Hartford companies acquired by Kentucky firm

Daily News Staff

June 6, 2019

WEST BEND — A Kentucky-based private equity firm announced this week it had bought two Hartford manufacturing companies, plus one in Milwaukee.

MiddleGround Capital said in a news release that it had closed on deals to acquire Steel Craft Corp. and Hartford Finishing LLC, both in Hartford. It also acquired Capitol Stampings Corp. in Milwaukee.

Tom Verbos, CEO of the three companies, wasn’t immediately available for comment Wednesday. Efforts to seek statements from MiddleGround, which is headquartered in Lexington, Kentucky, weren’t successful.

Gary and Gene Wendorff founded Steel Craft more than 40 years ago, according to the acquisition statement. A note on Steel Craft’s website says Gene Wendorff remains the president of a company that also includes both Hartford Finishing and Capitol Stampings.

In a statement, Verbos said “MiddleGround has emerged as the perfect partner to help the Wendorff family of companies transition from three independent operations to one aligned company that provides vertically integrated solutions to our customers.”

Hartford Finishing specializes in coating, metal treatments and other finishings, while Steel Craft does work in laser cutting and other heavy metals processes.

Besides stamping, Capitol Stamping also performs welding, according to Steel Craft’s website.

<<EARLIER: Steelcraft proposes to expand Hartford location