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MiddleGround Capital Acquires Supra Alloys and EDGE International from Titan Metal
Wednesday 03 June 2020

US-based private equity firm MiddleGround has completed the acquisition of US metal distributors Supra Alloys and EDGE International from Titan Metal Fabricators to broaden geographic reach in medical and aerospace markets, the company said.

Terms of the transaction were not disclosed.

The two businesses will be combined with Banner Industries, a portfolio company of MiddleGround that was acquired in December 2019.

Supra and Edge are value-added stocking distributors of metal bar, plate and sheet product.

Supra supplies commercially pure and alloy titanium in all forms for use in aerospace, medical, and industrial end markets, and Edge provides medical grade cobalt-chrome, stainless and titanium bar for medical implants and instruments, including orthopedic, spinal, and trauma medical device applications.

Supra is value-added distributor of commercially pure and alloy titanium products serving aerospace, medical, and industrial end markets.

Edge is a value-added stocking distributor of medical grade cobalt-chrome, stainless and titanium bar for medical implants and instruments, including orthopedic, spinal, and trauma medical device applications.

Banner Industries is a value-added metals processor and distributor serving OEMs, contract manufacturers, and precision machine customers through two divisions: Banner Service Corp. and Banner Medical Innovations.

MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and speciality distribution sectors.
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Date Published: 03/06/2020

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