Palm Beach Capital Invests in MBI Companies for Growth

Palm Beach Capital Partners with MBI Companies for Future Growth

Palm Beach Capital Fund VI, L.P. (“PBC”), through its investment entity, has recently made waves in the architecture and engineering design industry by announcing a strategic investment in MBI Companies, Inc. (“MBI Companies”), a prominent firm known for its innovative design solutions.

Strategic Investment Launches New Platform

This investment marks the beginning of PBC’s new platform aimed at establishing a national architecture and design services firm. The primary objective is to leverage MBI Companies' expertise to cultivate growth, including an extensive acquisition strategy and initiatives for organic expansion. As a result, this collaboration is set to bolster MBI Company's service offerings and widen its geographical footprint.

Leadership and Operations Remain Steady

While PBC is stepping in to provide growth capital, MBI Companies will maintain its brand identity. The existing workforce and leadership structure will remain intact, ensuring a seamless transition as MBI continues carrying out day-to-day operations.

Positive Industry Outlook and Commitment to Excellence

Bill Steverson, President of MBI Companies, expressed his enthusiasm about the partnership, stating, "With Palm Beach Capital’s proven track record, we’re excited about joining forces to create a national architecture and design firm offering high-quality services across diverse markets.” This sentiment is echoed by CEO Eddie Jett, who emphasizes the company's dedication to its culture, team, clients, and the communities they serve.

Transformative Growth in the AEC Sector

Palm Beach Capital has a long-standing reputation for driving transformative growth within the AEC (Architecture, Engineering, and Construction) sector. They played a pivotal role in the scaling of Universal Engineering Sciences, which has been recognized as one of the fastest-growing firms in the industry over several years.

Collaborative Leadership for Future Success

To ensure their shared vision becomes a reality, Dale Hersey will come on board as an Operating Partner with PBC. His experience in implementing strategic growth initiatives is expected to be critical as MBI Companies navigates this new phase of growth.

Legal Advisors on Both Sides

In this significant transaction, legal counsel played a crucial role. Brock Shipe Klenk PLC represented the seller, while Greenberg Traurig, LLP provided legal support to the buyer, ensuring that the deal was structured successfully and met all regulatory requirements.

About MBI Companies

Established in 1990, MBI Companies is a multidisciplinary firm recognized for delivering architecture, engineering, and design services across various end markets such as industrial, manufacturing, and healthcare. With over 90 talented professionals, MBI continues to grow within the industry by adhering to its core philosophy that emphasizes the importance of culture, client satisfaction, and community engagement.

About Palm Beach Capital

Palm Beach Capital, founded in 2001, operates as a middle-market private equity investment firm based in West Palm Beach, Florida. With a focus on high-growth investment opportunities, they partner with management teams for management buyouts and growth equity investments. PBC has an impressive history, having invested in 57 portfolio companies across various sectors, including business services and healthcare.

Frequently Asked Questions

What does Palm Beach Capital's investment in MBI Companies entail?

The investment aims to create a national architecture and design services firm, supporting MBI Companies' growth and expansion efforts.

Will MBI Companies keep its brand identity after the investment?

Yes, MBI Companies will retain its name and workforce, ensuring continuity in its operations.

What is the significance of Dale Hersey's role in this partnership?

Dale Hersey will serve as an Operating Partner, bringing his expertise to facilitate MBI Companies' strategic growth initiatives.

How has Palm Beach Capital performed in the AEC sector?

Palm Beach Capital has a strong track record, driving growth for multiple firms in the AEC sector, making them a leader in harnessing transformative opportunities.

What industries does MBI Companies serve?

MBI Companies provides services across a variety of markets, including industrial, manufacturing, education, healthcare, and more.

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