Fort Lauderdale-based MSHS Group is comprised of Motor-Services Hugo Stamp, specialists in reciprocating engine services and repairs; Governor Control Systems, specialists in control systems integration, automation and monitoring solutions; and Advanced Bonded Customs Services.
New locations, market segments, products and services
The Group plans to broaden its reach in the marine and energy industries with new locations, serve new market segments and expand its product and service offerings.
'As the industries we serve evolve with technology and market-driven changes, the time is right for implementing our plan to cultivate new connections, enhance our service offerings and deliver integrated solutions for our customers,' MSHS Group CEO David Santamaria said.
'The strategic partnership with MPE Partners provides resources to accelerate that ambition and preserve our unwavering commitment to our customers and employees. We are confident this step forward will increase the breadth of our technical capabilities and continue our tradition of providing the best services to our customers.'
According to MSHS Group board member Are Friesecke, 'MPE’s history of investing in industrial services businesses and partnering with entrepreneurs made them a natural fit for us. We are excited to begin the next phase of our growth and look forward to collaborating with MPE to pursue these new strategic opportunities.'
MPE partnered in the recapitalization with majority owner Friesecke and several members of the senior management team, led by Santamaria.
'Since its founding over 35 years ago, MSHS Group has developed a reputation for superior quality, technical expertise and unmatched customer service, and has grown into a leading service provider in the industry,' MPE Partner Matt Yohe said.
Added MPE VP Michael Duffy: 'We look forward to partnering with Are, David and the rest of the MSHS Group team to build upon the company’s sterling industry reputation and to accelerate its growth initiatives while maintaining the strong culture and commitment to its customers that has made MSHS Group so successful to date.'
MPE focuses on entrepreneurial and family-owned companies. With locations in Cleveland and Boston, the firm invests in profitable, lower-middle market companies with transaction values up to $250m. It primarily targets high-value manufacturing and commercial and industrial services.