Peterson American Corporation – MiddleGround Capital

Peterson American Corporation

Visit Website
Investment Date:
April 2019
Exit Date:
Fund I
Spring Manufacturing, Wire Forming
Southfield, MI
12 facilities across the US, Canada, Mexico and the UK
~$110 million
End Markets:
Industrial, Racing, Automotive Aftermarket, Truck & Trailer, Automotive OEM

Peterson American Corporation is a designer and manufacturer of highly engineered springs, wire forms, retaining rings, clamps, stampings, and a variety of related sub-assemblies. The Company serves a diverse set of end markets that span automotive OEM, industrial, motorsport/racing, truck & trailer, heavy equipment, and consumer products.

Add-On Criteria

  • Geography: North America
  • Size: $1.5M+ of EBITDA
  • End markets: racing/motorsport, high margin industrial
  • Products/applications: racing springs, valvetrain components, specialty fasteners, medical/aerospace wire forms
  • Capabilities/services: machining, wire forming, assembly

Peterson Company Management

Mike Putz


Mike joined Peterson in 2020, after having most recently served as Alco’s President & CFO. Prior to joining Alco, Mike spent eight years at MPI Products, including four years as Chief Financial Officer and four years as Chief Operating Officer. Mike holds a B.A. in Accounting and an M.B.A. from Wayne State University.




Jay Brown


Jay joined Peterson in 2020, having most recently served as turnaround CFO in a private equity-owned energy company. He has also held CFO / Turnaround positions in stamping, heavy equipment, and Tier 2 automotive, with additional experience in the manufacturing, defense and government sectors. Jay has 35+ years of experience in finance, and holds a B.A. in Literature and an M.B.A. in Finance from the University of Michigan.

Independent Board Members

Barry Green

Partner at HunterPoint Management Consultants

Barry Green is a turnaround specialist, implementing change in companies undergoing or requiring transformation, and has served on a number of boards in both executive and independent roles.  Barry is a UK Chartered Accountant, holds an MBA from The Wharton School, and a BA in economics from Manchester University in the UK.

John Miller

Self Employed

John spent 30+ years in senior procurement and operations roles at Honda, Motorola, Nissan and Whirlpool, most recently as SVP Global Sourcing for Whirlpool.