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Bluestone Investment Partners Acquires Quadel Consulting & Training

Washington, D.C., February 2019 — HCI Equity Partners is please to announce the sale of Quadel Consulting & Training ("Quadel") by Thayer Equity Investors V, L.P. ("Thayer V"). HCI completed the sale of Quadel to Bluestone Investment Partners on February 8, 2019.

Quadel, headquartered in Washington, DC, provides outsourced program management, contract administration, disaster recovery, consulting, training and educational services. These services are provided to various federal, local and state agencies. Quadel is a national expert in the HUD-Assisted Multifamily, Public Housing, Housing Choice Voucher, and Low Income Housing Tax Credit programs.