive value creation through operational initiatives. Prior to joining MiddleGround in 2021, he held roles at GE Appliances within its financial development program.
Graham Sparks has been promoted to Senior Associate within the firm’s New York office, working on deal origination as part of the Business Development team. Before joining MiddleGround in 2022, Sparks worked at JP Morgan where he was a Private Banking Analyst.
Sebastian Ruff has been promoted to Senior Associate in MiddleGround’s EU location in Amsterdam. In this role, he provides the deal team with support in evaluating and executing transactions, specifically analysing portfolio company performance and business initiatives. He was an Associate at global investment bank Harris Williams prior to coming to MiddleGround in 2023.
Tyler Sebastian has been named Senior Accountant, managing various accounting activities for the firm, including accounts payable and prepaids, along with other financial reporting tasks. He is based in MiddleGround’s headquarters in Lexington, KY.
