Midwest Growth Partners, a West Des Moines-based private equity firm, announced that it has acquired the assets of Inland Coatings, an Adel-based maker of industrial and roof specialty coatings. The purchase price was not disclosed. The investment is the first that the firm has made since launching as Midwest Growth Partners two years ago. Midwest Growth Partners currently has more than $41 million in capital committed by investors and is seeking to build an initial portfolio of investments in eight to 12 companies, partner Dustin Thomas said. To read a Business Record article about Midwest Growth Partners, click here.