HCI II

HCI Equity Partners is a private equity firm founded in 2003 and based in Washington, D.C., with additional offices in Minneapolis and Northbrook, Illinois. The firm specializes in leveraged buyouts within the lower middle market, focusing on growth-oriented, family or founder-owned companies across various sectors, including industrial manufacturing, aerospace and defense, automotive components, and B2B services. HCI Equity Partners typically invests between $15 million and $75 million in companies with enterprise values ranging from $20 million to $150 million, and annual revenues between $20 million and $200 million. The firm seeks majority ownership but is open to minority stakes, emphasizing a partnership approach with management teams to drive operational improvements and support growth initiatives. The investment team comprises professionals with extensive operational and leadership experience, enabling a deeper understanding of industry trends and enhancing the performance of portfolio companies.

Michael Allen

Associate

Brendon Biddle

Managing Director

Tim Boyle

Associate

Brad Cain

Vice President

Andrew Carraway

Associate

Matt Celin

Senior Associate

Matt Clark

VP

Kelsey Clute

Director of Communications

Tyler Collins

Associate

Lisa Costello

Chief Financial Officer

Kevin Cramton

Operating Partner

Josh DiBiasi

Senior Associate

Daniel Dickinson

Co-Founder and Managing Partner

Timothy Frend

Managing Director

Scott Gibaratz

Partner

Sam Hoehn

Associate

Bob Hund

Operating Partner

Robert M. Hund

Operating Partner

Josh Kite

Associate

Douglas McCormick

Co-Founder, Chief Investment Officer & Managing Partner

Dan Moorse

Managing Director, Operations

Carl Nelson

Executive Partner

Nate Novak

Vice President

Nathan J. Novak

Principal

Scott Rued

Co-Founder and Managing Partner

Joseph Rued

Vice President

Amy Stremmel

Director of Accounting

Chris Taylor

Vice President

David Venker

VP of Portfolio Operations

7 past transactions

JGB Enterprises, Inc

Private Equity Round in 2021
JGB Enterprises is a machinery company that provides hoses and fitting supplies.

Summit Interconnect

Debt Financing in 2020
Summit Interconnect, Inc. specializes in the design and manufacturing of printed circuit boards (PCBs), offering a range of services that include quick-turn, prototype, and production. Founded in 2016 and headquartered in Anaheim, California, with additional offices in Santa Clara, China, Korea, Taiwan, and Vietnam, the company serves diverse industries such as aerospace, defense, space, medical, networking, telecom, and semiconductors. Summit Interconnect provides high-density rigid, rigid-flex, RF/microwave, and semiconductor test PCBs, focusing on complex and advanced prototypes as well as high-mix, low-to-mid-volume production. The company is recognized for its expertise in various materials, including high-speed digital and RF constructions, catering primarily to high-performance commercial and defense sectors in North America.

Express Packaging

Acquisition in 2019
Express Packaging is a provider of outsourced contract packaging and contract manufacturing services to global consumer brands. With three SQF Level 3 certified facilities in West Chicago, IL, Columbus, OH, and Newcomerstown, OH, Express has both primary and secondary manufacturing capabilities across a broad range of product types including food, candy, and pet food.

Mistras Group

Venture Round in 2003
Mistras Group specializes in asset protection solutions that assess the structural integrity and reliability of critical energy, industrial, and public infrastructure. Established in 1978 and headquartered in Princeton Junction, New Jersey, the company offers a range of services, including non-destructive testing, field inspections, consulting, and maintenance. Its operations are mainly concentrated in North America, particularly the United States and Canada. Mistras Group also provides online monitoring of critical assets, mechanical integrity services, destructive testing, and enterprise inspection data management through its proprietary software. By integrating these diverse offerings, Mistras Group delivers comprehensive and competitive solutions from a single source.

Sunburst Digital

Acquisition in 2002
Sunburst Digital is the leading provider of digital education resources to schools for more than 25 years. They are made up of software developers, instructional designers, sales, service, and classroom specialists who are knowledge experts in delivering and connecting educators with digital content solutions designed to enhance academic achievement outcomes and transform classrooms. They sell, support, and provide ongoing services for their digital curriculum solutions to districts, schools, teachers, classrooms, and parents in the United States and abroad.

Renaissance Interactive Holding Corporation

Series A in 2000
Renaissance Interactive Holding Corporation was founded in 1995 in Columbia, South Carolina.

The Concours Group

Venture Round in 2000
The Concours Group believes that addressing today’s most important business problems and opportunities demands innovative and productive combinations of human, technological, and business assets. Their services include developing business strategies and new business models, accelerating core business processes, and building the technical infrastructure and organizational capacity for high performance and rapid change. Their clients develop the capabilities and confidence to thrive in challenging times.