MiddleGround Capital, a private equity firm that makes control investments in North American, announced that it has completed its acquisition of EDSCO Fasteners, a manufacturer of mission-critical anchoring systems for power-transmission poles and other large steel structures.
EDSCO’s anchoring systems are predominantly embedded in concrete foundations and custom engineered to allow structures to be securely placed on top of them. Each anchoring system is specifically designed for its location and usage, factoring in soil, weather conditions, temperature, and angle.
Predominantly serving the utility transmission and distribution (T&D) structure manufacturers, EDSCO’s product offering includes anchor cages, 18J rebar bolts, smooth bar bolts, bolt hardware, plates, and other fabricated products.
“EDSCO has done an excellent job of establishing itself as a market leader by offering best-in-class product and service to its customers and positioning itself for expansion into adjacent end markets,” said MiddleGround co-founder Lauren Mulholland. “We’re thrilled to be partnering with EDSCO’s management team to continue this legacy and support the company’s next phase of growth.”
This is the fifth acquisition in MiddleGround’s inaugural fund and the fourth platform investment MiddleGround has made in the past nine months.