PVI Holdings, Inc. Acquired by MiddleGround Capital
Investment company MiddleGround acquires three companies under the PVI umbrella.
#maintenance-repair #VMAnews
Share
Photo Credit: MiddleGround Capital
MiddleGround Capital has acquired PVI Holdings, Inc. MiddleGround is an operationally focused private equity firm that makes control investments in the North American middle market primarily focused on B2B industrial and specialty distribution companies.
Included in this transaction are Setpoint Integrated Solutions Inc., W&O Supply and A-T Controls, Inc.
“It was a cultural fit from our first meeting. MiddleGround brings a unique style to private equity that has my team fired up about the future,” said Brad Bergeron, PVI CEO. “We value their operational expertise, passion for continuous improvement, and believe they are the perfect owner for PVI’s next phase of growth.
“We are extremely excited to partner with MiddleGround on the next phase of growth,” said Brian Wright, president. “A-T Controls has the broadest offering in the quarter turn valve industry. We focus on responsiveness, solution-oriented selling, and value-added service and assemblies. Our attention to quality and constant product improvements as well as new product introductions will excel our growth.”
Matte Bate, Setpoint president, also remarked on the company’s new partnership with Middleground. "Setpoint’s focus on caring for and creating value for our people, our customers and the communities we serve will continue,” he said. “Our partnership with MiddleGround will enhance and accelerate those efforts and create additional opportunities for growth.”
For more information, visit www.middlegroundcapital.com.
RELATED CONTENT
-
Cobalt-based Alloy 6 Materials and Boiler Feedwater Service
Q: I’ve heard that cobalt-base Alloy 6 materials should not be used in boiler feedwater service.
-
Actuator Issues? Use This Checklist!
While there may be 40 reasons valve actuators may stop working, there really is only a handful of components that can cause the problems. So, if you have an actuator on the fritz, here are the five things you need to check.
-
Ball Valve Repair 101
From time to time, we are re-posting well-received or particularly valuable articles that have previously run on VALVEMagazine.com so that those who might have missed them will be able to catch up on the best of the best.
 Unloading large gate valve.jpg;maxWidth=214)
