MPE Partners Recapitalizes MSHS Group

MPE Partners / MSHS Acquire Pacific Power Group

August 9, 2022

Industrial Services

MPE Partners, together with its portfolio company Motor-Services Hugo Stamp, Inc. (MSHS), has acquired Pacific Power Group (PPG), a Vancouver, Washington–headquartered provider of products, parts, and maintenance, repair and overhaul (MRO) services for marine, energy, commercial and industrial equipment. The deal creates a nationwide MRO, engine and controls service network by combining PPG's Western U.S., Alaska, Hawaii and Gulf locations with MSHS's Eastern U.S., Gulf and Pacific Northwest footprint to expand geographic coverage, technical capabilities and OEM access. Terms were not disclosed.

MPE Partners Recapitalizes Precision Pipeline

August 17, 2023

Industrial Services

MPE Partners completed a recapitalization of Precision Pipeline, LLC, a Lancaster, Ohio-based provider of repair, replacement and maintenance services for gas, electrical, telecommunications and water utilities. The deal brings in MPE as the financial partner to support growth initiatives, including targeted M&A, with founder Matt Upp remaining as President and industry veteran Mark Crowson joining as CEO.

Industrial Service Solutions Acquires MSHS Pacific Power Group

February 14, 2026

Industrial Services

Industrial Service Solutions (ISS), a portfolio company of Wynnchurch Capital, has acquired MSHS Pacific Power Group (MSHS & PPG) from MPE Partners. The add-on expands ISS's nationwide footprint with 10+ locations, adds more than 450 technical and support staff and 150+ OEM relationships, broadening ISS's combustion engine, marine and power generation MRO capabilities; terms were not disclosed.

MPE Partners Recapitalizes Waterfront Brands

July 27, 2021

Manufacturing

MPE Partners (Morgenthaler Private Equity) announced the recapitalization of Waterfront Brands, the designer and manufacturer of premium watercraft lifts, docks, and related accessories, partnering with management led by CEO Don Hurley. Financing for the transaction was provided by Tree Line Capital Partners, Manulife Investment Management, Northwestern Mutual Capital, and LBC Credit Partners; Livingstone served as Waterfront's exclusive financial advisor. The recapitalization is intended to support accelerated organic growth and execution of complementary add-on acquisitions.

MPE Partners Invests in Mid-States Bolt & Screw Co.

October 19, 2023

Industrial Services

MPE Partners (Morgenthaler Private Equity) announced an investment in Mid-States Bolt & Screw Co., a value-added distributor of fasteners and MRO products. The transaction partners MPE with the Somers family to support Mid-States' next phase of growth, including improved product availability and organic and inorganic geographic expansion.

MPE Partners Recapitalizes DecoArt

October 15, 2021

Manufacturing

MPE Partners (Morgenthaler Private Equity) completed a recapitalization of DecoArt, a manufacturer of paints and finishes for arts, crafts and home decorating. The transaction brings in incoming CEO Jonathan Kane, keeps founder Stan Clifford involved as a board member, and positions DecoArt for accelerated organic and inorganic growth including potential add-on acquisitions.