HCI Equity Partners (“HCI”), a leading lower-middle-market private equity firm, is pleased to announce the sale of its portfolio company, MSI Express (“MSI”), to Nonantum Capital Partners, a Boston-based private equity firm. The sale was completed on March 24, 2025 and the financial terms were not disclosed.
Founded in 2008, MSI is a contract manufacturing and packaging partner for leading food and beverage brands. Today, the company has 15 locations strategically located in six states and is one of the largest food co-manufacturers in the United States.
MSI CEO Charles Weinberg stated, “MSI Express has experienced significant growth and success over the past six years with the support of HCI-not only with respect to M&A, but also from HCI's in-house operations team. In partnership with HCI, we have created a leading player in our industry that will thrive well into the future.”
HCI Managing Partner Doug McCormick commented, “It has been our honor to work with the top-notch MSI team over the past six years. MSI is illustrative of HCI's mandate to partner with an exceptional management team to deliver transformational growth: topline growth in excess of 10x, consummating three strategic add-on acquisitions, and growing our production capabilities from 450k sq. ft. to a national footprint of over 2.5 million sq. ft. We wish MSI well in its next chapter of growth in partnership with Nonantum.”
Houlihan Lokey served as financial advisor and Quarles & Brady LLP served as the legal advisor to MSI Express and HCI.
About HCI Equity PartnersBased in Washington, DC, HCI is a lower middle market private equity firm focused on driving transformational growth of distributors, manufacturers, and technician-based service companies that serve large, stable, fragmented industries. HCI typically partners with family- and founder-owned businesses and supports management teams in this journey. Its investment professionals provide strategy, finance, and M&A support; its in-house operations team provides functional expertise to drive profitable organic growth; and its outside advisors provide relevant industry expertise and relationships. For more information, please visit www.hciequity.com.
About MSI ExpressFounded in 2008, MSI Expressis a leading food and beverage manufacturing and packaging company. MSI provides engineering solutions to America's well-known food and beverage brands. For more information, please visit www.msiexpress.com.
Contact:Caroline LuzLambert by LLYC203-570-6462cluz@lambert.com
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SOURCE HCI Equity Partners
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