PVI Holdings, Inc. acquired by MiddleGround Capital

PVI Holdings, Inc. acquired by MiddleGround Capital


PVI Holdings, Inc. acquired by MiddleGround Capital

Baton Rouge, LA (July 19, 2022) – MiddleGround Capital has acquired PVI Holdings, Inc. MiddleGround is an operationally-focused private equity firm that makes control investments in the North American middle market primarily focused on B2B industrial and specialty distribution companies.

Included in this transaction are Setpoint Integrated Solutions Inc., W&O Supply, Inc. and A-T Controls, Inc.

“It was a cultural fit from our first meeting, MiddleGround brings a unique style to private equity that has my team fired up about the future.” said Brad Bergeron, PVI CEO. “We value their operational expertise, passion for continuous improvement, and believe they are the perfect owner for PVI’s next phase of growth.

“We are extremely excited to partner with MiddleGround on the next step of our journey.” said Matt Bate, Setpoint President. “Setpoint’s focus on caring for and creating value for our people, our customers and the communities we serve will continue. Our partnership with MiddleGround will enhance and accelerate those efforts and create additional opportunities for growth.”



About Setpoint Integrated Solutions (and its subsidiaries)

Setpoint is the leader in the process control industry with nearly 700 dedicated employees supporting 12 facilities across the Gulf Coast. Setpoint’s portfolio includes industry-leading new and remanufactured valve and instrumentation lines serving multiple market segments along with best-in-class repair services.

For more information, please visit www.setpointis.com.


About MiddleGround Capital

MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.4 billion of assets under management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies.

For more information, please visit: www.middlegroundcapital.com.




Ben Davis, Vice President of Sales