Xtrac
Assembly Line
MiddleGround Capital’s European Office Makes First Platform Acquisition with Close of UK-Based Automotive Transmission Systems Manufacturer Xtrac
MiddleGround Capital, an operationally focused private equity firm that makes control investments in middle market B2B industrial and specialty distribution companies globally, today announced that its European office has completed its first platform acquisition with the purchase of Xtrac (“the Company”), the leading manufacturer and supplier of high performance transmissions for top-level professional motorsport and specialist high performance automotive applications.