MiddleGround Capital completed the acquisition of Pi Innovo.

MiddleGround Capital, a private equity firm, completed the acquisition of Pi Innovo, a designer and developer of open platform electronic control systems and control software. Financial terms were not disclosed. “We’re very excited to welcome the talented Pi Innovo team to New Eagle. This acquisition offers the opportunity to pursue growth initiatives while broadening the flexible, secure, open functional-safety solutions we provide to customers. It further reinforces our commitment to partnering with innovative technology and engineering companies aligned with our Mobility Thesis,” John Stewart, MiddleGround Managing Partner.