Core Insights - MiddleGround Capital has entered into a definitive agreement to sell its portfolio company Lindsay Precast to TJC, LP, marking a significant transaction in the infrastructure sector [1][5]. Company Overview - Lindsay Precast is a leading manufacturer of prefabricated concrete and steel products, serving critical infrastructure needs for government entities, utilities, renewable energy companies, and the military [2][9]. - The company operates a vertically integrated network of 10 production facilities across the U.S., enhancing quality and minimizing supply chain risks [3][9]. Operational Highlights - Lindsay Precast has made substantial investments during MiddleGround's ownership, including geographic expansion and facility upgrades, which have strengthened its operational capabilities [4][5]. - The company successfully acquired Dutchland Incorporated in 2022, enhancing its offerings in the water and wastewater sectors [4]. Market Position - Lindsay Precast is positioned as a national leader in infrastructure and energy-related precast and steel solutions, catering to the growing demand for sustainable infrastructure [4][5]. - The company's operations support a range of sectors, including traditional utilities and renewable energy projects, reflecting its adaptability in a changing market [4]. Financial Context - MiddleGround Capital acquired Lindsay Precast in November 2021 through its second fund, which closed with $800 million of committed capital [5]. - This transaction represents MiddleGround's fourth exit since its establishment in 2018 and the first exit from MiddleGround Partners II, LP [5]. TJC Overview - TJC, LP, formerly known as The Jordan Company, has over $33.2 billion in assets under management and has a long history of working with various industries [9].