MiddleGround, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, agreed to acquire Lindsay Precast, a designer and manufacturer of engineered precast concrete structures for water/wastewater, utility, solar, transportation, and government end markets. Financial terms were not disclosed. "Lindsay Precast represents an opportunity to acquire a leader in the precast concrete market with exposure to the infrastructure sector, as we seek investments with exposure to four key areas within the sector’s supply chain, including aged infrastructure, renewable energy, energy storage, and distributed generation. We believe that with the need for state, local and government spending the infrastructure sector is a great place to find select assets aligned with our investment thesis," Scot Duncan, MiddleGround Founding Partner.