A.M. Castle & Co.

OVERVIEW

A.M. Castle & Co. is a high-quality metals distributor that supplies manufacturers with the metals they depend on to create what’s next. With a vast inventory, precision value-add processing, and trusted supply chain solutions, they are a reliable partner for customers in aerospace, industrial, and medical markets. These complex verticals face rigorous quality standards, but with 70,000+ products, A. M. Castle & Co. can supply products ranging from aerospace-grade titanium and high-temperature alloys to premium medical-grade materials that meet ISO 13485 standards, in addition to standard carbon steel, stainless steel, brass, aluminum, titanium, and more.

A.M. Castle & Co. was formed in 2023 when MiddleGround Capital merged Castle Metals and Banner Industries. Castle Metals was founded in 1890 and was a leading provider of metals, services, and supply chain solutions serving industrial and aerospace customers. Banner Industries was a leading distributor of high-performance metals for the medical, aerospace and defense sectors. This merger created a powerful combination of complementary strengths, enhancing the ability to serve a broader range of customers and industries.

Investment date
November 2023
EXIT DATE
Current
Fund
MiddleGround Carbon CV
Sector
Metal Processing, Metal Distribution
Headquarters
Carol Stream, IL
Footprint
30 Facilities worldwide*
END MARKETS
Medical, Industrial, Aerospace
*Figure shown at acquisition
Add-On Investments
Investment Date: June 2020

Supra Alloys 

A value-added distributor specializing in titanium and high-temperature alloys as well as aluminum and stainless sheet products serving aerospace, medical, and industrial end markets. Supra is located in Camarillo, CA.

Edge International

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. Edge is located in Warsaw, IN.

Investment Date: November 2021

NKS

A value-added distributor specializing in titanium and high-temperature alloys as well as aluminum and stainless sheet products serving aerospace, medical, and industrial end markets. Supra is located in Camarillo, CA.

MiddleGround Investment Team

RYAN MCCOMB

Managing Director, Transaction

YUJI YOKOI

Vice President, Transaction

ZACH JACKSON

Vice President, Operations

ERIC POLEN

Vice President, Operations