HCI Equity Partners Completes Sale of MSI Express
HCI Equity Partners, a prominent player in the lower-middle-market private equity sector, has successfully finalized the sale of MSI Express to Nonantum Capital Partners. This significant move highlights HCI's commitment to supporting robust growth trajectories within its portfolio.
About MSI Express: A Growth Story
Founded in 2008, MSI Express has carved out a niche as a leading partner for major food and beverage brands in need of contract manufacturing and packaging services. With an extensive network of 15 locations across multiple states, the company stands as one of the largest food co-manufacturers in its category. Their operational reach and expertise allow them to meet the diverse needs of their clients effectively.
Leadership Insights
Charles Weinberg, the CEO of MSI Express, expressed pride in the company's evolution throughout its partnership with HCI. "Our growth has been truly remarkable, not just through mergers and acquisitions but also thanks to the invaluable support from HCI's dedicated operations team. Together, we've established MSI as a formidable force within the food industry, primed for future success," he remarked.
HCI's Vision and Impact
Doug McCormick, HCI's Managing Partner, reflected on the fruitful collaboration with MSI. He said, "Partnering with exceptional management teams has been pivotal to our strategy, allowing us to achieve over tenfold top-line growth while enhancing our production capabilities significantly from 450,000 sq. ft. to more than 2.5 million sq. ft. We are excited for MSI's new journey with Nonantum Capital Partners and their continued growth within this dynamic sector."
The Future of MSI Express
As MSI Express transitions to its new ownership, the company is poised to continue its upward trajectory. The backing of Nonantum Capital Partners promises to provide additional resources and strategic direction, ensuring MSI maintains its status as an industry leader. The future holds exciting possibilities for expanding operational capabilities and enhancing service offerings.
Role of Advisors
The financial advisory role was expertly handled by Houlihan Lokey, while Quarles & Brady LLP provided essential legal insights during the sale. Their expert guidance has been instrumental throughout this transition, showcasing the importance of having trusted advisors in significant business dealings.
About HCI Equity Partners
HCI Equity Partners, located in Washington, DC, specializes in investing in family- and founder-owned businesses across diverse sectors such as manufacturing, distribution, and technician-based services. Dedicated to fostering transformational growth, HCI combines strategic support with in-house operational expertise, ensuring its portfolio companies thrive in competitive markets. Their meticulous approach focuses on delivering tangible results and lasting success.
About MSI Express
MSI Express, recognized for its innovative solutions in food and beverage manufacturing, partners with some of America’s most recognized brands. With engineering capabilities and a commitment to excellence, MSI strives to enhance production efficiency while ensuring quality. Their growth in the sector underlines the importance of adaptability and innovative practices in today’s fast-paced environment.
Frequently Asked Questions
What led to the sale of MSI Express?
The sale was part of HCI Equity Partners' strategy to align MSI Express with Nonantum Capital Partners, focusing on future growth opportunities.
How has MSI Express grown under HCI's ownership?
MSI experienced significant growth, achieving over tenfold top-line growth and expanding production capabilities from 450,000 sq. ft. to over 2.5 million sq. ft.
What does the future hold for MSI Express?
With support from Nonantum Capital Partners, MSI Express is set to enhance its operations and service offerings, ensuring continued leadership in its industry.
Who advised HCI on the sale?
Houlihan Lokey served as the financial advisor, while Quarles & Brady LLP provided legal support during the entire transaction process.
What industries does HCI focus on?
HCI specializes in investing in lower middle-market companies across sectors like manufacturing, distribution, and service industries, particularly those that are family- or founder-owned.
