HCI Equity Partners Celebrates Remarkable Growth Achievements

HCI Equity Partners Celebrates Recent Achievements

HCI Equity Partners, a prominent player in the private equity sector, is excited to share that two of its portfolio companies have been recognized on Inc. 5000's latest list of the fastest-growing private companies in America. The distinguished companies making the list once again are Tech24 and Regent Cabinet Solutions. This acknowledgment underscores their significant growth and resilience within a competitive landscape.

Recognizing Growth and Resilience

This listing comes as both businesses continue to expand and evolve, proving their mettle in an ever-changing economic environment. Doug McCormick, Managing Partner and CIO at HCI Equity Partners, remarked that the success of both companies is a testament to their unwavering dedication and innovative approaches. He stated, "Our partnerships have been instrumental in nurturing these businesses, allowing them to expand and thrive in challenging times."

Tech24's Expansion Journey

Tech24 stands out as a leading provider of installation and repair services for the foodservice industry across the country. Their expertise spans various areas, including cooking, refrigeration, and beverage equipment, along with HVAC, electrical, and plumbing services. Impressively, from 2021 to 2024, Tech24's revenue surged by 125%, driven by strategic acquisitions and organic growth initiatives. In addition, the company saw its workforce grow by 87%, reflecting its commitment to delivering quality service.

Regent Cabinet Solutions' Success Story

Meanwhile, Regent Cabinet Solutions has carved out a niche as a comprehensive provider of custom cabinetry and countertops, primarily serving multi-family properties. The company, founded by Reuvan Sternstein in 2012, manages everything from design to installation, boasting over 120,000 successful installations. From 2021 to 2024, Regent's revenue grew by an astounding 165%, and their workforce expanded by 158%, showcasing their capacity for operational excellence.

The Significance of the Inc. 5000 List

Being included in the Inc. 5000 is a prestigious honor that reflects the tenacity and innovative spirit of America's entrepreneurial companies. Mike Hofman, editor-in-chief at Inc., expressed that this recognition is particularly noteworthy amid economic challenges. "These companies have not just persevered but thrived, illustrating the vital role of entrepreneurial drive in the American economy." This accolade reinforces HCI Equity Partners' commitment to supporting businesses that foster sustainable growth and innovation.

Looking Ahead

As HCI Equity Partners continues to back its portfolio companies, it remains dedicated to fostering an environment where innovation and customer satisfaction reign supreme. The team is enthusiastic about the future and committed to facilitating ongoing growth for Tech24 and Regent Cabinet Solutions. Their achievements serve not only as a model for current portfolio companies but also as an inspiration for future ventures seeking to foster similar levels of success.

Frequently Asked Questions

What is the significance of the Inc. 5000 list?

The Inc. 5000 list is a prestigious recognition showcasing the fastest-growing private companies in America, highlighting their innovative business strategies and resilience.

Who are the portfolio companies recognized by HCI Equity Partners?

The recognized companies are Tech24, a service provider for foodservice equipment, and Regent Cabinet Solutions, which specializes in custom cabinetry for multi-family developments.

How has Tech24 achieved its growth?

Tech24 achieved a revenue growth of 125% from 2021 to 2024 through strategic acquisitions and organic initiatives, alongside an increase in its workforce.

What does Regent Cabinet Solutions offer?

Regent Cabinet Solutions provides end-to-end custom cabinetry solutions, managing the entire process from design to installation for multi-family property developers.

How does HCI Equity Partners support its companies?

HCI Equity Partners supports its portfolio companies by providing strategic guidance, fostering innovation, and encouraging sustainable growth practices.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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