A Portfolio Company Of
Has Been Acquired By
• On July 17, 2023, MiddleGround Capital (“MiddleGround”) announced the sale of its portfolio company EDSCO Fasteners (“EDSCO”) to Commercial Metals Company (“CMC”)
• EDSCO is a leading provider of anchoring solutions for the electrical transmission market
• “This acquisition further advances CMC’s leadership position in construction reinforcement and extends our capabilities to new and growing applications,” said Barbara R. Smith, Chairman of the Board and CEO, CMC
EDSCO Fasteners, LLC
Since its founding in 1985, the company has grown to become the nation’s largest provider of anchor cages for concrete reinforcement and has developed a strong reputation for customer service and reliability.
Commercial Metals Company
Commercial Metals Company (NYSE: CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, three EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.
MiddleGround Capital is a private equity firm based in Lexington, KY with over $3.3 billion of Assets Under Management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. 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.
Source: Company Filings and Press Release
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