MiddleGround Capital’s Post

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Some pairs just make sense: peanut butter and jelly, cheese and wine, Castle Metals and Banner Industries. Last week, Ryan McComb, a Managing Director on our Transaction Team, sat down with Michael Schoeck from PE Hub to discuss our transformative Castle/Banner continuation vehicle and the add-on opportunities ahead. "MiddleGround had been chasing Castle for years and decided to pivot from selling Banner to acquiring Castle and merging the business together to recognize the significant synergies the companies presented," said Ryan. Since acquiring Banner, we've made impactful add-ons with Supra Alloys, Edge International, and NKS, broadening our capabilities in aerospace and defense with high-grade titanium and medical-grade cobalt chrome. Our current focus is identifying add-ons that enhance our #manufacturing capabilities, provide entry into new markets, and increase our value proposition. With 1,500 employees across 40 facilities globally, the Castle/Banner platform aims to be a one-stop shop for metal fabrication needs - serving everyone from smaller contract manufacturers to major OEMs like Airbus and Boeing. Read the full interview here: https://bit.ly/3XsNQEn #privateequity

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Dan Rothe

Senior Contract Consultant, Interim Executive

3mo

Congratulations MGC team.

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