Sources: Middle Ground Capital, Lexington, Ky.; CP staff
Private equity operator MiddleGround Capital has acquired Dutchland Inc., Gap, Pa. precast concrete tank producer and installer. Dutchland offers a unique combination of engineering and process design, operations expertise, and control systems implementation to allow for the efficient execution of water and wastewater projects. The transaction was announced a year after a MiddleGround fund acquired Ohio-based Lindsay Precast.
“Dutchland is a natural and complementary addition to our platform, and we believe that combining our businesses will make us more than the sum of our parts, especially with MiddleGround Capital’s deep operating experience,” says President Ron Lindsay. “We are excited to collaborate with them as we expand their capabilities within our footprint and beyond.”
“Since the establishment of our business in the early 1980s, we have been recognized as a leading manufacturer of precast post-tensioned concrete structures for local communities across the mid-Atlantic region,” adds Dutchland President and CEO Ben Kauffman. “We believe MiddleGround will prove to be a great partner as they support our core values and ethical approach to business, and look forward to future development under their management.”
“We’re thrilled to welcome the experienced team at Dutchland to the Lindsay Precast platform and guide them through its next phase of growth,” notes MiddleGround Founding Partner John Stewart. “The addition of Dutchland product offerings enables us to further diversify from both product and end market sales perspective as we expand our geographic footprint to meet growing demand.”