Midwest Growth Partners

Midwest Growth Partners is a private equity firm established in 2013 and located in West Des Moines, Iowa. With a fund size of $41 million, it focuses on mid-market investments, primarily in the manufacturing, food, agriculture, and distribution and logistics sectors. The firm seeks investment opportunities in growth-oriented companies, particularly in upper Midwest communities. It aims to provide succession planning liquidity for retiring business owners as well as growth capital for established businesses looking to expand. Midwest Growth Partners typically invests between $500,000 and $20 million across 10 to 15 companies, emphasizing a commitment to enhancing the potential of its portfolio through strategic investment.

Ben Fogle

Partner

Zane Hendricks

Vice President

John Mickelson

Founding Partner and Managing Partner

Russ Taylor

Co-Founding Partner and Operating Partner

Mike Taylor

Co-Founder and Partner

Past deals in Iowa

AgCertain

Private Equity Round in 2019
AgCertain is a company that specializes in the development and supply of food and pharmaceutical-grade specialty vegetable oils and glycerin. It produces a range of vegetable oils, including non-GMO, organic, high-performance, and conventional options. AgCertain serves various industries, such as automotive, personal care, cosmetics, and food and beverages, providing clients with the necessary products to meet their specific requirements. The company's focus on agricultural and bio-based product development enhances its capabilities in supply chain management, ensuring the availability of preserved foods and products tailored to customer needs.

Maytag Dairy Farms

Private Equity Round in 2019
Maytag Dairy Farms, established in 1941 and based in Newton, Iowa, specializes in the production and sale of cheese products. The company is renowned for its artisanal blue cheese and offers a variety of cheese spreads. In addition to these products, Maytag Dairy Farms also produces white cheddar and popcorn, catering to a diverse range of customer preferences.

Inland Coatings

Private Equity Round in 2014
Inland Coatings Corporation, founded in 1978 and based in Adel, Iowa, specializes in the development and production of coatings and applications, primarily for roofing systems. The company offers a range of products, including rubber roof coatings, liquid roofing, rubber seam compounds, roofing sealers, and other related materials designed for various roofing applications such as metal, EPDM, TPO, and polyurethane foam roofing. Inland Coatings focuses on creating cost-effective, easy-to-apply solutions that are resistant to environmental factors like salts, acids, and alkalis, while also demonstrating high tensile strength, elongation, and adhesion. The company serves building owners, equipment manufacturers, and contractors, contributing to the maintenance and longevity of commercial and industrial buildings.

Countryside Tank Company

Private Equity Round in 2013
Countryside Tank Company manufactures propane and anhydrous ammonia transport trailers.

Majona Steel

Private Equity Round in 2013
Majona Steel operates as a steel fabricator for a wide range of products. Its services cover transport tank trailers, steel storage tanks, pressure vessels, platform systems, stairs, ladders, railings, fall protection systems, and structural steel framing systems.
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