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MiddleGround acquires Banner Industries


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MiddleGround acquires Banner Industries

Private equity firm MiddleGround Capital completed the acquisition of Banner Industries Inc.

The deal is the fourth made by the private equity firm's inaugural fund.

Banner processes and distributes metal bar products for industrial and medical end markets.

MiddleGround is a lower-middle-market private equity firm that invests in North American business-to-business industrial and specialty distribution sectors.