SHG advised Ron Iannucci, majority owner of Kaddis Manufacturing Corporation on its sale to Alco Manufacturing, a portfolio company of MiddleGround Capital. SHG ran a formal process to both strategic and financial buyers, and was responsible for creating marketing materials profiling the opportunity, identifying and contacting targets, negotiating transaction terms, and managing the due diligence process.
About Kaddis:
Kaddis is a manufacturer of precision machined components for the fluid system, industrial sensor, medical device, motor and automotive end markets. 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. The company was founded in 1939 and based in Rochester, NY. For more information, please visit: https://kaddis.com/.
About Alco:
Headquartered in Elyria, OH, Alco is a leading manufacturer of hydraulic connectors for industrial and consumer end markets in the US. Alco manufactures steel, aluminum and brass products, including hydraulic connectors, garden hose connectors, plumbing cartridges, natural gas fittings and quick connect devices, among others. Alco was founded in 1971 and has been a portfolio company of MiddleGround Capital since 2018. For more information, please visit: www.alco.com.
About MiddleGround Capital:
MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion in assets under management. MiddleGround makes control equity investments in lower 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. For more information, please visit: www.middlegroundcapital.com.
