MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market business-to-business industrial and distribution companies, has purchased Advantage Metal Products, a provider of metal products.
Founded in 1988 and based in Livermore, Calif., AMP offers sheet metal fabrication, CNC machining and other services including assembly, automated powder coating and batch coating. AMP focuses on products with low production volumes for customers located in markets across America. The acquisition works as an add-on for MiddleGround’s Megatech platform. The deal marks the first strategic addition for Megatech since MiddleGround acquired the business in January earlier this year.
“We’re excited to collaborate with the AMP team as we further extend our technology offerings to customers seeking both fabrication and CNC machining services,” says Jean Blanchet, CEO of Megatech.