HCI Equity Partners Achieves Successful Sale of MSI Express to Nonantum Capital

HCI Equity Partners Successfully Sells MSI Express

In a strategic move that underscores the dynamic nature of the lower-middle-market private equity landscape, HCI Equity Partners, based in Washington, D.C., has announced the successful sale of its portfolio company, MSI Express, to Nonantum Capital Partners. The sale, completed on March 24, 2025, represents a significant chapter in the growth story of MSI Express, a renowned player in the food and beverage co-manufacturing sector.

Founded in 2008, MSI Express has carved out a prominent position as a contract manufacturing and packaging partner for some of the most recognizable brands in the food and beverage industry. With 15 strategically located facilities across six states, the company has emerged as one of the largest co-manufacturers in the United States. This extensive network enables MSI Express to effectively meet the diverse needs of its clients, leveraging advanced engineering solutions tailored to the specific requirements of various food and beverage products.

Charles Weinberg, CEO of MSI Express, expressed his appreciation for the partnership with HCI, which has been a driving force behind the company's growth trajectory in recent years. Under HCI's stewardship, MSI has not only expanded its operational capabilities but has also experienced top-line growth exceeding tenfold. This remarkable performance included three strategic add-on acquisitions that have further solidified MSI's competitive edge in a fragmented industry.

Doug McCormick, Managing Partner at HCI, commented, "Collaborating with the talented MSI team over the past six years has been a privilege. Our partnership has been a testament to our commitment to working alongside exceptional management teams, and MSI is a prime example of this. As we transition MSI into the capable hands of Nonantum Capital, we are confident that the company will continue to thrive and innovate in the years to come."

The financial terms of the transaction have not been disclosed, but the strategic implication is clear: MSI Express is poised for a new chapter of growth and expansion, particularly with Nonantum Capital’s expertise in the private equity domain. This transition comes at a time when the food and beverage industry is witnessing rapid changes in consumer preferences, sustainability considerations, and demands for enhanced operational efficiencies.

Huoliank Lokey played a key role in facilitating this transaction as the financial advisor, while Quarles Brady LLP provided legal counsel to both HCI and MSI Express. Their involvement not only highlights the complexity of such transactions but also underscores the importance of having seasoned advisors in the private equity landscape.

In summary, the sale of MSI Express marks a significant milestone not only for HCI Equity Partners but also for MSI as it embarks on this new journey with Nonantum Capital. With a foundation built on strategic growth, operational excellence, and strong leadership, MSI Express is well-positioned to navigate the evolving landscape of the food and beverage industry. As industry dynamics continue to shift, the emphasis on innovation, efficiency, and client-centric solutions will remain at the forefront of MSI's mission to serve the market better.

For more information on HCI Equity Partners and its portfolio, please visit HCI's website or for details regarding MSI Express, you can find more at MSI Express's website.