MiddleGround Capital Acquires Race Winning Brands, Its Third Fund II Platform in Two Weeks
Summary
LEXINGTON, Ky.--(BUSINESS WIRE)--MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce it has acquired Race Winning Brands (“RWB”). Earlier this year MiddleGround Capital raised over a billion dollars for their second flagship fund and an overflow vehicle dedicated to the firm’s mobility strategy. RWB is the leader in pistons, engine blocks, cylinder heads, intake manifolds, valves, connecting rods, crankshafts, clutches and rotating assembly components. RWB sells to a diverse and unmatched customer base of professional and sportsman racers, engine builders, enthusiasts, OEMs, automotive and powersports dealers and wholesale distributors. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies.