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HCI Equity Partners Launches Investment Strategy in Foundation Repair and Waterproofing Sector

In an exciting development for the residential construction industry, HCI Equity Partners, a prominent private equity firm focusing on lower middle-market investments, has officially closed a special purpose vehicle (SPV). This new initiative aims to consolidate companies operating in the residential foundation repair and basement waterproofing sectors. The move is underscored by the SPV being oversubscribed, reflecting strong investor interest and confidence in the potential of these essential services.

According to Doug McCormick, Managing Partner at HCI Equity Partners, the firm has established a successful track record in scaling technician-based services. McCormick emphasizes that their operational expertise can unlock significant value and promote growth in various sectors where they invest. He stated, "With this transaction, we aim to build a consolidated platform that will improve the customer experience and provide employees with a great long-term home."

The decision to target the foundation repair and waterproofing industries stems from several vital factors identified by HCI's team. Nate Novak, Managing Director at HCI, explained that their proactive investment thesis is based on the critical need for these services in homes, the fragmented nature of the market, and favorable industry dynamics expected to drive growth for the foreseeable future. He expressed confidence that HCI could offer valuable partnerships to leading local companies while helping them maintain their successful legacies during transitions.

HCI's strategy will involve making strategic acquisitions of residential foundation repair and waterproofing businesses known for their strong local reputations and commitment to a people-first culture. The firm is actively welcoming inquiries from potential interested companies looking to join this growing platform. Those interested should contact Nate Novak directly via email to discuss partnership opportunities.

HCI Equity Partners is known for investing in lower middle-market companies and creating scalable industry leaders in stable and fragmented markets. Their focus spans various sectors, including distribution, technician-based services, and fundamental manufacturing. By working closely with management teams, HCI seeks to drive sustainable value creation in the industries they support. For more information about HCI Equity Partners and the services they provide, visit www.hciequity.com.

As the demand for reliable foundation repair and waterproofing services continues to grow, HCI’s initiative could reshape the industry landscape, offering enhanced service standards and operational efficiencies. The firm’s commitment to nurturing local businesses and preserving their legacy while ensuring scalability is a significant step forward for the sector. Investors and stakeholders within the industry will be closely monitoring the impact of this new investment strategy as HCI begins to execute its plans for consolidation and growth.