HCI Named to Inc.’s Top Founder-Friendly Investor List for Third Consecutive Year

WASHINGTON, D.C. (Oct. 5, 2022) – HCI Equity Partners (“HCI”), a leading lower middle market private equity firm that partners with founder-owned distribution, manufacturing and B2B service companies, today announced it has been recognized by Inc. for the third consecutive year as a 2022 Top Founder-Friendly Investor. Inc.’s annual list recognizes private equity and venture capital firms that have the best track record of successfully backing entrepreneurs and remaining actively involved with the businesses they invest in.

“Through HCI’s partnerships with family- and founder-owned businesses, we apply our strategy and playbook to build not only bigger, but better and more diversified businesses. The result is businesses that benefit all constituents—investors, customers, management and employees,” said Doug McCormick, Managing Partner at HCI. “We are proud to be a resource for entrepreneurs to take their company or family business to the next level.”

Inc. compiled the 2022 list by selecting firms that entrepreneurs collaborate with and trust as they receive the financial support they need to help drive growth. Founders shared about their experiences with private equity firms with Inc. and data on how their companies grew during the partnership.

“HCI has been an extremely thoughtful and dedicated partner during their ownership of AmerCareRoyal. We have grown from a regional distribution company offering one product to a market leader in the US with a national fulfillment capability, offering over 20 product lines,” said Scott Milberg, CEO of AmerCareRoyal. “We’ve experienced explosive growth, completing 7 add-on acquisitions and growing revenues over 2000% since partnering with HCI. I’m proud my family and I chose HCI, which has guided us to where we are today.”

“We are honored to receive this award for the third year in a row in recognition of HCI’s strategy of supporting entrepreneurs, especially because the evaluation included interviewing our portfolio companies’ founders.” said Dan Dickinson, HCI Managing Partner. “We understand their needs because over 90% of our current platform investments have been with founder and family-owned businesses. We look forward to continuing to support our founders and finding new entrepreneurs who are ready to achieve their next stage of growth.”





Inc. Magazine’s Founder-Friendly Investors is a published list of U.S. founder-friendly private equity firms. HCI has paid a fee to be considered for this recognition. Private equity firms that have exited U.S.-based, founder-led, public or private, portfolio companies within the past five years were eligible to apply. This recognition is based on the analysis of and information gathered by Inc. Magazine using its own criteria and methodologies. As part of the vetting process, Inc. Magazine interviewed one or more portfolio company representatives about their experience partnering with HCI. For investments to qualify, portfolio company founders must have remained actively involved in their business for at least one year post-investment. The complete list of private equity firms considered for this award is not known to HCI. The award reflects information about a sample of portfolio companies and may not be representative of every portfolio company’s experience with HCI. There is no guarantee that similar awards will be obtained by HCI in the future. Portfolio companies should make their own determinations about the prospects of partnering with HCI.