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Dutchland bought by Kentucky company
Paula Wolf//December 5, 2022
Gap, Lancaster County-based Dutchland Inc., a manufacturer and installer of precast concrete tanks across the water and wastewater treatment market, has been acquired by MiddleGround Capital.
Headquartered in Lexington, Kentucky, MiddleGround Capital is a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies.
“Since the establishment of our business in the early 1980s, we have been recognized as a leading manufacturer of precast post-tensioned concrete structures across water and wastewater infrastructure for local communities across the mid-Atlantic region,” Ben Kauffman, president and CEO of Dutchland, which employs approximately 140 people, said in a release. “We believe MiddleGround will prove to be a great partner as they support our core values and ethical approach to business, and we look forward to future development under their management team.”
John Stewart, MiddleGround founding partner, added: “We’re thrilled to welcome the experienced team at Dutchland to the Lindsay Precast platform and guide them through its next phase of growth. The addition of Dutchland’s product offerings to the existing platform enables us to further diversify from both product and end market sales perspective as we expand our geographic footprint to meet growing demand needs.”
Paula Wolf is a freelance writer.
