MiddleGround Capital-backed Grouper Holdings to acquire Shiloh Industries for $218m.

Grouper Holdings, a subsidiary of MiddleGround Capital, a private equity firm, agreed to acquire Shiloh Industries, a supplier providing light weighting and noise, vibration and harshness (NVH) solutions to automotive, commercial vehicle and other industrial markets, for $218m. “Shiloh has a unique and attractive portfolio of innovative, lightweighting products and technologies that enable OEMs to reduce on-vehicle weight without compromising strength, safety or performance. Despite recent market conditions, we see tremendous value in Shiloh’s business and differentiated product solutions serving the automotive sector. We look forward to working with the Shiloh team in this new chapter for the Company," John Stewart, MiddleGround Partner.