Olympus Partners to Sell Industrial Services Firm MEI to 26North Partners
Olympus Partners has entered into an agreement to sell MEI Industrial Solutions, a provider of equipment execution services, to 26North Partners LP. The sale concludes an ownership period for Olympus during which MEI experienced significant expansion and growth.
Olympus Partners announced an agreement to sell MEI Industrial Solutions (MEI) to 26North Partners LP. MEI provides equipment execution services, including rigging, machinery moving, industrial storage, and logistics, serving sectors such as data centers and semiconductors.
During Olympus' ownership, MEI underwent substantial expansion, growing its operational footprint from 16 to 30 locations across the U.S. The company also quadrupled its indoor storage capacity to over 10 million square feet and completed seven strategic acquisitions.
Olympus stated that its growth strategy for MEI included targeted investments in leadership and technology. The private equity firm highlighted the company's focus on safety programs and its ability to expand while serving blue-chip customers.
Olympus Partners is a private equity firm focused on middle-market management buyouts and growing companies, managing over $12 billion in assets. MEI Industrial Solutions, founded in 1990, is headquartered in Dallas, Texas.