MSI Capital Partners and Aavin Equity Partners Recapitalize Green Diamond Sand Products

Calvert Street Recapitalizes Machine Specialties, Inc.

September 17, 2021

Manufacturing

Calvert Street Capital Partners recapitalized Machine Specialties, Inc. (MSI) in partnership with the company's management team to support MSI's next phase of organic and acquisitive growth. The transaction closed on September 20, 2021 and positions MSI to expand capabilities serving aerospace & defense, medical, industrial and other end markets.

Luminate Capital Partners Invests in MSI Data

September 11, 2019

Cloud & SaaS

Luminate Capital Partners made a strategic growth investment in MSI Data to support product development, scale the team, and accelerate go-to-market efforts for MSI’s field service management SaaS platform. Financial terms were not disclosed; Luminate partners joined MSI’s board and advisors to the transaction included GrowthPoint Technology Partners (financial advisor to MSI) and Kirkland & Ellis (legal advisor to Luminate).

Golden Gate Capital Recapitalizes Virginia Green

January 3, 2024

Environmental Services

Golden Gate Capital has completed a recapitalization of Virginia Green, a Richmond-based provider of residential and commercial lawn treatment services, in partnership with founder and CEO Gil Grattan who remains a significant shareholder and will continue as CEO. The investment will support Virginia Green’s expansion into existing and adjacent geographies and help scale its subscription-based lawn care platform.

DL Capital Partners and Center Element Capital Acquire Management Science & Innovation (MSI)

January 18, 2022

IT Services

DL Capital Partners partnered with Center Element Capital (led by Daniel Heckman) and other U.S. investors to acquire Management Science & Innovation (MSI), a Washington, D.C.‑area provider of strategy, technology and intelligent automation services to federal and commercial clients. Daniel Heckman was named MSI's CEO as the investors pursue growth in the rapidly expanding RPA and intelligent automation market.

Nonantum Capital Partners Acquires MSI Express from HCI Equity Partners

March 24, 2025

Food & Beverage

Nonantum Capital Partners, a Boston-based middle-market private equity firm, has acquired MSI Express, a Portage, Indiana–headquartered co-manufacturer and co-packer for food and beverage brands, from HCI Equity Partners. The deal closed March 24, 2025; financial terms were not disclosed. Nonantum said it will support continued growth and scaling of MSI's multi-facility operations.

Gallant Capital Partners Recapitalizes Cassavant Machining

February 20, 2020

Aerospace & Defense

Gallant Capital Partners completed a recapitalization and growth investment in Cassavant Machining, partnering with founders Joe Cassavant Jr. and Ed Cassavant, who remain significant shareholders. Comvest Credit Partners (with TCW Group) provided a $92.2 million senior secured credit facility to support the transaction and refinance existing debt; Gallant plans to expand Cassavant's manufacturing capabilities and pursue organic growth and strategic acquisitions.