Midwest Growth Partners Acquires Incorp Holdings

Incorp Holdings (MGP-backed) Invests in East Coast Rigging & Contracting Co.

June 30, 2021

Industrial Services

Incorp Holdings, a portfolio company of Midwest Growth Partners, has made an investment in Laurel, Maryland-based East Coast Rigging & Contracting Co., with participation from Lowe Capital, NewSpring Capital, Spring Capital, Parkway Capital and ECR's senior management. The addition of ECR broadens the Incorp platform's scaffolding, rigging and access equipment rental capabilities and expands its geographic footprint in the Mid‑Atlantic and Florida markets; ECR has approximately 90 employees.

Lowe Capital Management and Construction Safety Group Acquire Incorp Holdings

November 19, 2020

Industrial Services

Lowe Capital Management LLC and Construction Safety Group have acquired Incorp Holdings, LLC, a specialty insulation, scaffolding and multi-craft industrial services provider headquartered in Evansville, Indiana. The transaction, for undisclosed terms, positions Incorp to continue its growth strategy with support from a strategic partner and financial sponsor.

Incorp Holdings Acquires East Coast Rigging & Contracting Co., Inc.

August 30, 2021

Industrial Services

Incorp Holdings, a platform backed by Parkway Capital, Midwest Growth Partners, NewSpring Capital, Spring Capital and Lowe Capital, acquired East Coast Rigging & Contracting Co., Inc. (ECR). The add-on expands Incorp’s service offerings and geographic footprint in the Mid‑Atlantic (Washington D.C./Baltimore) and Florida (Ft. Lauderdale), diversifying the platform’s customer base and capabilities in scaffolding, rigging and infrastructure maintenance.

Midwest Growth Partners Sells Inland Coatings to Confidential Strategic Buyer

May 24, 2021

Manufacturing

Midwest Growth Partners has sold Inland Coatings Holdings, LLC to a confidential strategic buyer, marking an exit for the West Des Moines-based PE firm. Founded in 1978 and headquartered in Adel, Iowa, Inland manufactures roof and automotive aftermarket coatings (SEBS, silicone, acrylic and polyurethane) and includes the previously acquired TRUCO Coatings and Aldo Products brands.

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.

Chicago Growth Partners Recapitalizes The Insco Group

March 15, 2024

Industrial Services

Chicago Growth Partners has completed a recapitalization of The Insco Group, a third-generation family-owned industrial distributor, with BDO Capital Advisors acting as exclusive financial advisor to Insco. Insco sells more than 5,000 in-stock products to biotechnology, industrial and government customers primarily in the U.S. Northeast; CGP is a Chicago-based private equity firm focused on middle-market buyouts and growth investments.