HCI Equity Partners' Driven Distribution Group Acquires Chicago Parts & Sound; HCI Recapitalizes Tri-State

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

HCI Equity Partners Sells SouthernAg Carriers

July 19, 2022

Transportation

HCI Equity Partners announced the sale of SouthernAg Carriers, a Georgia-headquartered transportation and logistics provider focused on agricultural and food-product hauling, on July 8, 2022. The buyer was not disclosed in the announcement; HCI served as the selling party and Republic Partners and Vedder Price advised SouthernAg on the transaction.

HC Private Investments Makes Growth Investment in Customized Distribution (CDI)

November 10, 2021

Logistics & Distribution

HC Private Investments (HCPI) announced a strategic growth investment in Customized Distribution LLC (CDI), a Norcross, Georgia-based dedicated logistics and distribution provider serving the quick service restaurant (QSR) industry. Proceeds will fund geographic expansion and a digital transformation into a technology-led logistics, with industry veteran Dick DiStasio joining CDI as Chairman and CEO; founder Marc Gruber transitions to an advisory role.

HCI-Backed SDS Rx Acquires Mission Critical Delivery Solutions

December 1, 2021

Transportation

SDS Rx, a last-mile healthcare logistics platform backed by HCI Equity Partners, acquired Mission Critical Delivery Solutions, a non-asset-based logistics management company based in Bangor, Maine. Patriot Capital provided subordinated debt and an equity co-investment to support the add-on acquisition, which expands SDS Rx’s geographic coverage and route density in the long-term care pharmacy market.

DHL Supply Chain to Acquire Strategic Delivery Solutions (SDS Rx) from HCI Equity Partners

September 14, 2025

Healthcare Services

HCI Equity Partners’ portfolio company Strategic Delivery Solutions (SDS Rx) has entered into a definitive agreement to be acquired by DHL Supply Chain, a division of DHL Group. The deal is expected to close by the end of 2025, pending customary approvals, and will integrate SDS Rx’s time-critical final-mile healthcare delivery services into DHL’s life sciences and healthcare logistics network.

Trinity Hunt Partners Acquires Blackhawk Supply to Launch HVAC Distribution Platform

July 1, 2025

HVAC & Mechanical

Trinity Hunt Partners has made a majority investment in Blackhawk Supply, a Hoffman Estates, Illinois-based specialty distributor of HVAC parts, to establish a national HVAC distribution platform. Trinity Hunt appointed Troy Vellinga as CEO and Jason Lewis as Chief Development Officer and intends to scale the business through organic initiatives and buy-and-build add-on acquisitions.