#USA #Stamford #Olympus Partners #26North Partners #MEI Industrial Solutions

Olympus Partners Transfers MEI Industrial Solutions to 26North Partners

In a strategic move, Olympus Partners recently disclosed its agreement to sell MEI Industrial Solutions (commonly known as MEI) to 26North Partners LP. This sale marks a significant milestone for MEI, a prominent provider of industrial equipment services that supports major sectors including data centers and semiconductors.

Overview of MEI Industrial Solutions

MEI is celebrated for its comprehensive suite of services, which encompasses rigging, machinery moving, industrial storage, millwrighting, custom crating, and integrated logistics. The company boasts nearly 2,500 employees distributed across its 30 operational locations in the United States. With a solid reputation for delivering exceptional service to a diverse range of blue-chip clients, MEI has become a key player in its industry.

Under the ownership of Olympus Partners, MEI witnessed remarkable growth. The company expanded from 16 to 30 operational sites and strategically entered new markets such as Chicago, Miami, Providence, and Richmond. Additionally, MEI quadrupled its indoor storage capacity to over 10 million square feet while executing seven successful acquisitions, thus solidifying its industry presence.

Leadership and Strategic Growth

The growth trajectory of MEI during Olympus' ownership is largely attributed to the leadership of CEO Doug Dayton, who was brought on board to enhance the company’s commercial capabilities. Under Dayton's direction, MEI implemented a regional leadership structure supported by robust corporate infrastructure and adhered to a rigorous safety program that is considered industry-leading.

Sam Greenberg, a Partner at Olympus, stated, "Our investment in MEI was anchored in a strong business model and an exceptionally talented team. By making targeted investments in both leadership and technology, the Company has integrated its geographic footprint into a unified national platform, delivering a level of service quality unparalleled in the industry. We are incredibly proud of what Doug and his team have built and look forward to supporting MEI's growth under its new ownership."

Future Prospects with 26North Partners

Doug Dayton expressed his gratitude for Olympus Partners and emphasized the strength of the partnership that enabled MEI’s remarkable growth over the last three years. He noted, "The growth MEI has experienced is a testament to our extraordinary workforce and the strong partnership with Olympus. Their support allowed us to invest in becoming an industry leader while remaining true to our core values: safety, accountability, and customer service. I’m excited for the next chapter with 26North Partners as we continue this momentum."

The transition to 26North Partners is expected to usher in a new era of opportunities for MEI. The partnership promises a focus on further innovation and adaptability in responding to evolving customer needs and maintaining a leading edge in a competitive marketplace.

About Olympus Partners and MEI Industrial Solutions

Olympus Partners is a private equity firm that specializes in providing equity capital for middle-market management buyouts and firms with growth potential. With over $12 billion under management, Olympus is known for active investments across various industries, including industrial services and manufacturing.

MEI Industrial Solutions, founded in 1990 and headquartered in Dallas, Texas, serves critical markets such as data centers, semiconductor, aerospace and defense, and life sciences. The company's operations span across the United States, providing crucial services that encompass machinery moving, storage, crating, and specialized logistics solutions. For more details about their offerings, visit www.meiindustrialsolutions.com.