Three HCI Portfolio Companies Named to Inc. 5000’s 2022 List of Fastest Growing Companies

WASHINGTON, DC, August 17, 2022  HCI Equity Partners, a leading lower-middle-market private equity firm, today announced that three of their portfolio companies have been featured on Inc. 5000’s 2022 list of fastest growing companies. The recognized platforms include MSI Express. Inc, AmerCareRoyal, and WF Cabinetry.  Inc. 5000 is the most prestigious ranking of the fastest-growing private companies in North America posting average median growth for the three years ending 2020 of 230%. Together, those companies also added more than 1.1 million jobs over the past three years.

MSI Express 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 to include 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 acquisitions and significant organic growth, MSI’s revenue has increased 1018%, while their employment increased 81% from 2018-2021.

AmerCareRoyal is a leading supplier of disposable products for the foodservice, janitorial and healthcare markets in North America. With an established national footprint, the Company sells over 6,000 disposable items to a diverse customer base consisting of foodservice distributors, restaurant chains and other retail establishments. AmerCareRoyal’s revenue grew 99% from 2018 to 2021 through a combination of acquisitions and organic growth initiatives, while their employment increased 102%.

WF Cabinetry 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. and offers a wide variety of door styles, colors, and customizations options while delivering superior quality and construction to its customers. WF’s revenue grew 139% from 2018 to 2021, and their employment increased 142%.

“We are thrilled that over 20% of HCI’s platforms have been recognized by Inc. for delivering this impressive growth,” stated Doug McCormick, Managing Partner and CIO of HCI Equity Partners. “This is the second consecutive year these companies have been recognized by Inc. 5000 which is a testament not only to the contributions of our leaders and employees at these companies, but also the consistent impact of HCI’s engagement model to drive transformational growth through team building and M&A.”

“HCI is honored to partner with these three companies, along with the rest of our portfolio, and play a role in helping them grow exponentially through acquisition and organic investment,” commented Dan Dickinson, Managing Partner of HCI Equity Partners. “We are proud of the work these teams have accomplished and look forward to continue supporting the entire portfolio with their growth journeys.”

To view the full list of winners and database, visit