M&A Deal Summary

Midwest Growth Partners and Incorp Acquire East Coast Rigging & Contracting

On July 7, 2021, private equity firm Midwest Growth Partners and Incorp acquired construction company East Coast Rigging & Contracting

Acquisition Highlights
  • This is Midwest Growth Partners’ 3rd and Incorp’s 1st transaction in the Construction sector.
  • This is Midwest Growth Partners’ 9th and Incorp’s 1st transaction in the United States.
  • This is Midwest Growth Partners’ 1st and Incorp’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-07-07
Target East Coast Rigging & Contracting
Sector Construction
Buyer(s) Midwest Growth Partners
Incorp
Deal Type Add-on Acquisition
Advisor(s) TKO Miller LLC (Financial)

Target

East Coast Rigging & Contracting

Laurel, Maryland, United States
East Coast Rigging & Contracting is a full-service provider that offers a large inventory of system scaffold and motorized equipment for a variety of commercial, light industrial, and infrastructure access needs. East Coast Rigging & Contracting was founded in 1991 and is based in Laurel, Maryland.

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Buyer(S) 2

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 9 of 15
Sector (Construction) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 2
Country (United States) 9 of 15
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Parallel Ag

Chickasha, Oklahoma, United States

Parallel Ag is a distributor of agricultural equipment, parts, service and support for farmers. Parallel Ag also services fertilizer dealers, custom applicators and the construction industry. Parallel Ag is based in Chickasha, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Superior Metal Products

Omaha, Nebraska, United States

Superior Metal Products is a precision machining business, including assembly, kitting, light fabrication and testing. Superior Metal Products was founded in 1971 and is based in Omaha, Nebraska.

Buy -
Buyer

Incorp

Evansville, Indiana, United States
Category Company
Founded 1996
Sector Construction
DESCRIPTION

Incorp is a provider of insulation, scaffolding, and other multi-craft services in electric generation, agricultural, water and water treatment, and pulp and paper facilities. Incorp was founded in 1996 and is headquartered in Evansville, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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