Steel Craft – MiddleGround Capital

Steel Craft

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Investment Date:
May 2019
Exit Date:
Current
Fund:
Fund I
Sector:
Metal Fabrication, Welding, Stamping, Painting/Coating
Headquarters:
Hartford, WI
Footprint:
4 facilities in Wisconsin
Revenue:
~$130 million
End Markets:
Lawn & Garden, Infrastructure, Electrical, Construction

Steel Craft is a leading contract manufacturer providing fabrication, welding, coating, and stamping services to a diverse range of industrial OEM customers. As a vertically integrated player of scale in highly fragmented market, Steel Craft is a preferred partner to its customer base.

Add-On Criteria

  • Geography: Southeast/South US, Mexico, Midwest
  • Size: $5M+ of EBITDA; $30M+ of sales, track record of organic growth
  • End markets: agriculture, aerospace, military, industrial automation, electrical, food processing, infrastructure, data centers
  • Products/applications: weldments, light to medium gauge fabricated components, stamped components
  • Capabilities/services: machining, short-run stamping, coating, complementary capabilities

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