PVI Holdings, Inc. Acquired by MiddleGround Capital

Photo Credit: MiddleGround Capital

MiddleGround Capital has acquired PVI Holdings, Inc. MiddleGround is an operationally focused private equity firm that makes control investments in the North American middle market primarily focused on B2B industrial and specialty distribution companies.

Included in this transaction are Setpoint Integrated Solutions Inc., W&O Supply and A-T Controls, Inc.

“It was a cultural fit from our first meeting. MiddleGround brings a unique style to private equity that has my team fired up about the future,” said Brad Bergeron, PVI CEO. “We value their operational expertise, passion for continuous improvement, and believe they are the perfect owner for PVI’s next phase of growth.

“We are extremely excited to partner with MiddleGround on the next phase of growth,” said Brian Wright, president. “A-T Controls has the broadest offering in the quarter turn valve industry. We focus on responsiveness, solution-oriented selling, and value-added service and assemblies. Our attention to quality and constant product improvements as well as new product introductions will excel our growth.”

Matte Bate, Setpoint president, also remarked on the company’s new partnership with Middleground. "Setpoint’s focus on caring for and creating value for our people, our customers and the communities we serve will continue,” he said. “Our partnership with MiddleGround will enhance and accelerate those efforts and create additional opportunities for growth.”

For more information, visit www.middlegroundcapital.com.