MiddleGround Capital, a private equity firm that makes control investments in middle-market business-to-business industrial and distribution companies, has bought Megatech, a digital manufacturing platform investment focused on computerized numerical control machining of engineered parts.

Founded in 1992 and headquartered in Quebec City, Quebec, Megatech uses simulation, 3D visualization, analytics and collaboration tools to produce products for over 100 customers. The company’s customer base spans across end markets including optics and photonics, robotics, non-destructive testing, medical and acquisition and distribution, among others. Middleground will look to use its resources to organically and inorganically build a platform around Megatech focused on prototyping and production parts in the outsourced manufacturing space.

“Our Operations Team will help to ensure that Megatech has the tools to meet increased demand, including considering re-configuring existing facility footprints, optimizing machine utilization, adding new machines in the facility’s whitespace, and evaluating opportunities to benefit from advancements in procurement,” comments Marty Sjoquist, director, investment team at MiddleGround.

Stifel acted as financial advisor to Megatech in its sale to MiddleGround Capital.