MiddleGround Capital (MiddleGround), an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, is pleased to announce that it has completed the sale of its portfolio company Vytl Controls Group (Vytl), previously known as PVI Holdings, Inc., to an affiliate of SunSource, a value-added industrial distributor and solutions provider with established positions in fluid power, fluid process, fluid conveyance, and industrial automation components and systems in the U.S. and Canada.
Headquartered in The Woodlands, Texas, Vytl operates globally in the distribution, service & repair, and design and manufacturing of flow control solutions serving maintenance, repair, and operations applications across chemical, downstream energy, marine, and other industrial end markets. The company offers both third-party and proprietary-branded products, complemented by in-house engineering and repair services.
Vytl operates through three business units: Setpoint Integrated Solutions, a distributor of valves, actuators, and instrumentation primarily serving the chemical and downstream energy markets; W&O Supply, a global distributor of technical flow control products and solutions to the military and commercial maritime sectors; and AT Controls, a designer and manufacturer of valves, actuators, and process control accessories for a wide range of industrial applications. MiddleGround rebranded the company from PVI Holdings to Vytl to unify the company’s operations and integrate an improved go-to-market structure.