HCI II

HCI Equity Partners is a private equity firm focused on leveraged buyouts in the growth-oriented lower middle market, primarily targeting industrial product and service companies. The firm invests in family- and founder-owned businesses, particularly in sectors such as aerospace and defense, automotive components, building products, and energy services. HCI Equity typically invests between $15 million and $75 million in companies with enterprise values ranging from $20 million to $150 million, and aims for majority ownership while also considering minority stakes. The firm emphasizes partnerships with management teams, encouraging them to retain equity in their companies post-investment. Founded in 2003 and headquartered in Washington, D.C., with additional offices in Minneapolis and Northbrook, HCI Equity boasts a team with significant experience in both private equity and operational leadership, enhancing its understanding of industry trends and improving portfolio company performance.

Michael Allen

Associate

Brendon Biddle

Managing Director

Tim Boyle

Associate

Brad Cain

Vice President

Andrew Carraway

Associate

Matt Clark

VP

Kelsey Clute

Director of Communications

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

Managing Director

Nathan J. Novak

Principal

Nate Novak

Vice President

Scott Rued

Co-Founder and Managing Partner

Amy Stremmel

Director of Accounting

David Venker

VP of Portfolio Operations

40 past transactions

Since 1989 AMTEX is a one-stop source for comprehensive lodging supplies. We stock thousands of products that make your facility operate efficiently and look immaculate, all at significant savings. Inquire with our sales consultants on how we can help you operate your hotel better. From boutique hotels, bed & breakfasts, resorts, gaming casinos and brand hotels, we pride ourselves on providing the best possible value to our customers. From our strategically located warehouses, we ship to the entire North American continent.
MSI Express, Inc. provides contract packaging manufacturing services. Its product line includes dry and powdered food packaging products, household packaging products, beverages, pharmaceutical, and pet food packaging products. The company also provides assistance with package design and redesign to meet the project's specific goals and timeline. It also designs new and refurbished packaging equipment. MSI Express, Inc.was founded in 1998 and is based in Portage, Indiana.
Certifiedsafety, Inc. provides skilled safety personnel in specific areas as requested by clients to provide a consistent level of safety. It offers safety managers, planners, and auditors to manage, plan, build, implement, and audit project safety; and general labor services in the areas of unit cleanup/housekeeping, water/ice–management and distribution, waste/trash–management and segregation forklift operation, traffic control/flagging, and TWIC escorts. The company also provides operations support personnel for permit writing/permit expediting; and operator assistants in various fields, including oil out/oil in labor support, turning valves/watching sight glasses/draining equipment/helping with temporary hoses and pipes, etc. In addition, it offers turnaround execution coordinators and planners; and safety attendants to execute and manage their specific safety related assignments at the job site, such as bottle watch, fire watch, and confined space entry. The company serves chemical, oil and gas, energy, wind power, and general construction markets. Certifiedsafety, Inc. was founded in 2001 and is based in League City, Texas with additional offices in Benicia, California; and Merrillville, Indiana.
TSM Corporation designs, manufactures, and supplies precision machined components and complex assemblies for the automotive, agricultural, and transportation industries in the United States and internationally. It offers air and fluid products, such as transfer case pumps, thermostat housings, air intakes, water outlets, oil filter adapters, water crossovers, and water pump covers; accessory brackets, including power steering, pump brackets, alternator brackets, turbo chargers, and mounting brackets; and chassis and suspension products, such as dampener weights, bending brace brackets, front carrier assemblies, torsion bar adjusters, suspension yokes, tow hooks, and anchor plates. The company also provides powertrain that includes flywheels, turbo linkages, timing chain covers, shaft retainers, transmission plates, engine seal covers, and bearing caps, as well as offers upper and lower intake manifolds. In addition, TSM provides a range of materials, including aluminum die castings, extrusions, permanent mold castings, and sand castings; ductile and gray iron castings; magnesium die castings; stainless steel investment castings; and steel forgings and ring gears. Further, it offers various components, such as rubber seals, powdered metal, oil filter adapters, fasteners, steel connectors, and stampings, as well as provides secondary services, including painting, e-coating, heat-treating, and plating. TSM Corporation was founded in 1978 and is based in Auburn Hills, Michigan.

Summit Interconnect

Debt Financing in 2020
Summit Interconnect, Inc. designs and manufactures printed circuit boards (PCBs). Its manufacturing services include quick-turn, prototype, and production. The company offers high density rigid, rigid flex, RF/microwave, and semiconductor test PCBs. It serves aerospace, defense, space, medical, networking and telecom, and semiconductor markets. The company was founded in 2016 and is based in Anaheim, California with additional office in Santa Clara, California; China; Korea; Taiwan; and Vietnam.
SouthernAG Carriers, Inc. operates as a truckload carrier that provides transportation services. It offers regional truckload, regional refrigerated, regional flat bed, nationwide logistics, guaranteed, dedicated, local shuttle, and specialized services to meet specific needs. The company also provides long haul services, including truckload dry freight shipments; and agricultural products transportation services. It serves various industries that range from food processing (dry and refrigerated) to automotive replacement parts manufacturing and distribution, and paper goods, as well as other industries primarily in Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin. The company was founded in 1990 and is based in Albany, Georgia with additional offices in Dunn and Edenton, North Carolina; Sylvester, Albany, and Blakely, Georgia; and Comanche, Texas.
Tribar Manufacturing LLC develops, manufactures, and supplies injection molded parts for furniture manufacturers, and industrial and automotive communities. The company’s products include exterior trims/badges/wheel caps, battery watering systems, interior trims, and internal components. It also supplies multiple decorative applications and complex assemblies. In addition, the company offers services, including painting, chrome plating, and electro-mechanical assembly components. Tribar Manufacturing was founded in 1995 and is based in Howell, Michigan.
AmerCare, Inc. manufactures latex and synthetic gloves. The company offers latex and latex free products for medical, non-medical, and food service; and non glove products, such as aprons, glove box holder, straws, and ziploc bags. Its products are also used in janitorial and various other fields. The company sells its products through distributors in the United States, Canada, and internationally. AmerCare, Inc. was founded in 1987 and is based in North Charleston, South Carolina.
Summit Interconnect, Inc. designs and manufactures printed circuit boards (PCBs). Its manufacturing services include quick-turn, prototype, and production. The company offers high density rigid, rigid flex, RF/microwave, and semiconductor test PCBs. It serves aerospace, defense, space, medical, networking and telecom, and semiconductor markets. The company was founded in 2016 and is based in Anaheim, California with additional office in Santa Clara, California; China; Korea; Taiwan; and Vietnam.
Tech-24, A Commercial Foodservice Repair Company is a business supplies and foodservice equipment firm.

Tech24

Merger/Acquisition in 2020
Tech-24, A Commercial Foodservice Repair Company is a business supplies and foodservice equipment firm.

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.

Pacific Defense

Private Placement in 2020
Pacific Defense develops non-kinetic systems for the military sector. Pacific Defense is based in the United States.

Mistras Group

Venture Round in 2003
Mistras Group provides asset protection solutions used to evaluate the structural integrity of critical energy, industrial, and public infrastructure. The company combines its products and technologies 24/7 online monitoring of critical assets; mechanical integrity (MI) and non-destructive testing (NDT) services; destructive testing (DT) services; process and fixed asset engineering and consulting services; and its enterprise inspection data management and analysis software (PCMS) to provide comprehensive and competitive products, systems, and services solutions from a single source provider. Mistras Group was established in 1978 and is headquartered in Princeton Junction, New Jersey.

MSI Express

Merger/Acquisition in 2020
MSI Express, Inc. provides contract packaging manufacturing services. Its product line includes dry and powdered food packaging products, household packaging products, beverages, pharmaceutical, and pet food packaging products. The company also provides assistance with package design and redesign to meet the project's specific goals and timeline. It also designs new and refurbished packaging equipment. MSI Express, Inc.was founded in 1998 and is based in Portage, Indiana.

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.
Adept Plastic Finishing, Inc. provides injection molding and plastic finishing services for vehicles. It offers injection molding products, such as steering wheel bezels, exterior covers, mirror shells, and interior trims. The company also provides painting services, including interior mid gloss mono-coat, exterior high gloss basecoat/clearcoat, interior low gloss mono-coat, interior basecoat/clearcoat, and masking low gloss mono-coat services; and decorative chrome plate finishing for vehicle badges, wheel trims, interior ornamentations, and mirrors, as well as light, medium, and heavy-duty truck grilles. Adept Plastic Finishing, Inc. was founded in 1984 and is based in Wixom, Michigan.
Go To Logistics, Inc. provides freight transportation and logistics services to various size companies in the United States. It offers less than truckload and full truckload shipment, dry van and refrigerated, drop hook, overnight next day, and warehousing services. The company serves Fortune 500 companies and local single shipper locations. Go To Logistics, Inc. was incorporated in 2006 and is based in Northlake, Illinois.
Fabricated Components Corporation, doing business as Marcel Electronics International, manufactures printed circuit boards. The company serves military, aerospace, semiconductor, telecommunications, and medical companies. It has strategic partnerships with Rogers Corporation, Nelco, Panasonic, Ticer Technologies, and Nan Ya PCB. The company was founded in 1979 and is based in Orange, California.
Express Packaging, Inc. provides packaging services. It offers contract packaging, contract manufacturing, return center, and site management services. The company was founded in 1998 and is based in Newcomerstown, Ohio.

JGB Enterprises, Inc

Private Equity Round in 2021
JGB Enterprises is a machinery company that provides hoses and fitting supplies.
Power & Composite Technologies Inc. manufactures custom composites and power generation components for original equipment manufacturers in the United States and internationally. It provides power generation products, including collector assemblies, composite rings and cones, generator rotor coils, mica tape kits, slot armor products, filament-based products, power generator repair kits, generator rewind kits, and slot liners; custom composite structures, such as composite reinforcement fibers, composite resin matrices, fiberglass composite products, and filament wound products; and carbon fiber machining products, including carbon fiber tubes. The company serves medical, aerospace, military, and recreational industries. Power & Composite Technologies Inc. was founded in 1994 and is based in Amsterdam, New York.
KCA Electronics Inc. manufactures high-end rigid, flexible, and rigid flex printed circuit boards for military, medical, and commercial industries. It offers military rigid-flex boards and military rigid boards for missile launch radar warning system applications; and multi-layer rigid and rigid-flex boards for power supply PCB and memory applications. The company’s products are used as components in military avionics and missile systems, and satellite and space exploration equipment. KCA Electronics Inc. was founded in 1992 and is based in Anaheim, California.

Strategic Delivery Solutions, LLC

Private Placement in 2018
Strategic Delivery Solutions, LLC engages in distribution of pharmaceutical products. The company's service include delivery of medication from pharmacy to patient and from wholesaler to pharmacy. Strategic Delivery Solutions, LLC was founded in 2009 and is headquartered in Farmingdale, New York.

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.
Wellborn Forest manufactures semi-custom wood kitchen and bath cabinetry available through independent cabinet dealers and home builders in the Eastern United States. From humble beginnings as a manufacturer of cabinets for government housing, Wellborn Forest has evolved to become a manufacturer of semi-custom cabinetry in a 200,000 square-foot facility in Alexander City, Alabama. With the professional designer and installer in mind, Wellborn Forest cabinetry is designed for remodelers as well as new home builders.
Strategic Delivery Solutions, LLC engages in distribution of pharmaceutical products. The company's service include delivery of medication from pharmacy to patient and from wholesaler to pharmacy. Strategic Delivery Solutions, LLC was founded in 2009 and is headquartered in Farmingdale, New York.
Commercial Steel Treating Corporation provides heat treating and metal finishing services to automotive, aeronautical, and manufacturing industries in the United States. It provides heat treating services, such as neutral harden, carburize, carbonitride, stress relieve, anneal, normalizing, solution treating, induction hardening, salt bath nitride, ferritic nitrocarburize, gas nitride, and salt strip bath on items, such as reamers, dies, punches, and other various high speed and tool steels. The company was founded in 1927 and is based in Madison Heights, Michigan.
Terra Drive Systems, Inc. designs and manufactures steerable hydraulic drive systems for on- and off-highway motorized specialty equipment. It offers rear-wheel drive systems and pass harvest and bale systems for combines, agricultural equipment, soil stabilizers, commercial turf care machines, aircraft loaders, road building equipment, digger derricks, cranes, dump trucks, and snow plows. The company provides its products to the customers in North America, South America, and Europe. Terra Drive Systems, Inc. was formerly known as Tuthill Drive Systems, Inc. The company was incorporated in 2011 and is based in Brookston, Indiana. Terra Drive Systems, Inc. is a prior subsidiary of Tuthill Corporation.
JGB Enterprises is a machinery company that provides hoses and fitting supplies.

KCA Electronics

Merger/Acquisition in 2016
KCA Electronics Inc. manufactures high-end rigid, flexible, and rigid flex printed circuit boards for military, medical, and commercial industries. It offers military rigid-flex boards and military rigid boards for missile launch radar warning system applications; and multi-layer rigid and rigid-flex boards for power supply PCB and memory applications. The company’s products are used as components in military avionics and missile systems, and satellite and space exploration equipment. KCA Electronics Inc. was founded in 1992 and is based in Anaheim, California.

JGB Enterprises, Inc

Merger/Acquisition in 2018
JGB Enterprises is a machinery company that provides hoses and fitting supplies.

Fabricated Components Corporation

Merger/Acquisition in 2016
Fabricated Components Corporation, doing business as Marcel Electronics International, manufactures printed circuit boards. The company serves military, aerospace, semiconductor, telecommunications, and medical companies. It has strategic partnerships with Rogers Corporation, Nelco, Panasonic, Ticer Technologies, and Nan Ya PCB. The company was founded in 1979 and is based in Orange, California.

Express Packaging, Inc.

Merger/Acquisition in 2019
Express Packaging, Inc. provides packaging services. It offers contract packaging, contract manufacturing, return center, and site management services. The company was founded in 1998 and is based in Newcomerstown, Ohio.

Renaissance Interactive Holding Corporation

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

Tech24

Private Equity Round in 2023
Tech-24, A Commercial Foodservice Repair Company is a business supplies and foodservice equipment firm.

Grasshopper Lawns

Private Equity Round in 2023
Grasshopper Lawns Inc is a family-owned and operated business since 1964 specializing in fertilizer, weed control, aeration, lime, flea & tick control, and other lawn care maintenance services.

The Delaney Co.

Merger/Acquisition in 2016
The Delaney Co. manufactures residential and commercial door locks, builder's hardware, bath accessories, trim hardware, and door hinges. The company was founded in 1992 and is based in Cumming, Georgia.

Pacific Defense

Pacific Defense develops non-kinetic systems for the military sector. Pacific Defense is based in the United States.