HCI Equity Partners, established in 2003, is a private equity firm headquartered in Washington, D.C., with additional offices in Minneapolis, Minnesota, and Northbrook, Illinois. The firm specializes in investing in growth-oriented, lower middle market industrial product and service companies, typically with revenues between $20 million and $200 million and EBITDA between $3 million and $25 million. HCI Equity targets majority ownership and seeks to partner with management teams, often retaining a stake for them post-closing. The firm's investment focus includes aerospace and defense, transportation, distribution, infrastructure, and niche manufacturing sectors. HCI Equity's team, with extensive operational experience, aims to support management teams in operational improvements and growth initiatives.
Chief of Staff and Vice President of Communications
Carl Nelson
Executive Partner
Nate Novak
Principal
Nathan Novak
Principal
Amy Stremmel
CFO
Kathryn Towns
Executive Partner
David Venker
Principal
14 past transactions
Delaware Valley Turf
Acquisition in 2024
Delaware Valley Turf is a landscaping company that provides a range of services aimed at enhancing the health and aesthetics of residential and commercial properties. Their offerings include lawn care, fertilization, weed control, aeration, overseeding, and pest control, which encompasses perimeter pest management, flea and tick control, and mosquito control. By focusing on these services, Delaware Valley Turf helps clients maintain vibrant lawns while safeguarding their properties from unwanted pests.
Brookside Lawn Service
Acquisition in 2024
Brookside Lawn Services is a landscaping company that provides a range of lawn care services to residential customers in the Cleveland and Akron metropolitan areas. The offerings include lawn fertilization, weed and insect control, soil testing, and tree and shrub care. By delivering these services, Brookside Lawn Services helps customers maintain healthy, green lawns that are free of weeds and pests.
Tri-State Enterprises
Private Equity Round in 2023
Tri-State Enterprises is an automobile company that provides distribution and warehousing of automotive parts and accessories.
Tech-24
Private Equity Round in 2023
Tech-24 is a company specializing in the installation, maintenance, and emergency repair of foodservice and HVAC equipment. Founded in 1982 and based in Greenville, South Carolina, with additional offices across the United States, Tech-24 provides a wide range of services including on-site repair for various kitchen and beverage equipment, preventive maintenance, and equipment refurbishment. Its offerings encompass a diverse array of equipment such as refrigerators, freezers, ovens, grills, and dishwashers, along with HVAC, electrical, and plumbing services. The company serves a broad clientele, including full-service restaurants, quick-service restaurants, convenience stores, coffee shops, government facilities, schools, and entertainment venues. Known previously as Commercial Foodservice Repair, Inc., Tech-24 rebranded in July 2014 to reflect its comprehensive service capabilities in the foodservice industry.
Custom Lawn Care
Acquisition in 2023
Custom Lawn Care is a Pennsylvania-based company specializing in lawn care services for both residential and commercial clients. Their comprehensive offerings include lawn, tree, and shrub care, aeration, hydroseeding, and tick and pest control services. The company ensures client lawns are well-maintained through thorough inspections, effective treatments, and ongoing monitoring.
Grasshopper Lawns
Private Equity Round in 2023
Grasshopper Lawns Inc is a family-owned business that has been operating since 1964, specializing in comprehensive lawn care services for residential customers. The company provides a range of treatments including fertilization, weed control, aeration, and pest management, specifically targeting fleas, ticks, and mosquitoes. Additionally, Grasshopper Lawns offers maintenance services for trees and shrubs, ensuring a well-rounded approach to lawn care.
JGB Enterprises
Private Equity Round in 2021
JGB Enterprises, Inc. is a supplier of hoses and hose assemblies tailored for commercial and military applications globally. Established in 1977 and headquartered in Liverpool, New York, the company provides a diverse range of hoses for various functions, including air, automotive, chemical transfer, fire protection, food, hydraulic, marine, and welding. In addition to hoses, JGB Enterprises offers a comprehensive selection of couplings, such as cam and groove fittings, clamps, and hydraulic fittings, catering to industries like fire protection, petroleum, and aircraft refueling. The company operates additional locations in Buffalo, New York; Charlotte, North Carolina; and St. Louis, Missouri, serving both industrial and government markets with its logistics and chain management solutions in fluid power products.
Summit Interconnect
Debt Financing in 2020
Summit Interconnect, Inc. is a manufacturer of printed circuit boards (PCBs) based in Anaheim, California, with additional offices in Santa Clara, California, as well as locations in China, Korea, Taiwan, and Vietnam. Founded in 2016, the company specializes in designing and producing a variety of PCBs, including high-density rigid boards, rigid-flex boards, and RF/microwave PCBs. Its services encompass quick-turn, prototype, and production manufacturing, catering to industries such as aerospace, defense, space, medical, networking and telecom, and semiconductors. Summit Interconnect is known for its advanced capabilities in high-layer count boards, staggered microvias, back drilling, and mixed material stackups, making it a key provider for both defense and high-performance commercial sectors in the North American market.
Tech-24
Acquisition in 2020
Tech-24 is a company specializing in the installation, maintenance, and emergency repair of foodservice and HVAC equipment. Founded in 1982 and based in Greenville, South Carolina, with additional offices across the United States, Tech-24 provides a wide range of services including on-site repair for various kitchen and beverage equipment, preventive maintenance, and equipment refurbishment. Its offerings encompass a diverse array of equipment such as refrigerators, freezers, ovens, grills, and dishwashers, along with HVAC, electrical, and plumbing services. The company serves a broad clientele, including full-service restaurants, quick-service restaurants, convenience stores, coffee shops, government facilities, schools, and entertainment venues. Known previously as Commercial Foodservice Repair, Inc., Tech-24 rebranded in July 2014 to reflect its comprehensive service capabilities in the foodservice industry.
Express Packaging
Acquisition in 2019
Express Packaging specializes in outsourced contract packaging and contract manufacturing services for global consumer brands. The company operates three SQF Level 3 certified facilities located in West Chicago, IL, Columbus, OH, and Newcomerstown, OH. It offers a wide range of primary and secondary manufacturing capabilities, focusing on products such as dry foods, candy, pet food, and sweeteners. Express Packaging provides various services including pouching, bagging, bundling, flow wrapping, injection molding, and cartoning. Additionally, the company offers Dealer Inventory Allocation (DIA) and site management services, along with adaptable IT equipment designed for diverse production sizes, materials, and speeds.
Wellborn Forest Products
Acquisition in 2018
Wellborn Forest Products, Inc. is a manufacturer based in Alexander City, Alabama, specializing in semi-custom hardwood cabinetry for the kitchen and bathroom sectors. Founded in 1986, the company began by producing cabinets for government housing and has since expanded its operations to serve the independent cabinet, regional cabinet, and builder retail markets across the Eastern United States. Wellborn Forest offers a diverse range of products, including various cabinet styles, storage solutions, and custom modifications, along with decorative hardware and moldings. The company's cabinetry is designed with both remodelers and new home builders in mind, featuring quality components such as whisper-quiet soft-close hinges and dovetail joinery. Wellborn Forest markets its products through a network of dealers, catering to consumers, contractors, and builders.
MISTRAS Group
Venture Round in 2003
Mistras Group offers asset protection solutions designed to 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 provides a range of services including non-destructive testing, mechanical integrity assessments, and engineering consulting. Mistras Group operates through three segments: North America, International, and Products and Systems, with the majority of its revenue generated from North America, particularly the United States. The company integrates its services with advanced technologies for online monitoring and data management, allowing for comprehensive solutions that address the maintenance and inspection needs of various industries.
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.
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