M&A Deal Summary

Midwest Growth Partners Acquires AgCertain

On June 1, 2019, private equity firm Midwest Growth Partners acquired food company AgCertain

Acquisition Highlights
  • This is Midwest Growth Partners’ 2nd transaction in the Food sector.
  • This is Midwest Growth Partners’ 4th transaction in the United States.
  • This is Midwest Growth Partners’ 1st transaction in Iowa.

M&A Deal Summary
Date 2019-06-01
Target AgCertain
Sector Food
Buyer(s) Midwest Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AgCertain

Ames, Iowa, United States
AgCertain is a food, agricultural and bio-based product development, manufacturing and marketing company. AgCertain Industries was founded in 2018 and is based in Ames, Iowa.

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Buyer(S) 1

Buyer

Midwest Growth Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 325M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Midwest Growth Partners is a private equity firm focused on investing in established, growing businesses throughout rural areas across the country. The Firm targets businesses operating in the food, agriculture, manufacturing, and distribution sectors with $4 to $100 million in revenue. Midwest Growth Partners provides a variety of debt and equity capital and seeks to commit $500k to $10 million per investment. Midwest Growth Partners was formed in 2013 and is headquartered in Des Moines, Iowa.

DEAL STATS #
Overall 4 of 15
Sector (Food) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Iowa) 1 of 1
Country (United States) 4 of 15
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Jackrabbit

Ripon, California, United States

Jackrabbit is a manufacturer of harvesting machines that are now standard in the nut farming industry. Jackrabbit’s machines are stapled products in almond, walnut, and pecan harvesting, while Dakota’s self-propelled pruning towers and laser cutting and forming services expand its reach into crop industries, including cherries and avocados. Jackrabbit was founded in 1981 and is based in Ripon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 ConTeras

Houston, Indiana, United States

ConTeras is a provider of commercial and industrial multi-craft service contractor delivering scaffolding solutions, industrial insulation, industrial painting, heat tracing, abatement, remediation, and general maintenance. ConTeras was founded in 2020 and is based in Houston, Indiana.

Buy -
Mergr

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