Midwest Growth Partners’ portfolio company Manitowoc Tool & Machining (“MTM”) completed the acquisition of Mid Valley Industries (“MVI”) on January 17, 2024. MTM was acquired in 2022 in partnership with Summit Equity Group, NewSpring Mezzanine, and company management.
Based in Kaukauna, Wisconsin, MVI is a large parts precision machining manufacturer serving customers in a wide array of industries, including mining, heavy equipment, defense, aerospace, power generation, nuclear, oil and gas, and non-automotive transportation.
MTM, based in Manitowoc, Wisconsin, is an industry-leading precision contract manufacturer serving the agricultural, aerospace, military, industrial, and medical industries. The Company's capabilities range from the smallest of parts to those weighing more than 10 tons.
“We see many avenues for continued growth, including sharing best practices and industry knowledge,” said Rick Swoboda, president of MTM. “The company has done a great job of delivering quality and innovative products," he added. "The management team has rich experience in this industry, and we look forward to working with them on a number of growth initiatives.”