MiddleGround Capital closes $440 million vehicle to combine Castle Metals and Banner Industries

MiddleGround Capital closed a $440 million continuation vehicle to purchase Banner Industries and A.M. Castle & Co., combining them into a leading metals processor and distributor with combined revenue of about $950 million.

“MiddleGround Capital today announced the successful closing of MiddleGround Carbon CV, L.P., a single asset continuation vehicle with approximately $440 million in capital commitments that provided the capital to purchase Banner Industries and A.M. Castle & Co.”finance.yahoo.com

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• finance.yahoo.comMiddleGround Capital Closes $440 Million Continuation Vehicle to Combine Castle Metals and Banner IndustriesMiddleGround CapitalNov 21, 2023

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