MiddleGround Capital Expands with Three New Hires in New York and Lexington

MiddleGround Capital (MiddleGround), a new private equity firm that makes control investments in business-to-business (B2B) industrial and specialty distribution companies, today announced the addition of three investment professionals across their New York City and Lexington, Kentucky offices.

Christen Paras joins MiddleGrounds New York office as the Principal of Business Development and Sourcing. She previously oversaw the Global Business Development team at CoBe Capital and was responsible for originating new investment opportunities, building relationships with corporate sellers and investment banks, and supporting M&A transaction processes. MiddleGround is also adding Lindsay Quintero as an Associate to its New York office. Ms. Quintero joins from Harris Williams where she was most recently an Investment Banking Analyst.

MiddleGround continues to deepen its industry expertise with the addition of Greg Haddix who will join the Firms Lexington, Kentucky headquarters as a Vice President. Mr. Haddix is a 30 year veteran of Toyota Motor Corp, having most recently served as an Assembly Plant Manager and Plant Project Manager for Toyota Motor Manufacturing, Kentucky.

Our new platform continues to draw top talent from both banking and the industrials & manufacturing verticals, said John Stewart, co-founder of MiddleGround. We are excited to welcome Christen, Greg, and Lindsay to MiddleGround. Each of them brings a unique skill set that will allow us to identify new opportunities, provide enhanced support to our portfolio companies, and grow our business.

Earlier this year, MiddleGround announced that it completed the acquisition of its first portfolio company, Alco Manufacturing Corporation, in July 2018. Based in Elyria, Ohio, Alco is a precision machiner of high tolerance hydraulic connectors, garden hose couplings and plumbing cartridges.

About MiddleGround Capital

MiddleGround Capital is a newly formed private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors. The firm works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. Founded by John Stewart, Lauren Mulholland and Scot Duncan, the firm is based in Lexington, Kentucky with an office in New York City. For further information, please visit: www.middlegroundcapital.com

Ari Cohen
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