Midwest Growth Partners (MGP) is a private equity fund manager, responsible for more than $325 million of private capital across multiple funds. MGP seeks to make succession planning liquidity or growth capital investments in established companies in underserved rural markets which are managed by great people who share a cultural fit with our team.
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While many of their clients are outside of Iowa, you may know Inland Coatings in Adel or Maytag Blue Cheese in Newton. The work they do can oftentimes single handedly preserve the economic success of the communities where they’re located.
They are always looking for great companies who fit the following criteria:
- That are profitable.
- That have an owner who lacks an exit plan for retirement or a management team which has a plan for significant growth.
- Where the core values of the management team align with the MGP mission.
- Whose product or service offers a defensible market position.
Equity and debt investments in growth oriented companies, including management buyouts, internal recapitalizations, competitive roll-ups as well as more non-traditional investing, including distressed and turnaround situations.
Their investment principals and operating partners have been CEO’s, CFO’s, and COO’s of privately owned companies and are able to call upon those experiences in assisting portfolio company leaders navigate the daily trials of operating a growing enterprise.
MGP re-invests in the businesses it partners with. New systems, retention and expansion of management teams, improved processes, complementary product lines. As our name implies, we seek ways to provide GROWTH to all of our portfolio companies. When MGP made its first acquisition in 2014, it added its first seven portfolio company employees. Today MGP has more than 2,400 dedicated and talented full and part-time employees.