Midwest Growth Partners invests in two leading ag equipment dealers Monday, April 26, 2021 11:48 AM
Midwest Growth Partners, a food- and ag-focused private equity fund manager with offices in West Des Moines and Omaha, announced its most recent platform investment. MGP partnered with co-investors Summit Equity Group, Northcreek Mezzanine and company management to capitalize Ag Solutions Group Holding Co. LLC for the acquisition of Livingston Machinery Co. and contribution of Ag Solutions Group LLC. The owners of ASG contributed 100% of their ownership of ASG into the combined ASG/LMC platform. Together, LMC and ASG have 188 employees serving the agricultural equipment and service needs of farmers and ranchers in nine states. “It’s been a pleasure to get to know the management teams from both LMC and ASG and we’re proud to partner with them in pursuit of accelerated growth” said Mike Taylor, co-founder of Midwest Growth Partners. “MGP believes the agricul