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Summit Interconnect Among HCI Equity Partners’ Portfolio Companies Named to 2021 Inc. 5000 List
August 20, 2021 | PRNewswireEstimated reading time: 1 minute
HCI Equity Partners, a leading lower-middle-market private equity firm, announced that four of their portfolio companies have been featured on Inc. 5000's 2021 list of fastest-growing companies. The recognized platforms include MSI Express. Inc, Summit Interconnect, AmerCareRoyal, LLC, and WF Cabinetry. Inc. 5000 is the most prestigious ranking of the fastest-growing private companies in North America posting average median growth for the three years ending 2020 of 543%. Together, those companies also added more than 610,000 jobs over the past three years.
Summit Interconnect is a leading manufacturer of high technology printed circuit boards predominantly serving the defense, high reliability, and prototyping markets. Summit's revenue and employment grew 229% and 173% respectively from 2017 to 2020 through a combination of acquisitions and organic growth.
"We are thrilled that 25% of HCI's platforms have been recognized by Inc. for achieving these spectacular growth metrics," stated Doug McCormick, Managing Partner of HCI Equity Partners. "These results validate not only the hard work and dedication of the leaders and employees of these companies, but also the effectiveness and consistency of HCI's partnership model, deep engagement and proven approach to effectively employing M&A as an attractive growth strategy."
Dan Dickinson, Managing Partner, commented, "HCI is honored to partner with the founders of these four companies and the rest of our portfolio to support them in their rapid growth through both acquisitions and organic investments. HCI is committed to adding value not only by building bigger businesses, but also better, more capable organizations."
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