MiddleGround Capital acquires 13 manufacturing facilities from Peterson Springs.

MiddleGround Capital, a newly formed private equity firm that makes control equity investments in lower middle market North American companies, acquires Peterson Springs, a leading specialty spring manufacturer with thirteen facilities throughout North America and the United Kingdom. Financial terms were not disclosed. The deal involves the acquisition of the 13 specialty spring manufacturing facilities throughout North America and the United Kingdom. MiddleGround team will partner with Peterson’s management team and employees to help the company increase operational efficiency and provide necessary resources to fuel the company’s long-term growth. “We are honored to continue the legacy that the Peterson family began over 100 years ago,” John Stewart, MiddleGround Co-founder.