MiddleGround Capital, a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, announced the acquisition of SixAxis, LLC, a market-leading provider of highly engineered, compliance-driven safety equipment solutions across diverse end markets.
Terms weren’t disclosed.
Headquartered in Andrews, S.C., SixAxis' patent-protected suite of customizable and modular solutions are purpose-built to address companies’ safety and productivity challenges.
Since its founding in 2002, SixAxis has ensured that all designed and manufactured safety and access solutions are compliant with relevant OSHA, ADA and IBC regulations.
The company’s products, offered under the brand families SafeRack, ErectAStep and Upside Innovations, include stairway and platform systems, fall protection and bulk loading solutions.
SixAxis products are also all customizable to meet customer requirements within facilities across a range of end markets, including food and beverage, bulk chemical, commercial / modular buildings, energy transportation, and general industrial.
With two manufacturing locations and four stocking/distribution centers supporting over 1,900 active customers, company officials say SixAxis helps establish and maintain worker safety conditions for companies throughout the industrial landscape.
Coupled with MiddleGround Capital’s operational expertise, SixAxis will continue to pursue a multi-faceted growth plan across end markets, products and customers, according to company officials.
Piper Sandler acted as exclusive financial advisor to SixAxis in its sale to MiddleGround Capital.
MiddleGround Capital, based in Lexington, Ky., has over $2 billion of assets under management.