VC firms
Midwest Growth Partners (MGP) is a private equity fund manager, responsible for more than $154 million of private capital across two funds. MGP seeks to make succession planning liquidity or growth capital investments in established companies.
MGP can partner with existing management teams or provide executive operational leadership. MGP will not invest in start-ups, "pure-play" brick and mortar retailers or non-core real estate.
•As a lower middle market fund, we make individual equity investments ranging in size from $500,000 to $10,000,000 depending on the structure of the transaction and nature of the investment. Midwest Growth Partners also seeks to co-invest on larger opportunities.
•Investments could represent an outright acquisition, majority growth capital, minority growth capital, partial or full management team buyouts or an internal recapitalization.
•Prospective companies will have annual revenues ranging from $4,000,000 to $100,000,000.
•While investing in established growing businesses is our emphasis, we also evaluate distressed and/or turnaround opportunities.
MGP can partner with existing management teams or provide executive operational leadership. MGP will not invest in start-ups, "pure-play" brick and mortar retailers or non-core real estate.
•As a lower middle market fund, we make individual equity investments ranging in size from $500,000 to $10,000,000 depending on the structure of the transaction and nature of the investment. Midwest Growth Partners also seeks to co-invest on larger opportunities.
•Investments could represent an outright acquisition, majority growth capital, minority growth capital, partial or full management team buyouts or an internal recapitalization.
•Prospective companies will have annual revenues ranging from $4,000,000 to $100,000,000.
•While investing in established growing businesses is our emphasis, we also evaluate distressed and/or turnaround opportunities.
Overview
Location
United States, Iowa, West Des Moines
Employees
1-10
Phone
+1 515-421-4800
Founded date
2013
Funds raised 1
| Date | Fund size | Announcement |
| Sign up to see | Sign up to see | Sign up to see |
Persons 26
| Date | First Name | Last Name | Title | Location | |||
| Sign up to see | Sign up to see | Sign up to see | Sign up to see | Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Steven | Danna | Summer Analyst Intern | Sign up to see | ||||
| Carter | Rial | Summer Analyst Intern | Sign up to see | ||||
| Ryan | Brennan | Vice President | Sign up to see | ||||
| Brandon | Kuhn | Vice President | Sign up to see | ||||
| Simon | Loftsgard | Analyst | Sign up to see | ||||
| Meredith | Arnold | Summer Analyst Intern | Sign up to see | ||||
| Joe | Greving | Partner | Sign up to see | ||||
| Mike | Taylor | Partner | Sign up to see | ||||
| Riley | Braksiek | Summer Analyst Intern | Sign up to see |
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News 41
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Aug 8, 2025 | MGP Celebrates the Promotion of Two Employees | At a company-wide offsite event at the Iowa State Fair, MGP promoted Ryan Brennan to Vice President and Jared Larson to Associate. Ryan joined MGP in 2024, he is a native of Iowa City, Iowa and a graduate of the University of Iowa. Outside ... |
| May 27, 2025 | MGP Welcomes Summer Interns | MGP welcomed Carter Rial, Meredith Arnold, and Euan Mugisha as summer interns. They will work alongside the deal team in underwriting new investment opportunities and supporting MGP’s existing portfolio companies. Carter, Meredith, and Euan... |
| Apr 15, 2025 | MGP Celebrates the Promotion of Two Employees | At a company-wide strategic planning offsite in Fargo, North Dakota, in March, MGP promoted Zane Hendricks to Managing Director and Brandon Kuhn to Vice President. Zane joined MGP in 2019 and has been promoted three times. He is a CFA® Char... |
| Apr 15, 2025 | Midwest Growth Partners Establishes Fund IV - Providing Opportunities to Advance Rural and Underserved Businesses Across the Country. | WEST DES MOINES, IA – April 14, 2025 – Iowa-based private equity firm, Midwest Growth Partners (“MGP”), announced today the completion of fundraising for their fourth investment fund, Midwest Growth Partners IV, LP (“Fund IV”). The firm exc... |
| Apr 14, 2025 | MGP Portfolio Company ConTeras Industrial Group Completes Acquisitions of Performance Insulation Contractors (“PIC”) | Midwest Growth Partners’ portfolio company ConTeras Industrial Group completed the acquisition of Performance Insulation Contractors (“PIC”) on April 14, 2025. The acquisition marks a strategic step in expanding ConTeras Industrial Group’s ... |
| Oct 4, 2024 | MGP Portfolio Company Jackrabbit Equipment Inc. Merges with Exact Corporation | Jackrabbit Equipment Inc. and Exact Corporation have announced a merger, forming a comprehensive solutions provider for the permanent crop industry. The merged entity combines Jackrabbit’s long-standing history of product excellence with Ex... |
| Sep 30, 2024 | MGP Portfolio Company Adams Flavors, Foods, and Ingredients Completes Acquisition of Goodman's Flavorings | Midwest Growth Partners’ portfolio company Adams Flavors, Foods and Ingredients, LLC (“Adams”), completed the acquisition of Goodman’s Flavoring (“Goodman’s”) on September 30, 2024. Adams was acquired in 2022 in partnership with Valesco Ind... |
| Sep 5, 2024 | MGP Portfolio Company French Gourmet Merges with ShellsbyDesign | Iowa-based private equity firm, Midwest Growth Partners III, L.P. (MGP), announced today that its portfolio company French Gourmet, a Nevada-based manufacturer of artisanal croissants, Danish pastries, dough shells, and puff pastries, has m... |
| May 28, 2024 | MGP Welcomes Summer Interns | MGP welcomed Riley Braksiek, Adam Hasan, and Austin Lantermans as summer interns. They will work alongside the deal team in underwriting new investment opportunities and supporting MGP’s existing portfolio companies. Riley, Adam, and Austi... |
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Mentions in press and media 4
| Date | Title | Description |
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| Dec 14, 2020 | Iowa farmers invest in research, technologies & startups to boost innovation | Innovation has always been at the heart of agriculture in Iowa, with many ideas and inventions getting their start on the farm. Farmers are well-known for developing their own fixes to make equipment run more smoothly, or building their own... |
| Jan 30, 2019 | Midwest Growth Partners Raises $113.5M for Second Fund | Midwest Growth Partners, a West Des Moines, Iowa-based private equity fund, raised $113.5m for its second fund. Midwest Growth Partners II LP was raised by 26 investors — both returning from the first fund and new ones. It will bring total ... |
| Nov 30, 2018 | Term Sheet — Friday, November 30 | MIC DROP Good morning, Term Sheet readers. Paid Content How can you protect what you can't see? From ExtraHop But here’s the kicker: Mic’s selling price was approximately $5 million, according to the WSJ, which is a fraction of its $100 mil... |
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FAQ about Midwest Growth Partners
When was Midwest Growth Partners founded?
Midwest Growth Partners was founded in 2013.
What funds has Midwest Growth Partners raised?
Midwest Growth Partners has announced 1 fund on Parsers VC.
What is the latest news about Midwest Growth Partners?
Parsers VC has 41 news items about Midwest Growth Partners, among them “MGP Celebrates the Promotion of Two Employees” (Aug 8, 2025) and “MGP Welcomes Summer Interns” (May 27, 2025).
What has the press written about Midwest Growth Partners?
Parsers VC has collected 4 articles mentioning Midwest Growth Partners, among them “Iowa farmers invest in research, technologies & startups to boost innovation” (Dec 14, 2020) and “Midwest Growth Partners Raises $113.5M for Second Fund” (Jan 30, 2019).
Is Midwest Growth Partners still active?
Yes, Midwest Growth Partners is active; its latest activity on Parsers VC dates from Sep 14, 2026.