MiddleGround Capital
A Lexington, Kentucky firm with $3.7B AUM buying B2B industrial and specialty distribution companies with $15M to $100M of EBITDA. Founded by former Toyota supply-chain operators, and its Monroe operating model is applied Toyota production discipline.
| Headquarters | Lexington, Kentucky |
|---|---|
| Fund size / AUM | AUM $3.7B (tear sheet, Dec 2024) |
| Check size / target EBITDA | Equity $20M-$350M; EBITDA $15M-$100M |
| Target company size | $40M+ EBITDA |
| Sector focus | B2B industrials, manufacturing, and specialty distribution |
| Strategy | Buyout |
| Add-on acquisitions | Active add-on acquirer |
| Website | middleground.com |
Compiled from MiddleGround Capital's website and public announcements. Numbers change as new funds close; treat this as a starting point, not a term sheet. Report a correction.
Selling to a firm like this?
Buyers like MiddleGround Capital will test your numbers before they trust them.
Crawford McMillan gets mid-market companies diligence-ready: revenue you can trace, metrics you can defend, reporting that holds up in a data room. Free weekly brief on what buyers actually look for.
Get Inside the Data Room