WASHINGTON, Aug. 19,
2024 /PRNewswire/ -- HCI Equity Partners, a
leading lower-middle-market private equity firm, today announced
that six of its businesses representing over a third of the
portfolio have been featured on Inc. 5000's 2024 list of the
fastest growing private companies in America. The recognized
platforms include Tech24, Consolidated Hospitality
Supplies ("CHS"), Regent Cabinet Solutions, Tri-State
Enterprises, Highland Commercial Roofing, and Pacific Defense. The
Inc. 5000 list provides a data-driven look at the most successful
companies within the economy's most dynamic segment—entrepreneurial
businesses. Together, these companies also added 874,458 jobs to
the economy over the past three years.
"We are thrilled that six of HCI's platforms have been
recognized by Inc. for achieving these impressive growth metrics,"
stated Doug McCormick, Managing
Partner and CIO of HCI Equity Partners. "This recognition affirms
our strategy of driving transformational growth through both
acquisitions and investment in organic initiatives, resulting in
over 40% of HCI's current portfolio being recognized for achieving
these outstanding results. HCI remains committed to building
durable businesses of scale through our partnerships with our
managers and entrepreneurs."
Tech24 is a provider of installation, preventative
maintenance and repair services for foodservice facilities across
the US. The company specializes in cooking, refrigeration, beverage
and specialty foodservice equipment; it also performs HVAC,
electrical and plumbing services. Tech24's revenue grew 334% from
2020 to 2023 through a combination of acquisitions and organic
growth initiatives, while their employment increased 187%.
Consolidated Hospitality Supplies (CHS) is a distribution
company that provides operating supplies and equipment to hotel and
motel properties throughout North
America. The company has longstanding industry expertise and
deep relationships with partners such as Wyndham and Choice, among
others. CHS offers its customers a diverse product portfolio with
over 3,600 different SKUs within categories that include bed and
bath linens, guest care amenities, housekeeping supplies, in-room
accessories, electronics and appliances, and foodservice supplies.
CHS goes to market with two leading brands, American Hotel Register
and Amtex. From 2020 to 2023, CHS' revenue grew 190%, while their
employment increased 130%.
Regent Cabinet Solutions is a turnkey, end-to-end custom
cabinetry, countertop and hardware provider for multi-family
developers, contractors, renovators, and property owners. The
company manages the design, manufacturing, installation, and
punch-out for exceptional new multi-family developments and
property upgrades with over 120,000 successful installations
to-date. Regent was founded in 2012 by CEO Reuvan Sternstein and has facilities in
Maryland and Georgia. From 2020 to 2023, Regent's revenue
grew 162%, while their employment increased 181%.
Tri-State Enterprises (TSE) is a distributor of automotive
aftermarket hard parts, accessories, and consumables. Through its
network of over 38 locations in Texas and Arkansas, TSE serves a diverse set of
automotive service centers, dealers, and e-commerce retailers. From
2020 to 2023, TSE's revenue grew 127%, while their employment
increased 130%.
Highland Commercial Roofing is a leading commercial roofing
contractor offering re-roofing and repair services to a diversified
mix of commercial, industrial, office and multi-family properties.
From 2020 to 2023, Highland's revenue grew 80%, while their
employment increased 75%.
Pacific Defense designs, engineers and manufactures defense
electronics products and solutions focused on providing open
architecture systems to a variety of ground, sea and air military
platforms that address constantly evolving warfare threats. From
2020 to 2023, Pacific Defense's revenue grew 82%, while their
employment increased 48%.
To view the full list of winners and database, visit
www.inc.com/inc5000.
About Inc.
Inc. Business Media is the leading multimedia brand for
entrepreneurs. Through its journalism, Inc. aims to inform,
educate, and elevate the profile of our community: the risk-takers,
the innovators, and the ultra-driven go-getters who are creating
our future. Inc.'s award-winning work achieves a monthly
brand footprint of more than 40 million across a variety of
channels, including events, print, digital, video, podcasts,
newsletters, and social media. Its proprietary Inc. 5000 list,
produced every year since its launch as the Inc. 100 in 1982,
analyzes company data to rank the fastest-growing privately held
businesses in the United States.
The recognition that comes with inclusion on this and other
prestigious Inc. lists, such as Female Founders and Power
Partners, gives the founders of top businesses the opportunity to
engage with an exclusive community of their peers, and credibility
that helps them drive sales and recruit talent. For more
information, visit www.inc.com.
Disclaimer:
Inc. Magazine's Inc 5000 List is a published list of U.S. fast
growing companies. HCI has paid a fee for our portfolio companies
to be considered for this recognition. This recognition is based on
the analysis of and information gathered by Inc. Magazine using its
own criteria and methodologies comparing revenue growth from 2020
to 2023. The complete list of companies considered for this award
is not known to HCI. There is no guarantee that similar awards will
be obtained by HCI in the future. Portfolio companies should make
their own determinations about the prospects of partnering with
HCI.
Contact:
Lambert
Joanne Lessner,
jlessner@lambert.com, 212-222-7436
Lisa Baker, lbaker@lambert.com,
603-868-1967
View original
content:https://www.prnewswire.com/news-releases/six-hci-portfolio-companies-named-to-inc-5000s-2024-list-of-fastest-growing-companies-302225325.html
SOURCE HCI Equity Partners