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

Cherokee Nation Businesses (Cherokee Federal / Sovereign Capital) Acquires Majority Stake in Management Science & Innovation (MSI)

September 2, 2025

Government & Public Sector

Cherokee Nation Businesses, through its federal contracting division Cherokee Federal and growth vehicle Sovereign Capital, has acquired a majority stake in Management Science and Innovation, LLC (MSI), a Washington, D.C.-area consulting firm focused on federal agency transformation and digital modernization. The investment is part of Sovereign Capital’s strategy to provide growth capital and strategic support to founder-led companies serving the federal government and will help MSI scale its capabilities and reach.

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.

Management Science & Innovation Acquires Ascolta

January 3, 2024

IT Services

Management Science & Innovation (MSI) has acquired Ascolta, a veteran‑owned provider of software development, DevOps, cloud migration and information security services. The acquisition strengthens MSI's AI, DevOps and secure software development capabilities for federal and defense clients and expands its technical services offering to government and commercial customers.

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).

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

September 25, 2017

Manufacturing

MSI Capital Partners partnered with Aavin Equity Partners and Green Diamond management to recapitalize Green Diamond Sand Products and form Green Diamond Performance Materials Inc. as a platform to fund continued growth and potential add-on investments in the industrial minerals sector. The transaction closed on September 8, 2017, with Orca Capital Securities advising the company.