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 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 VP 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.
