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Buyout PE

Midwest Growth Partners

Midwest Growth Partners acquires controlling stakes in established, profitable businesses, from West Des Moines, United States. It states a focus on industrials & manufacturing, business & professional services, food & beverage and transportation & logistics.

Capital raised$340macross 3 SEC-filed vehicles
Most recent fund2024filing since 2017
HeadquartersWest Des Moines, United States
Largest single fund$170m

Stated investment criteria

What Midwest Growth Partners says it buys

Read from Midwest Growth Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states$10m to $200m1
Transaction typesGrowth, Recapitalisation, Management buyout, Distressed2
People listed on its team page133

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Midwest Growth Partners states that it takes minority stakes rather than control. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Midwest Growth Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Midwest Growth Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed3
Total capital raised$340m
Largest single vehicle$170m
Filing history2017 to 2024
Smallest accepted commitment$65k
Filed fromIOWA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Midwest Growth Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised1 · $42m gross
SEC adviser numberCRD 172104

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Valuation context

Transaction values in Industrials & Manufacturing

What companies have actually sold for in industrials & manufacturing, across 1,298 recorded transactions.

Median consideration$110m
Middle 50%$32m-$303m
Revenue multiple1.2×
EBITDA multiple8.05×

The full industrials & manufacturing picture - most active acquirers, recent transactions and every investor in the sector.

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For investors

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Comparable investors

Similar mandates

Other buyout pe investors active in industrials & manufacturing.