Middleground Capital Acquires Plasman Holdings, Its Third Automotive Platform In 14 Months
Acquiring Company
MiddleGround Capital
Acquired Company
Plasman
Description
MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Plasman Holdings (“Plasman”). Plasman is the third platform investment MiddleGround has made from its Mobility Strategy. Earlier this year, MiddleGround raised over $1 billion across a series of funds, including its $250 million Mobility Opportunity Fund which invests in companies with exposure to key trends identified by MiddleGround that will shape the future of the automotive industry. The four key trends relate to the electrification of the powertrain, vehicle lightweighting, and advancing connected and autonomous vehicle technologies.
Quick answer
MiddleGround Capital is acquiring Plasman, announced October 25, 2021. MiddleGround Capital is based in Lexington, Kentucky, United States.
- How much did MiddleGround Capital pay for Plasman?
- The deal value was not disclosed.
- What does MiddleGround Capital do?
- MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management.
- Where are MiddleGround Capital and Plasman based?
- MiddleGround Capital is based in Lexington, Kentucky, United States.
- Who are the decision-makers at MiddleGround Capital?
- Fundz holds 2 contacts at MiddleGround Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Fluence Acquires Xlcubed For Excel-Centric, Enterprise-Ready Reporting And Analytics (November 2, 2021)
- Ntiva And Southfield Capital Announce The Strategic Acquisitions Of Netlogicdc And Navakai (November 2, 2021)
- Ntiva And Southfield Capital Announce The Strategic Acquisitions Of Netlogicdc And Navakai (November 2, 2021)
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Frequently asked
Who acquired Plasman?
Plasman was acquired by MiddleGround Capital, based in Lexington. The deal was reported on October 25, 2021. MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management. MiddleGround Capital is privately held and operates in Financial Services.
When did MiddleGround Capital acquire Plasman?
MiddleGround Capital's acquisition of Plasman was reported on October 25, 2021. MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Plasman Holdings (“Plasman”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Plasman do?
Plasman is a leading global manufacturer in bumpers/fascia, grilles, exterior trim and subsystem components. It is privately held, operating in Manufacturing.
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