MiddleGround Capital completes LS Starrett Company take-private deal

Private Equity Wire

The LS Starrett Company, a manufacturer of precision measuring tools, cutting equipment and metrology systems, has been taken private by an affiliate of private equity firm MiddleGround Capital in an all-cash transaction.

Founded in 1880 by Laroy S Starrett and incorporated in 1929, the LS Starrett Company caters for the industrial, professional and consumer end markets.

The company will operate as a wholly owned subsidiary of MiddleGround, which has over $3.5bn of AUM and makes control equity investments in middle market business-to-business industrial and specialty distribution businesses.

Lincoln International advised Starrett.

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