M&A Deal Summary

HCI Equity Partners Acquires Tri-State Enterprises

On November 7, 2023, private equity firm HCI Equity Partners acquired distribution company Tri-State Enterprises

Acquisition Highlights
  • This is HCI Equity Partners’ 2nd transaction in the Distribution sector.
  • This is HCI Equity Partners’ 41st transaction in the United States.
  • This is HCI Equity Partners’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2023-11-07
Target Tri-State Enterprises
Sector Distribution
Buyer(s) HCI Equity Partners
Deal Type Recapitalization
Advisor(s) Mitchell, Williams, Selig, Gates & Woodyard P.L.L.C. (Legal)

Target

Tri-State Enterprises

Fort Smith, Arkansas, United States
website
Tri-State Enterprises is a warehouse distributor of automotive aftermarket hard parts, consumables, accessories, and paint. The Company specializes in automotive hard parts, consumables, truck accessories, car audio/electronics, and paint. Tri-State Enterprises is based in Fort Smith, Arkansas.

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Buyer(S) 1

Buyer

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 43 of 45
Sector (Distribution) 2 of 2
Type (Recapitalization) 6 of 6
State (Arkansas) 1 of 1
Country (United States) 41 of 43
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Custom Lawn Care

Butler, Pennsylvania, United States

Custom Lawn Care is a provider of lawn care treatment services to residential and commercial customers. Custom Lawn Care is based in Butler, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Delaware Valley Turf

Broomall, Pennsylvania, United States

Delaware Valley Turf is a provider of lawn care, tree and shrub, and pest control services to residential customers in the Philadelphia metro. Delaware Valley Turf was founded in 2008 and is based in Broomall, Pennsylvania.

Buy -
Mergr

Product

Company

Legal