Tracked deals
29
29 tracked deals across 2019-2025.
Private Equity Firm
Financial Services
Midwest Growth Partners
West Des Moines, Iowa, United States
Midwest Growth Partners (MGP) is a private equity fund manager making lower middle-market investments in established companies in food & agriculture, manufacturing, distribution, and business services.
- Focus Areas
- Private equity fund management, Lower middle-market investments
- Website
- www.mgpfund.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
13 addon · 10 buyout · 4 growth capital
Midwest Growth Partners Acquisition Volume by Year
Last 7 years
Supporting Data
Recent Transactions
Showing the 12 most recent of 29 tracked deals for Midwest Growth Partners.
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June 3, 2025
- Buyer
- Borgman Capital
- Target
- Harlo Corporation
- Seller
- Mary Helen Crooks / Harlo family owners
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.
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- Buyer
- Jackrabbit Equipment Inc., Midwest Growth Partners
- Target
- Exact Corporation
- Industry
- Agriculture
- Location
- California, United States
- Type
- Addon
Jackrabbit Equipment Inc., a portfolio company of Midwest Growth Partners, has merged with Exact Corporation to create an integrated solutions provider for the permanent crop (nut) harvesting industry. The combined business will market both Jackrabbit and Exact brands, with Exact CEO Doug Flora named CEO of the merged entity, and will focus on product innovation, expanded customer support and growth in domestic and international markets.
-
September 29, 2024
- Buyer
- Adams Flavors, Foods & Ingredients, LLC, Midwest Growth Partners, Valesco Industries, Deason Capital Services (Deason Capital), Brookside Capital Partners
- Target
- Goodman's Vanilla (Goodman's Flavorings)
- Industry
- Food & Beverage
- Location
- Missouri, United States
- Type
- Addon
Adams Flavors, Foods & Ingredients, a portfolio company backed by Midwest Growth Partners and partners, completed the acquisition of Goodman's Vanilla (Goodman's Flavorings) on September 29–30, 2024. Goodman's, a Marshfield, Missouri manufacturer of vanillas, flavor extracts and colors, is Adams' first add-on and will support regional expansion of Adams' branded products and the addition of spice offerings under the Goodman's banner.
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September 5, 2024
- Buyer
- Midwest Growth Partners, French Gourmet
- Target
- ShellsbyDesign
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Addon
Midwest Growth Partners' portfolio company, French Gourmet, has merged with Iowa-based ShellsbyDesign to combine complementary frozen tart shells, RTE desserts and artisanal pastry product lines. The merger is intended to expand product offerings and geographic reach for existing customers and to support continued growth under the MGP-backed platform.
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April 25, 2024
- Buyer
- Borgman Capital
- Target
- Buck Bone Organics
- Seller
- Jackie Steigleman, Mark Steigleman, Shane Steigleman
- Industry
- Consumer Products
- Location
- Montana, United States
- Type
- Buyout
Private equity firm Borgman Capital has acquired Buck Bone Organics, a Bozeman, Montana-based maker of 100% natural antler chews, treats and toys for dogs. Terms were not disclosed; Borgman will partner with founders Jackie, Mark and Shane Steigleman to support the company's next phase of growth with senior financing provided by Highland Bank.
-
February 19, 2024
- Buyer
- Borgman Capital
- Target
- Technical Products, Inc.
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Buyout
Borgman Capital, a Milwaukee-based private equity firm, has acquired Technical Products, Inc. (TPI), a Cleveland-headquartered regional chemical distributor. Tom Perovsek will remain president; Borgman said the partnership will help TPI expand products, service levels and geography. Terms were not disclosed.
-
February 8, 2024
- Buyer
- Manitowoc Tool & Machining, Summit Equity Group, Midwest Growth Partners, NewSpring Mezzanine
- Target
- Mid Valley Industries
- Seller
- Gardner Standard LLC
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
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.
-
- Buyer
- Midwest Growth Partners
- Target
- French Gourmet, LLC
- Industry
- Food & Beverage
- Location
- Nevada, United States
- Type
- Growth capital
Midwest Growth Partners, a private equity firm based in West Des Moines, Iowa, has made a growth-capital investment in French Gourmet, LLC, a Sparks, Nevada-based manufacturer of artisanal frozen and pre-proofed pastries. The investment is positioned to support the company's next phase of growth and succession planning alongside founder Patrick Novak.
-
- Buyer
- Manitowoc Tool & Machining, LLC, Midwest Growth Partners
- Target
- G&V Machine Company, Inc.
- Seller
- Chris Griswold, Julie Gottschalk, Sue Griswold
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
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.
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January 11, 2023
- Buyer
- Borgman Capital, K.G. Stevens
- Target
- Minnesota Tile & Stone
- Seller
- Alan Dale
- Industry
- Building Products
- Location
- Minnesota, United States
- Type
- Addon
Milwaukee-based private equity firm Borgman Capital has acquired Minnesota Tile & Stone (MTS) and will merge the business into its existing portfolio company, K.G. Stevens. The deal expands the combined company’s Midwest footprint and product offerings; Jason Gaare was named president of K.G. Stevens and MTS owner Alan Dale retired as part of the transaction.
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December 15, 2022
- Buyer
- Midwest Growth Partners, Summit Equity Group, NewSpring Mezzanine, Company management
- Target
- Manitowoc Tool & Machining
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
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.
-
June 18, 2022
- Buyer
- Midwest Growth Partners
- Target
- Stewart's Greenhouse
- Industry
- Agriculture
- Location
- Iowa, United States
- Type
- Growth capital
Midwest Growth Partners (MGP) has made a growth capital investment in Canoyer Garden Center to support Canoyer’s acquisition of Stewart's Greenhouse. The capital will enable Canoyer, led by Kyle Canoyer, to vertically integrate its operations and expand its greenhouse growing and retail footprint.
Related Acquisition Pages
Food & Beverage Buyers & Acquisitions
10 tracked deals by Midwest Growth Partners.
Manufacturing Buyers & Acquisitions
8 tracked deals by Midwest Growth Partners.
Industrial Services Buyers & Acquisitions
5 tracked deals by Midwest Growth Partners.
Agriculture Buyers & Acquisitions
3 tracked deals by Midwest Growth Partners.
Acquisitions in Wisconsin
8 tracked deals by Midwest Growth Partners.
Acquisitions in Iowa
3 tracked deals by Midwest Growth Partners.
Acquisitions in California
2 tracked deals by Midwest Growth Partners.
Acquisitions in Maryland
2 tracked deals by Midwest Growth Partners.
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