The MSHS Group combines efforts with MPE Partners to fuel market expansion
Positioned to expand both its geographic reach and service capacity, the MSHS Group announced a partnership with MPE to accelerate a strategic long-range expansion plan. MSHS Group’s growth plans include broadening its reach in the marine and energy industries with new locations, serving new market segments, and expanding its product and service offerings. The companies specialize in the integration of equipment, services, and control systems for customers in the marine, industrial, government, and commercial segments throughout the world.
In response to the partnership, MSHS Group CEO, David A. Santamaria stated, “As the industries we serve evolve with technology and market-driven changes, the time is right for implementing our plan to cultivate new connections, enhance our service offerings and deliver integrated solutions for our customers. The strategic partnership with MPE Partners provides resources to accelerate that ambition and preserve our unwavering commitment to our customers and employees. We are confident this step forward will increase the breadth of our technical capabilities and continue our tradition of providing the best services to our customers.”
MSHS Group Board Member, Are Friesecke added, “MPE’s history of investing in industrial services businesses and partnering with entrepreneurs made them a natural fit for us. We are excited to begin the next phase of our growth and look forward to collaborating with MPE to pursue these new strategic opportunities.”
In regard to the new relationship, Michael Duffy, MPE Vice President said, “We look forward to partnering with Are, David, and the rest of the MSHS Group team to build upon their sterling industry reputation and accelerate their growth initiatives, while maintaining the strong culture and commitment to its customers that has made MSHS Group so successful to date.”
About MSHS Group
Founded in 1983 and headquartered in Ft. Lauderdale, Florida, the MSHS Group goes to market through three business units, Motor-Services Hugo Stamp, Governor Control Systems and Advanced Bonded Customs Services (MSHS Group). It has grown into a leading independent solutions and services provider of reputable OEM brands in marine and power generation applications. MSHS Group specializes in the integration of equipment, services, and control systems for customers in the marine, industrial, government, and commercial segments globally.
About MPE Partners
MPE Partners seeks to be the preferred private equity partner for entrepreneur and family-owned companies. With locations in Cleveland, Ohio and Boston, Massachusetts, MPE invests in profitable, lower-middle market companies with transaction values up to $250 million. The company primarily targets high-value manufacturing, and commercial and industrial services as investment areas.