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

LEXINGTON, Ky.–(BUSINESS WIRE)–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 MiddleGround’s 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 Firm’s 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

Contacts

Media:
Ari Cohen
212-883-4008
ari.cohen@moelisam.com