PLYMOUTH, Mich.--(BUSINESS WIRE)--MiddleGround Capital, a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors, has appointed Brad E. Tolley, president of Shiloh Industries. Tolley takes the helm following MiddleGround Capital’s recent acquisition of Shiloh, an environmentally focused global supplier of lightweighting, noise and vibration solutions.
Tolley, a 27-year industry veteran, has held several executive roles within the company since joining in 2014. During his tenure, he has been instrumental in the company’s significant growth and development globally, expanding Shiloh into Europe and Asia.
“The depth of Brad’s industry knowledge combined with his extensive background in strategic planning, business development, engineering and operations made him the ideal candidate for this position,” said John Stewart, partner at MiddleGround Capital and chairman of Shiloh’s Board of Directors. “Under his leadership, Shiloh will continue to strengthen its unique position in the market as a trusted provider of lightweight mobility solutions.”
Prior to joining Shiloh, Tolley was vice president of strategy and marketing at Varroc Lighting Systems. He has also held leadership positions at Ford Motor Company and Visteon Corporation.
Tolley earned an MBA from Oakland University, and a bachelor of science in mechanical engineering from Purdue University.
About Shiloh Industries:
Shiloh Industries, Inc. is a global innovative solutions provider focusing on lightweighting technologies that provide environmental and safety benefits to the mobility market. Shiloh designs and manufactures products within body structure, chassis and propulsion systems. Shiloh’s multicomponent, multi-material solutions are comprised of a variety of alloys in aluminum, magnesium and steel grades, along with its proprietary line of noise and vibration reducing ShilohCore® acoustic laminate products. The strategic BlankLight®, CastLight® and StampLight® brands combine to maximize lightweighting solutions without compromising safety or performance. Shiloh has approximately 3,200 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America. For more information, please visit: www.shiloh.com.
About MiddleGround Capital:
MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors. It is currently investing out of its first fund. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. For further information, please visit: www.middlegroundcapital.com.