MiddleGround Capital's Alco Manufacturing Acquires Teale Machine.
MANews-(C)2009-2022
Kentucky, US-based private equity firm MiddleGround Capital has acquired New York-based machined parts manufacturer Teale Machine Company through its portfolio company Alco Manufacturing Corp., the company said.
Terms of the transaction were not disclosed.
This transaction marks MiddleGround's third add-on acquisition to its Alco platform since acquiring the company in July 2018.
Teale expands MiddleGround's capabilities, enabling the company to offer a wider array of cost-effective, value-filled products and services.
Ohio-based Alco is a manufacturer of hydraulic connectors for industrial and consumer end markets in the US.
MiddleGround...
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