Midwest Growth Partners, a West Des Moines, Iowa-based private equity firm, closed its third investment fund, at $170m.
Since 2013, MGP has backed lower middle market companies seeking succession planning liquidity or growth investment. MGP’s team of hands-on professionals have agrarian backgrounds and experience, helping drive growth and professionalization in MGP’s partner companies, while creating value for investors.
Between MGP’s three funds, over $140m has been directly invested into 29 private businesses thus far. MGP also helped aggregate more than $500m within those transactions in additional private co-investment capital. Since the closure of Fund III, MGP has continued investing in U.S. food and agriculture, manufacturing, and distribution industries, often in rural, underserved areas.
MGP and its investors serve as economic drivers in America by investing anywhere from $500k to $20m into profitable organizations. These investments cultivate growth, add jobs, professionalize businesses, and aid in succession planning for retiring business owners.
Over the next five years, MGP will make 10 – 15 investments with Fund III. MGP fosters personal relationships with its diverse group of investors, which includes members of the Farm Credit System, family offices, commercial banks, corporations, trade organizations, and successful individuals.
Led by John Mickelson, Co-Founder and Managing Partner, Midwest Growth Partners is a private equity firm responsible for more than $325m of private capital across three funds. MGP invests in established companies within the food and agriculture, manufacturing, and distribution industries. Current MGP investments have revenues totaling over $1 billion annually, employing over 3,000 people.
The firm also has an additional office in Nebraska.
FinSMEs
14/04/2023