MiddleGround Capital, a private equity firm focused on B2B industrial and specialty distribution firms, has acquired Kaddis Manufacturing Corp. through its portfolio company Alco Manufacturing Corp.
This is MiddleGround’s second add-on acquisition to Alco since purchasing the firm in 2018. Kaddis is a manufacturer of precision machined components for fluid system, industrial sensor, medical device and motor and automotive end markets. The firm offers a spectrum of machining capabilities.
“We are very pleased to add Kaddis into MiddleGround Capital’s existing Alco Manufacturing Corp platform with this acquisition,” added Alco CEO Matt Dietrich. “Kaddis’ specialty manufacturing capabilities further broaden and accelerate diversity across several important dimensions in our overall machining business, particularly around the precision machining of brass and aluminum materials.”