MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of Kaddis Manufacturing Corporation (“Kaddis”) through its portfolio company Alco Manufacturing Corporation (“Alco”). This transaction marks MiddleGround’s second add-on acquisition to the Alco platform since acquiring the company in July 2018. MiddleGround’s first add-on acquisition to Alco was Manth-Brownell, a precision machine parts manufacturer located in Kirkville, NY, in August 2020.
Kaddis is a manufacturer of precision machined components for the fluid system (including hoses), industrial sensor, medical device, motor and automotive end markets, headquartered in Rochester, NY. The Company has a variety of different machining capabilities including Davenport/Acme screw machines, Tornos multi-spindle Swiss CNCs, Tsugami single spindle Swiss CNCs, Bechler Swiss machines and Escomatic Swiss machines.
Courtesy of MiddleGround Capital.