MEI is one of the largest US providers of machinery moving, millwrighting, installation, crating and export packing services. The company is known for both its reputation for excellent customer service and its strong safety culture. Dan Cappello will continue in his role as President and CEO and retain a significant equity stake in the company.
Based in Albany, Oregon, MEI has over 20 years of experience in rigging heavy industrial and manufacturing equipment. Relying on state-of-the-art equipment and decades of expertise, MEI moves all types of heavy and intricate machinery for customers in end markets ranging from semiconductor manufacturing to consumer packaged goods. Customer jobs range from one-off moves to entire plant relocations. The company is strategically positioned across more than 10 locations in Arizona, Nevada, Oregon, Texas and Utah.
“MEI has established an excellent reputation for providing high quality services dealing with complex and expensive equipment,” said Dorilton CEO, Darren Fultz. “We are excited to partner with Dan and the rest of the MEI management team to support the company’s growth strategy of expanding service offerings and reach.”
Dan Cappello has led MEI since 2004 and has achieved significant growth by opening new sites, acquiring smaller competitors, leveraging customer relationships and introducing complementary services.
“We are very enthusiastic about our partnership with Dorilton. We have chosen Dorilton because of their long-term focus on growth, history of adding value to platforms through bolt-on acquisitions and shared vision for MEI. This partnership will benefit our customers and employees and will allow MEI to remain focused on our ‘Built On Commitment’ approach to customer satisfaction and a job well done,” said Mr Cappello.
On working with Acuity, Dan Cappello, President and CEO, commented:
“Our experience with Acuity Advisors, and Andy Lister in particular, has been nothing short of outstanding. Andy and his team are seasoned deal professionals with a great understanding of our sector and the global strategic and financial investor landscape. They quickly grew to be trusted advisors throughout this process. In Dorilton as our new investor, we ended up with the best outcome I could have hoped for, not only for our owners, but also in terms of long term fit for our employees and customers. I am so pleased to have chosen Acuity and so grateful to have had them as our advisor on this deal. Thank you Andy and Acuity!”
Andy Lister, Partner at Acuity Advisors, said:
“It has been a pleasure to work with the owners and employees of MEI and with Dorilton on this transaction. MEI has a huge opportunity to further accelerate its growth and capitalize on its multi-state presence and strong reputation in the fast-growing data center, semiconductor and manufacturing markets. We wish Dan and the team every success for the future.”
Matthew Byatt, Managing Partner said:
“Acuity has delivered an excellent result for MEI. Dorilton’s investment and approach is the perfect complement and this partnership will underpin the next stage of MEI’s success. The MEI transaction is testament to Acuity’s growing success in the Industrials space and the work Andy and his team are doing across the sector”.