LEXINGTON, Ky. (BRAIN) — Private equity firm MiddleGround Capital announced Tuesday that it acquired HLC. Headquartered in Lévis, Quebec, and Lexington, South Carolina, HLC was founded 75 years ago and is a distribution partner to established and start-up brands. HLC's portfolio of owned brands include Evo, WheelShop, PWR bikes, and Eclypse. MiddleGround Capital is based in Lexington, Kentucky, with more than $2 billion of assets under management. MiddleGround makes control equity investments in middle-market B2B industrial and specialty distribution businesses.

Source: Wall Street Journal September 20, 2022 13:07 UTC