MPE Partners Finalizes Acquisition of MSHS & PPG to ISS Enhancing Strategic Performance
On February 10, 2026, MPE Partners, a distinguished private equity firm operating in Cleveland and Boston, declared the successful completion of the sale of MSHS and Pacific Power Group (collectively known as MSHS PPG) to Industrial Service Solutions (ISS). This pivotal transaction marks a significant milestone for MPE Partners and its portfolio company, strengthening their foothold in the market of maintenance, repair, and overhaul (MRO) solutions.
Headquartered in Fort Lauderdale, Florida, MSHS PPG is recognized as a leading independent provider of comprehensive MRO solutions across various industries, including power generation, marine, and national security. The completion of the sale to ISS is expected to catalyze new growth opportunities for MSHS PPG, positioning the company to offer enhanced services and expand its reach within the market.
Joe Machado, Partner at MPE Partners, stated, "We are proud of our partnership with the MSHS PPG team, having transformed the company into a leading independent MRO solutions provider. Our strategic focus revolved around merging two esteemed brands with complementary capabilities and making disciplined investments in technical expertise and infrastructure. Now, with ISS and Wynnchurch Capital, MSHS PPG is set for its next growth phase."
The transformation of MSHS PPG has been a collaborative effort, and David Santamaria, President and CEO of MSHS PPG, emphasized the positive impact of this partnership. He noted, "MPE has proven to be the ideal partner to support our growth ambitions. Together, we strengthened our relationships with original equipment manufacturers (OEMs) across various platforms, developed superior service delivery capabilities, and built a dedicated and talented team. This strong foundation uniquely positions us as we deepen our collaboration with ISS to serve our customers and embrace future opportunities."
Matt Yohe, another Partner at MPE, remarked on the dedication of the MSHS PPG management and employees. Their commitment was instrumental in driving the transformation during MPE's investment. "MSHS PPG has cultivated a reputation as a trusted provider for complex power and propulsion applications. Its technical expertise and unwavering dedication to customer success have earned it a solid foundation in the industry. We are confident this legacy will pave the way for continued success in its future endeavors," he commented.
The sale transaction was supported by Citizens Capital Markets Advisory as the exclusive financial advisor to MSHS PPG, with legal counsel provided by BakerHostetler. Financial due diligence support was conducted by Alvarez & Marsal. Specific terms regarding the deal have not been disclosed publicly.
MSHS PPG, formed from the merger of two esteemed businesses, delivers a comprehensive range of MRO solutions, including field services, specialized workshop solutions, parts distribution, system sales, and advanced control solutions tailored across numerous OEM platforms. Their proprietary service model and esteemed technical talent ensure customers can maximize uptime, extend asset longevity, and comply with rigorous regulatory and reliability standards in mission-critical environments. For those interested in learning more, additional information is available on their website: mshs.pacificpowergroup.com.
MPE Partners prides itself on being a preferred partner for entrepreneur- and family-owned companies. Focusing on investments in profitable, lower middle market companies, MPE seeks businesses showcasing strong potential for growth in sectors like high-value manufacturing and commercial industrial services. For more insights into their investment strategies and portfolio, visit their website at www.mpepartners.com.
Headquartered in Fort Lauderdale, Florida, MSHS PPG is recognized as a leading independent provider of comprehensive MRO solutions across various industries, including power generation, marine, and national security. The completion of the sale to ISS is expected to catalyze new growth opportunities for MSHS PPG, positioning the company to offer enhanced services and expand its reach within the market.
Joe Machado, Partner at MPE Partners, stated, "We are proud of our partnership with the MSHS PPG team, having transformed the company into a leading independent MRO solutions provider. Our strategic focus revolved around merging two esteemed brands with complementary capabilities and making disciplined investments in technical expertise and infrastructure. Now, with ISS and Wynnchurch Capital, MSHS PPG is set for its next growth phase."
The transformation of MSHS PPG has been a collaborative effort, and David Santamaria, President and CEO of MSHS PPG, emphasized the positive impact of this partnership. He noted, "MPE has proven to be the ideal partner to support our growth ambitions. Together, we strengthened our relationships with original equipment manufacturers (OEMs) across various platforms, developed superior service delivery capabilities, and built a dedicated and talented team. This strong foundation uniquely positions us as we deepen our collaboration with ISS to serve our customers and embrace future opportunities."
Matt Yohe, another Partner at MPE, remarked on the dedication of the MSHS PPG management and employees. Their commitment was instrumental in driving the transformation during MPE's investment. "MSHS PPG has cultivated a reputation as a trusted provider for complex power and propulsion applications. Its technical expertise and unwavering dedication to customer success have earned it a solid foundation in the industry. We are confident this legacy will pave the way for continued success in its future endeavors," he commented.
The sale transaction was supported by Citizens Capital Markets Advisory as the exclusive financial advisor to MSHS PPG, with legal counsel provided by BakerHostetler. Financial due diligence support was conducted by Alvarez & Marsal. Specific terms regarding the deal have not been disclosed publicly.
MSHS PPG, formed from the merger of two esteemed businesses, delivers a comprehensive range of MRO solutions, including field services, specialized workshop solutions, parts distribution, system sales, and advanced control solutions tailored across numerous OEM platforms. Their proprietary service model and esteemed technical talent ensure customers can maximize uptime, extend asset longevity, and comply with rigorous regulatory and reliability standards in mission-critical environments. For those interested in learning more, additional information is available on their website: mshs.pacificpowergroup.com.
MPE Partners prides itself on being a preferred partner for entrepreneur- and family-owned companies. Focusing on investments in profitable, lower middle market companies, MPE seeks businesses showcasing strong potential for growth in sectors like high-value manufacturing and commercial industrial services. For more insights into their investment strategies and portfolio, visit their website at www.mpepartners.com.
Topics Financial Services & Investing）
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