# MiddleGround Capital acquires majority ownership of Dura Automotive Systems

Private equity firm MiddleGround Capital acquired majority ownership of Dura Automotive Systems, a global designer and manufacturer of automotive systems including mechatronics, lightweight structures and exterior trim.

- Type: Acquisition
- Announced: 2020-09-28
- Where: Auburn Hills, Michigan, United States
- Status: completed
- Products: shift-by-wire actuators, ADAS, EV battery trays, mechatronic control systems, aluminum roof rails
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dura Automotive Systems](https://endata.com/companies/17282.md) (target)
- [Shiloh Industries](https://endata.com/companies/30284.md) (target)
- [MiddleGround Capital](https://endata.com/companies/38919.md) (acquirer)
- [Bardin Hill Investment Partners](https://endata.com/companies/50201.md) (investor)
- [Grouper Holdings, LLC](https://endata.com/companies/50837.md) (acquirer)

## Sources

- [ai-online.com](https://ai-online.com/2020/09/smart-money-on-electrification-and-lightweighting/), 2020-09-28: "Dura's engineering capabilities have made it a key supplier to its customer base for many decades."
- [businesswire.com](https://www.businesswire.com/news/home/20201028006303/en/Shiloh-Industries-Inc.-to-Proceed-with-Sale-to-Grouper-Holdings-LLC-a-Subsidiary-of-MiddleGround-Capital), 2020-10-29: "Shiloh Industries, Inc. ... has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware and is moving forward under the previously announced asset purchase agreement with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.