BDO Capital Advises on Sale of Dutchland, Inc.

Boston, MA – November 30, 2022 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Dutchland, Inc. (Dutchland or the Company) to Lindsay Precast, a portfolio company of MiddleGround Capital (MiddleGround). BDO Capital served as exclusive financial advisor to Dutchland on this transaction, which builds on the firm’s experience advising family-owned businesses in the manufacturing sector.

Dutchland is a leading manufacturer specializing in engineering, manufacturing, and assembling structures for water and wastewater facilities. Dutchland holds a 40+ year track record in combining operations expertise and product design in providing client solutions. Dutchland is based in Gap, Pennsylvania, and has over 150 highly skilled employees who design and build advanced wastewater treatment systems, storage tanks, and other highly specialized precast concrete structures.

“Since the establishment of our business in the early 1980’s, we have been recognized as a leading manufacturer of precast post-tensioned concrete structures across water and wastewater infrastructure for local communities across the mid-Atlantic region,” said Ben Kauffman, President & CEO of Dutchland. He added: “we believe MiddleGround will prove to be a great partner as they support our core values and ethical approach to business, and we look forward to future development under their management team.”

“Dutchland is a natural and complementary addition to our platform, and we believe that combining our businesses will make us more than the sum of our parts, especially with MiddleGround Capital’s deep operating experience,” said Ron Lindsay, President of Lindsay Precast. “We welcome their dedicated team and are excited to collaborate with them as we expand their capabilities within our footprint and beyond.”

Lindsay Precast is a premier concrete manufacturer and steel structure fabricator, serving state and municipal government entities, banks, utility companies, renewable energy companies, and the US military. The company has over 200 products manufactured in-house, with 8 facilities located in OH, CO, FL, NC, and SC, totaling around 350 employees.