Summit Equity Group & Midwest Growth Partners Acquire Livingston Machinery Company; Create Ag Solutions Group Platform

Midwest Growth Partners and Summit Equity Group Acquire Manitowoc Tool & Machining

December 15, 2022

Manufacturing

Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.

Midwest Growth Partners and Summit Equity Group Invest in FAST Ag Solutions

November 2, 2020

Manufacturing

Midwest Growth Partners (MGP), in partnership with Summit Equity Group (SEG) and FAST Ag Solutions' senior management, announced an investment in FAST Ag Solutions, a Windom, Minnesota-based manufacturer of liquid fertilizer application and spraying equipment. The capital partnership will support the company's organic growth and pursue growth via mergers and acquisitions; FAST Ag Solutions employs 51 full-time team members and serves customers in the United States and select international markets.

Alta Equipment Group Acquires Midwest Mine Services

November 18, 2021

Industrial Services

Alta Equipment Group Inc. agreed to acquire Midwest Mine Services LLC to expand its engineering and design capabilities within its construction business segment and broaden its aggregate-processing solutions across Alta's branch network. Midwest Mine Services, headquartered near Toledo (Northwood), Ohio, generated approximately $17 million in revenue and $1.3 million of adjusted EBITDA for the trailing twelve months ended July 2021; terms were not disclosed and the transaction was expected to close in Q4 2021.

Manitowoc Tool & Machining Acquires Mid Valley Industries

February 8, 2024

Manufacturing

Manitowoc Tool & Machining (a portfolio company backed by Summit Equity Group, Midwest Growth Partners and NewSpring Mezzanine) completed the acquisition of Mid Valley Industries, a Kaukauna, Wisconsin-based precision contract manufacturer, on January 17, 2024. The deal is an add-on to MTM's platform and is intended to expand MTM's large turning and milling capabilities and broaden its end-market exposure to heavy equipment, aerospace/defense and energy customers.

Manitowoc Tool & Machining Acquires G&V Machine Company

May 3, 2023

Manufacturing

Manitowoc Tool & Machining, a portfolio company of Midwest Growth Partners, completed the acquisition of G&V Machine Company on May 3, 2023. G&V, an ISO 9001:2015 certified production CNC machining firm based in Ixonia, Wisconsin, supplies complex parts to construction, agriculture, on‑highway trucking, forestry, mining and other OEM industries; the deal expands MTM's capacity, capabilities and end-market reach.

Midwest Growth Partners Acquires Incorp Holdings

December 18, 2020

Industrial Services

Midwest Growth Partners led a transaction to acquire Incorp Holdings, LLC, with subordinated debt and equity provided by NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street), Lowe Capital, Spring Capital, Pete Vrettakos, and Incorp's senior management team. Incorp, an Evansville, Indiana-based specialty contractor providing insulation, scaffolding and multi-craft industrial services, will use the proceeds to expand service lines and geographic coverage to support organic and acquisitive growth.