MiddleGround’s Acquisition of Lindsay Precast

Dechert has advised MiddleGround Capital on the deal.

MiddleGround completed the acquisition of Lindsay Precast, a designer and manufacturer of engineered precast concrete structures for water/wastewater, utility, solar, transportation, and government end markets. Lindsay Precast is MiddleGround’s first platform investment in Fund II, which MiddleGround raised earlier this year with $800 million of committed 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.

The Dechert team advising MiddleGround on the Lindsay Precast acquisition included private funds partner Omoz Osayimwese (Picture); corporate partner Michael Darby and associates Usman Liaqat, Joshua Kim and Ji Hong Park; finance partner Lindsay Flora and associate Daniel Chesler; real estate special counsel Francois Quintard-Morenas; tax partner Joshua Milgrim and associates Elizabeth Guidi and Ishani Kundu; employee benefits partner Howard Klein and associates Sarah Burke, Michael Binko and Baraka Nasari; antitrust partner James Fishkin and counsel Beverly Ang; intellectual property partner Thomas Rayski and associate Frank Hwang; environmental special counsel John Ix; labor counsel Ian Downes and associate Tanya Warnke; international trade partner Darshak Dholakia; privacy & cybersecurity partner Timothy Blank and associates Colleen Hespeler and Hilary Bonaccorsi.

Involved fees earner: Elizabeth Guidi – Debevoise & Plimpton; Beverly Ang – Dechert; Michael Binko – Dechert; Timothy Blank – Dechert; Hilary Bonaccorsi – Dechert; Sarah Burke – Dechert; Daniel Chesler – Dechert; Michael Darby – Dechert; Darshak Dholakia – Dechert; Ian Downes – Dechert; James Fishkin – Dechert; Lindsay Flora – Dechert; Colleen Hespeler – Dechert; Frank Hwang – Dechert; John Ix – Dechert; Joshua Kim – Dechert; Howard Klein – Dechert; Ishani Kundu – Dechert; Usman Liaqat – Dechert; Joshua Milgrim – Dechert; Baraka Nasari – Dechert; Omoz Osayimwese – Dechert; Ji Hong Park – Dechert; Francois Quintard-Morenas – Dechert; Thomas Rayski – Dechert; Tanya Warnke – Dechert;

Law Firms: Debevoise & Plimpton; Dechert;

Clients: MiddleGround Capital;