CLIENT SUCCESS STORY

Kaddis is a manufacturer of precision machined components for the fluid system, industrial sensor, medical device, motor and automotive end markets, headquartered in Rochester, NY. The company has a variety of different machining capabilities including Davenport/Acme screw machines, Tornos multi-spindle Swiss CNCs, Tsugami single spindle Swiss CNCs, Bechler Swiss machines and Escomatic Swiss machines.

SHG was hired as the exclusive sell side advisor to Kaddis Manufacturing. A process was run including the preparation of an investor package, target list identification and outreach. Several offers were received and entertained. MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle-market B2B industrial and specialty distribution companies, announced Nov. 18 the acquisition of Kaddis Manufacturing Corporation through its portfolio company Alco Manufacturing Corporation (Elyria, OH).

This transaction marks MiddleGround’s second add-on acquisition to the Alco platform since acquiring the company in July 2018. MiddleGround’s first add-on acquisition to Alco was Manth-Brownell, a precision machine parts manufacturer located in Kirkville, NY, in August 2020.