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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, a private equity firm, acquired A.M. Castle & Co., a provider of metals, services, and supply chain solutions for industrial and aerospace customers. The acquisition was announced on June 15, 2023.