MiddleGround Capital
“2025 was a choppy year for the market, but our team stayed focused on what we can control.”
– John Stewart, Founding & Managing Partner, MiddleGround Capital
2025 was a year focused on execution and a continued commitment to our strategy. We completed the sales of Arrow Tru-Line and Lindsay Precast, signed an agreement to sell Vytl Controls Group, and as of year-end 2025, had fully realized four of 22 platform investments made since our founding in 2018. Our team remained focused on partnering with industrial businesses, supporting operational improvement, and advancing exit readiness across our portfolio.
Our 2025 Year in Review captures the initiatives and activity across our firm over the past year. Inside, learn more about:
DISCLAIMERS
This post references specific investment exits and realizations, which represent selected favorable outcomes. MiddleGround Capital has highlighted these transactions and has not disclosed information about all investments, including unrealized investments or investments that may have experienced different outcomes. The referenced sale of Vytl Controls Group represents a signed agreement subject to customary closing conditions and is not a completed transaction. The exits referenced do not represent all platform investments made by MiddleGround Capital. Past performance, including successful exits, is not indicative of future results. Individual investment outcomes vary and selected examples are not representative of overall fund performance or returns. John Stewart is a Founding & Managing Partner of MiddleGround Capital and has a material financial interest in the firm’s performance. No separate compensation was provided for this statement.