MiddleGround Capital
About MiddleGround Capital
MiddleGround Capital is an operationally focused private equity firm founded in 2018, with offices in Lexington (KY), New York City, and Amsterdam. With approximately $4 billion in assets under management, we invest in lower middle-market B2B industrial and specialty distribution businesses across North America and Europe. What sets us apart isn’t just what we invest in — it’s how we do it.
Operators, not just investors
Most PE firms advise from the boardroom. We get our hands dirty. Our team is built by people who come from the manufacturing floor and have real, hands-on experience running industrial businesses. When we partner with a management team, we bring operational expertise across finance, automation, ESG, data science, and HR — not just capital. This means our investment professionals work at the intersection of finance and operations, building real companies and tangible impact.