LEXINGTON, Ky., July 07, 2025 (GLOBE NEWSWIRE) -- MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, today announced that it has entered a definitive agreement to sell its portfolio company Arrow Tru-Line (“ATL”), an independent manufacturer and supplier of structurally critical overhead garage door hardware components, to the Chamber ...

Key Takeaways ALLE acquired ELATEC for $379.1M to enhance its access technology and RFID capabilities. The deal supports ALLE's strategy to grow in non-residential markets like healthcare and hospitality. ELATEC is expected to add $69-$75M in 2026 sales and lift ALLE's adjusted EPS that same year.Allegion plc (ALLE) recently completed the acquisition of ELATEC, including Elatec GmbH and other group entities (ELATEC), from Summit Partners through one of its subsidiaries for €330 million (approximately $379 ...

Group 1 - Allegion plc (ALLE) has acquired Nova Hardware Pty Ltd (Novas) to enhance its door hardware product offerings, although the financial terms of the transaction remain undisclosed [1][7] - Novas specializes in designing and selling door hardware products, which will allow Allegion to strengthen its market presence in the multifamily and commercial sectors in Australia [2][7] - The acquisition aligns with Allegion's growth strategy focused on strategic acquisitions and innovation, as seen in previous acquisitions like Trimco Hardware and Lemaar Pty Ltd [4][5] Group 2 - Allegion's performance is bolstered by the Allegion Americas segment, which is experiencing increased demand for non-residential products across various end markets, including education and hospitality [6] - The company currently holds a Zacks Rank of 3 (Hold), with a year-to-date stock gain of 5.7%, outperforming the industry growth of 4.6% [6] - Rising costs of sales due to higher material costs and increasing selling and administrative expenses present challenges to Allegion's profitability [9]