Deal Details

Pon Sells PVI to MiddleGround Capital

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Summary

About

PVI is a market leading flow control distributor focused on serving MRO applications across marine, chemical, downstream energy, and other diverse industrial end markets. The Company provides OEM and proprietary branded valve, actuation, process automation, instrumentation and filtration products alongside in-house engineering and repair services. PVI operates under three business units: Setpoint Integrated Solutions, W&O Supply and AT Controls. PVI employs over 1,000 total employees with 37 facilities across the U.S. and a strategic presence globally.

MiddleGround Capital is a private equity firm based in Lexington, KY with over $2.0 billion of Assets Under Management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies.

Pon, one of the Netherlands largest family companies, is a leading international company and mobility group with 16,000 employees and more than €8.1 billion in revenue. Pon Holdings operates in a variety of markets, ranging from consumer and company cars, bikes to infrastructure & construction machines, generators and marine solutions, as well as in the agricultural sector. The company is active in 65 countries with 80 different companies in five business segments: Automotive, Bikes, Equipment & Power Systems, Industrial Mobility and Agriculture Products & Services.

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