MPE Begins Power Repair Platform

MPE Partners has acquired MSHS Group, a provider of MRO services to the marine and power generation sectors.

MSHS Group operates through two business units; MSHS(Motor-Services Hugo Stamp), which specializes in reciprocating engine services and repairs for the maritime and stationary power industries. MSHS has offices in Florida, Louisiana, Maine, Virginia, and the Bahamas; and GCS (Governor Control Systems), which specializes in control systems integration, automation, monitoring and repairs across a range of industries. GCS has offices in Florida, Louisiana, Virginia, and Washington.

MSHS Group was founded in 1983 and is headquartered in Fort Lauderdale.

“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,” said Matt Yohe, a partner at MPE.

MPE partnered on this transaction with MSHS majority owner Are Friesecke and its CEO David Santamaria.

“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,” said Michael Duffy, a vice president at MPE.

MPE invests in lower middle-market companies that are valued from $25 million to $150 million and have EBITDAs between $5 million and $20 million. Sectors of interest include high-value manufacturing, and commercial and industrial services. The firm has offices in Cleveland and Boston.

Cross Keys Capital was the financial advisor to MSHS Group on this transaction.

© 2021 Private Equity Professional | February 23, 2021

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