MiddleGround Capital, a private equity firm that invests in North American middle-market B2B industrial and distribution companies, has bought SixAxis LLC, a provider of safety equipment services.
Headquartered in Andrews, S.C., SixAxis’ suite of customizable and modular services work to help with companies’ safety and productivity issues. The company’s product offerings, including stairway and platform systems, are compliant with OSHA, ADA and IBC regulations. Combined with MiddleGround Capital’s operational experience, SixAxis aims to focus on its growth plan across end markets, products and customers.
“Our team is looking forward to working with SixAxis’ seasoned, growth-oriented management team to support them across a variety of key initiatives with the overarching goal of enhancing operations and supporting the company’s scaling and expansion efforts,” says John Stewart, MiddleGround founding partner. “As an established leader in the space, we envision strong opportunities for SixAxis to grow its customer base and offerings, particularly given their shared conviction for ensuring worker safety is both addressed and taken seriously.”
Piper Sandler served as financial advisor to SixAxis in its sale to MiddleGround Capital.