MiddleGround Capital Acquires Supra Alloys, EDGE International

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MiddleGround Capital, a private equity firm, completed an acquisition of Supra Alloys and EDGE International from Titan Metal Fabricators, which had purchased the companies in 2015 and 2017, respectively. The two businesses will be combined with Banner Industries, a portfolio company of MiddleGround that was acquired in late 2019. Banner Industries also operates Banner Medical Innovations.

Supra and Edge are stocking distributors of metal bar, plate and sheet product. Supra supplies commercially pure and alloy titanium in all forms for use in medical and other markets, and Edge provides cobalt-chrome, stainless and titanium bar for orthopedic, spinal and trauma device applications. Banner Medical of Banner Industries provides materials and value-added services to offer high-quality processing, reduced supply chain complexity and risk mitigation.

“The addition of Supra and Edge builds scale in medical and aerospace end markets and broadens our geographic reach,” said Dan Stoettner, President of Banner Industries. “We are thrilled about working with the Supra and Edge teams and learning from their expansive industry knowledge so we can further enhance the high quality product and service we provide to our customers.”

“The combination with Banner excites us. We have been successful executing our growth strategy and believe that partnering with Banner will accelerate that growth,” Craig Schank, General Manager of Supra, said.

Stephen Smith, President and General Manager of Edge, said, “We look forward to working with the Banner team and leveraging all of the capabilities Banner has to offer, which will give us a broader competitive advantage in the medical market.”

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