Stamford-based private equity firm Olympus Partners has acquired MEI Rigging & Crating, a provider of rigging and machinery moving, millwrighting, industrial storage and equipment crating, from Dorilton Capital for an undisclosed sum.
MEI is headquartered in Houston and operates 12 regional U.S. offices. Its customer base includes the aerospace, automotive, data center, energy, food and beverage, general manufacturing, health care and pharmaceutical, mining and semiconductor industries.
Dan Cappello, CEO of MEI, stated, “I am confident that Olympus is the right financial partner to facilitate MEI’s next phase of growth. Our best-in-class team has made great progress in building a national platform for our services, but we’ve only scratched the surface of the potential growth opportunities that lie ahead for MEI.”
“MEI has built a national platform in a niche industrial services space that has been highly fragmented to date,” said Dave Cardenas, managing partner at Olympus. “This scale uniquely positions MEI to take advantage of several long-term industry tailwinds.”
Photo courtesy MEI Rigging & Crating
