HCI Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, HCI Equity Partners has acquired 4 companies. It has also invested in 2 others.

HCI Equity Partners’ most common sectors for investment aretransportation (20%) and business services (14%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (53%) and growth capital (18%). In total, HCI Equity Partners has invested in 19 US states and 2 different countries.

In the last 3 years, HCI Equity Partners has exited 4 companies. The Firm’s most common exit type is trade sale (31%). HCI Equity Partners’ largest (disclosed) exit occurred in 2016 when it sold Herndon Aerospace & Defense for $210M.

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M&A Summary

M&A Total Activity72
- M&A Buy Activity46
- M&A Sell Activity26
Total Sectors Invested 19
Total Countries Invested 2
M&A Buy/Sell Connections 16
M&A Advisors 2

HCI Equity Partners

Transaction Criteria	Min	Max
Target Revenue	20	200
Target EBITDA	3	25
Investment Size	15	75
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

200

Target EBITDA

Investment Size

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.6/yr)	#	38	2	-	-	3	3	46
Sell (1.0/yr)	#	21	1	3	1	-	-	26
vol	$317M						$317M
	72

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.6/yr)

Sell (1.0/yr)

vol

$317M

Company	Date	Value	Type
LawnPRO Partners	2024-07-11	-	Buyout (LBO, MBO, MBI)
Washington, District of Columbia
Delaware Valley Turf	2024-01-04	-	Buyout (LBO, MBO, MBI)
Broomall, Pennsylvania · www.delawarevalleyturf.com
Brookside Lawn Service, Inc.	2024-01-04	-	Buyout (LBO, MBO, MBI)
Medina, Ohio · www.brooksidelawnservice.com
Tri-State Enterprises, Inc.	2023-11-07	-	Recapitalization
Fort Smith, Arkansas · www.etristate.com
Custom Lawn Care, Inc.	2023-08-02	-	Growth Capital
Butler, Pennsylvania · www.customlawncareinc.com
Grasshopper Lawns, Inc.	2023-07-10	-	Growth Capital
Larksville, Pennsylvania · www.grasshopperlawns.com
SouthernAG Carriers, Inc.	2022-07-08	-	Unknown
Albany, Georgia · www.sou-ag.com
Summit Interconnect, Inc.	2021-09-27	-	Secondary Sale
Anaheim, California · www.summitinterconnect.com
Power & Composite Technologies LLC	2021-07-30	-	Trade Sale
Amsterdam, New York · www.pactinc.com
Go To Logistics, Inc.	2021-05-17	-	Secondary Sale
Northlake, Illinois · www.gotologistics.net
View All >>

Company

Date

Value

Type

LawnPRO Partners

2024-07-11

Buyout (LBO, MBO, MBI)

Washington, District of Columbia

Delaware Valley Turf

2024-01-04

Buyout (LBO, MBO, MBI)

Broomall, Pennsylvania · www.delawarevalleyturf.com

Brookside Lawn Service, Inc.

2024-01-04

Buyout (LBO, MBO, MBI)

Medina, Ohio · www.brooksidelawnservice.com

Tri-State Enterprises, Inc.

2023-11-07

Recapitalization

Fort Smith, Arkansas · www.etristate.com

Custom Lawn Care, Inc.

2023-08-02

Growth Capital

Butler, Pennsylvania · www.customlawncareinc.com

Grasshopper Lawns, Inc.

2023-07-10

Growth Capital

Larksville, Pennsylvania · www.grasshopperlawns.com

SouthernAG Carriers, Inc.

2022-07-08

Unknown

Albany, Georgia · www.sou-ag.com

Summit Interconnect, Inc.

2021-09-27

Secondary Sale

Anaheim, California · www.summitinterconnect.com

Power & Composite Technologies LLC

2021-07-30

Trade Sale

Amsterdam, New York · www.pactinc.com

Go To Logistics, Inc.

2021-05-17

Secondary Sale

Northlake, Illinois · www.gotologistics.net

View All >>

Company	Acquired	Add-On/Sale	Date	#
MSI Express, Inc.	2019-05-01	Express Packaging, Inc.	2019-05-01	2
Portage, Indiana · www.msiexpress.com	Columbus, Ohio · www.expk.co

Company

Acquired

Add-On/Sale

Date

MSI Express, Inc.

2019-05-01

Express Packaging, Inc.

2019-05-01

Portage, Indiana · www.msiexpress.com

Columbus, Ohio · www.expk.co

Sector	Current #	Value	All-time #	Value
Transportation	1 (5%)	-	9 (20%)	-
Business Services	2 (10%)	-	6 (13%)	-
Automotive	3 (15%)	-	5 (11%)	-
Packaging	1 (5%)	-	4 (9%)	-
Consumer Products	2 (10%)	-	2 (4%)	-
Consumer Services	2 (10%)	-	2 (4%)	-
Distribution	1 (5%)	-	2 (4%)	-
Electronics	1 (5%)	-	2 (4%)	-
Environmental	1 (5%)	-	2 (4%)	-
Manufacturing	1 (5%)	-	2 (4%)	-
Safety/Security	1 (5%)	-	2 (4%)	-
Aerospace	-	-	1 (2%)	-
Apparel/Textiles	1 (5%)	-	1 (2%)	-
Building Materials	-	-	1 (2%)	-
Forest Products	1 (5%)	-	1 (2%)	-
Furniture	1 (5%)	-	1 (2%)	-
Metals/Mining	1 (5%)	-	1 (2%)	-
Semiconductors	-	-	1 (2%)	-
Test/Measurement Equipment	-	-	1 (2%)	-
Total	20	-	46	-

Sector

Current #

Value

All-time #

Value

Transportation

1 (5%)

9 (20%)

Business Services

2 (10%)

6 (13%)

Automotive

3 (15%)

5 (11%)

Packaging

1 (5%)

4 (9%)

Consumer Products

2 (10%)

2 (4%)

Consumer Services

2 (10%)

2 (4%)

Distribution

1 (5%)

2 (4%)

Electronics

1 (5%)

2 (4%)

Environmental

1 (5%)

2 (4%)

Manufacturing

1 (5%)

2 (4%)

Safety/Security

1 (5%)

2 (4%)

Aerospace

1 (2%)

Apparel/Textiles

1 (5%)

1 (2%)

Building Materials

1 (2%)

Forest Products

1 (5%)

1 (2%)

Furniture

1 (5%)

1 (2%)

Metals/Mining

1 (5%)

1 (2%)

Semiconductors

1 (2%)

Test/Measurement Equipment

1 (2%)

Total

State/Country	Current #	Value	All-time #	Value
United States	20 (100%)	-	44 (96%)	-
	Michigan	3 (15%)	-	6 (13%)	-
	Ohio	1 (5%)	-	5 (11%)	-
	Pennsylvania	3 (15%)	-	3 (7%)	-
	New Jersey	2 (10%)	-	3 (7%)	-
	Indiana	2 (10%)	-	3 (7%)	-
	New York	1 (5%)	-	3 (7%)	-
	Illinois	1 (5%)	-	3 (7%)	-
	California	1 (5%)	-	3 (7%)	-
	Arizona	-	-	3 (7%)	-
	South Carolina	2 (10%)	-	2 (4%)	-
	Georgia	-	-	2 (4%)	-
	Texas	1 (5%)	-	1 (2%)	-
	District of Columbia	1 (5%)	-	1 (2%)	-
	Arkansas	1 (5%)	-	1 (2%)	-
	Alabama	1 (5%)	-	1 (2%)	-
	Virginia	-	-	1 (2%)	-
	Tennessee	-	-	1 (2%)	-
	Missouri	-	-	1 (2%)	-
	Colorado	-	-	1 (2%)	-
Canada	-	-	2 (4%)	-
	Ontario	-	-	2 (4%)	-
Domestic	20 (100%)	-	44 (96%)	-
Cross-border	-	-	2 (4%)	-
Total	20	-	46	-

State/Country

Current #

Value

All-time #

Value

United States

20 (100%)

44 (96%)

Michigan

3 (15%)

6 (13%)

Ohio

1 (5%)

5 (11%)

Pennsylvania

3 (15%)

3 (7%)

New Jersey

2 (10%)

3 (7%)

Indiana

2 (10%)

3 (7%)

New York

1 (5%)

3 (7%)

Illinois

1 (5%)

3 (7%)

California

1 (5%)

3 (7%)

Arizona

3 (7%)

South Carolina

2 (10%)

2 (4%)

Georgia

2 (4%)

Texas

1 (5%)

1 (2%)

District of Columbia

1 (5%)

1 (2%)

Arkansas

1 (5%)

1 (2%)

Alabama

1 (5%)

1 (2%)

Virginia

1 (2%)

Tennessee

1 (2%)

Missouri

1 (2%)

Colorado

1 (2%)

Canada

2 (4%)

Ontario

2 (4%)

Domestic

20 (100%)

44 (96%)

Cross-border

2 (4%)

Total

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	8 (40%)	-	24 (52%)	-
Growth Capital	6 (30%)	-	8 (17%)	-
Recapitalization	3 (15%)	-	6 (13%)	-
Secondary Buyout	2 (10%)	-	4 (9%)	-
Consolidation	-	-	2 (4%)	-
Divestiture	1 (5%)	-	1 (2%)	-
Stake Purchase	-	-	1 (2%)	-
Total	20	-	46	-

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

8 (40%)

24 (52%)

Growth Capital

6 (30%)

8 (17%)

Recapitalization

3 (15%)

6 (13%)

Secondary Buyout

2 (10%)

4 (9%)

Consolidation

2 (4%)

Divestiture

1 (5%)

1 (2%)

Stake Purchase

1 (2%)

Total

Type	Total #	Value
Secondary Sale	8 (31%)	-
Trade Sale - Public Company	5 (19%)	317M (100%)
Merger	5 (19%)	-
Trade Sale	3 (12%)	-
IPO	2 (8%)	-
Bankruptcy	1 (4%)	-
Recapitalization	1 (4%)	-
Unknown	1 (4%)	-
Total	26	$317M

Type

Total #

Value

Secondary Sale

8 (31%)

Trade Sale - Public Company

5 (19%)

317M (100%)

Merger

5 (19%)

Trade Sale

3 (12%)

IPO

2 (8%)

Bankruptcy

1 (4%)

Recapitalization

1 (4%)

Unknown

1 (4%)

Total

$317M

Legal	Deals
Quarles & Brady	4
Dickinson Wright	1

Legal

Deals

Quarles & Brady

Dickinson Wright

sell	#	Total
$100M to $1B	1	$210M
< $100M	2	$107M
TOTAL	$317M
Largest	Herndon Aerospace & Defense LLC $210M (2016-05-17)

sell

Total

$100M to $1B

$210M

< $100M

$107M

TOTAL

$317M

Largest

Herndon Aerospace & Defense LLC
$210M (2016-05-17)

		Deals
Acquired from
Investor(s)	11%	5 (11%)
Strategic(s)	2%	1 (2%)
Exited to
Investor(s)	31%	8 (31%)
Strategic(s)	50%	13 (50%)

Deals

Acquired from

Investor(s)

5 (11%)

Strategic(s)

1 (2%)

Exited to

Investor(s)

8 (31%)

Strategic(s)

13 (50%)

FAQ

What type of investor is HCI Equity Partners?

HCI Equity Partners is a private equity firm.

Where is HCI Equity Partners headquartered?

HCI Equity Partners is headquartered in Washington, District of Columbia.

How much capital does HCI Equity Partners have under management?

HCI Equity Partners has 1.0B USD under management.

HCI Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary