WASHINGTON, DC, (March 16, 2022)—HCI Equity Partners, a leading lower middle market private equity firm, today announced that three of their portfolio companies have been featured on the 2022 Inc. 5000 Regionals list of Fastest Growing Companies. HCI platforms recognized in their respective regions include MSI Express, Pacific Defense and WF Cabinetry. Born of the annual Inc. 5000 franchise, these regional lists represent a unique look at the most successful companies within certain regions in the US.
MSI Express is the tenth fastest growing company on the Midwest regionals list. The Company is a leading contract manufacturer and packager focused on shelf-stable foods. MSI offers one of the broadest service and packaging offerings in the market, including dry mixing and blending, flexible pouches and sachets, liquid blending, and filling, stand cap pouching, canister filling, lidding, cup filling and pet food filling. Through three transformational add-on acquisitions and significant organic growth, MSI’s revenue has grown 1,003%, and employment increased 369% from 2018-2020.
Pacific Defense placed #91 on the Pacific regionals list. The Company designs, engineers and manufactures defense electronic products and solutions focused on providing open architecture systems to ground, sea and air military platforms to address constantly evolving warfare threats. Pacific Defense’s revenue grew 158% from 2018 to 2020, while their employment increased 94%.
WF Cabinetry placed #133 on the Southeast regionals list. The Company is a designer and manufacturer of semi-custom kitchen and bath cabinets. The Company sells to the single-family residential market through a broad network of independent dealers across the U.S. WF offers a wide variety of door styles, colors, and customization options while delivering superior quality and construction to its customers. WF’s revenue grew 97% from 2018 to 2020, while their employment increased 136%.
“We are proud that 20% of HCI’s platforms have been recognized by Inc. for their explosive growth,” said Doug McCormick, Managing Partner of HCI. “The recognition is another example of how HCI brings both capital and hands-on support to help our founders in achieving their goals.”
Dan Dickinson, HCI Managing Partner commented, “HCI’s core philosophy is to be business partners first with our portfolio founders and support them to rapidly grow through acquisition and organic investment. We are thrilled to see each of these companies recognized for becoming bigger and better businesses.”
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The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.