MiddleGround Capital has sold Lindsay Precast, a leading manufacturer of prefabricated concrete products, to TJC, LP, marking a strategic exit that enhances Lindsay's ability to meet rising infrastructure demands.

Information on the Target

Lindsay Precast, headquartered in Gainesville, Florida, is a leading manufacturer specializing in prefabricated concrete and steel products. The Company serves critical infrastructure needs across various sectors, including state and municipal government entities, utilities, renewable energy companies, diverse commercial businesses, and the military. Established 60 years ago, Lindsay has continually expanded its operations to support modernization efforts in water management, utilities, data centers, transportation, and energy systems throughout the United States.

With a vertically integrated network of 10 production facilities across the U.S., Lindsay Precast maintains full control over design, steel fabrication, concrete casting, and delivery. This level of integration and commitment to U.S.-based manufacturing ensures high-quality products and responsiveness while significantly reducing supply chain risks. This advantage is particularly relevant in today’s environment characterized by onshoring trends and trade volatility.

Industry Overview

The infrastructure industry in the United States is undergoing a substantial transformation driven by heightened demand for modern water management systems, renewable energy s