Dechert Advises MiddleGround Capital on Trio of Acquisitions in Three Months

Dechert has advised MiddleGround Capital on a trio of acquisitions in three months: Lindsay Precast, Plasman Holdings and Arrow Tru-Line.

On November 5, MiddleGround announced the acquisition of Lindsay Precast, a designer and manufacturer of engineered precast concrete structures for water/wastewater, utility, solar, transportation, and government end markets. Lindsay Precast is MiddleGround’s first platform investment in Fund II, which MiddleGround raised earlier this year with $800 million of committed capital.

Announced October 25, Dechert advised MiddleGround on its acquisition of Plasman Holdings, a single-source solutions provider to automotive original equipment manufacturers for exterior products and systems.

These deals come on the heels of Dechert’s September representation of MiddleGround in its acquisition of Arrow Tru-Line, an independent manufacturer and supplier of overhead garage door hardware components, selling into residential and commercial markets.

MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion in assets under management. MiddleGround makes control equity investments in lower middle market B2B industrial and specialty distribution businesses. MiddleGround 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.

The Dechert team advising MiddleGround on the Lindsay Precast acquisition included private funds partner Omoz Osayimwese; corporate partner Michael Darby and associates Usman Liaqat, Joshua Kim and Ji Hong Park; finance partner Lindsay Flora and associate Daniel Chesler; real estate special counsel Francois Quintard-Morenas; tax partner Joshua Milgrim and associates Elizabeth Guidi and Ishani Kundu; employee benefits partner Howard Klein and associates Sarah Burke, Michael Binko and Baraka Nasari; antitrust partner James Fishkin and counsel Beverly Ang; intellectual property partner Thomas Rayski and associate Frank Hwang; environmental special counsel John Ix; labor counsel Ian Downes and associate Tanya Warnke; international trade partner Darshak Dholakia; privacy & cybersecurity partner Timothy Blank and associates Colleen Hespeler and Hilary Bonaccorsi.

The cross-border Dechert team advising MiddleGround Capital on its acquisition of Plasman included private funds partner Omoz Osayimwese and associates Inna Vysman and Cephas Chen, corporate partners Stephen Pratt and Eric Deltour, and associates Paul Bennett, Ranjini Ramesh, Michelle Lee, Ysabelle Vuillard, Geoffroy Fink, Veronica Casellas Santana and Sonja Feser; real estate special counsel Francois Quintard-Morenas; finance partners Lindsay Flora and Sarah Gelb, counsel Eng-Lye Ong and associate Anastasia Seliankina; tax partner Joshua Milgrim and associates Elizabeth Guidi, Ishani Kundu and Kalina Hannsz; environmental partner Abbi Cohen and special counsel John Ix, antitrust partners Clemens York and James Fishkin, counsels Michael Okkonen and Beverly Ang, and associate Delphine Strohl; employee benefits partner Howard Klein and associates Michael Binko and Sarah Burke; intellectual property partner Thomas Rayski and associate Frank Hwang; privacy & cybersecurity partner Timothy Blank and associates Colleen Hespeler and Hilary Bonaccorsi; labor counsel Ian Downes.

About Dechert 

Dechert is a leading global law firm with 22 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.