MiddleGround Capital completed the acquisition of IT8.

MiddleGround Capital, an operationally focused private equity firm, completed the acquisition of IT8, an independent engineering services company offering mechanical, electrical, programming, and construction services. Financial terms were not disclosed. “As the industry advances in more highly engineered sectors like e-mobility, there is an increased need for more complex and technical automation capabilities. We believe IT8’s highly technical team is well positioned to adapt and embrace these trends given their proven track record and unique positioning among system integrators," John Stewart, MiddleGround Capital Managing Partner.