Olympus Partners (“Olympus”) is pleased to announce that it has entered into an agreement to sell MEI Industrial Solutions (“MEI”) to 26North Partners LP. MEI is a scaled national provider of equipment execution services including rigging, machinery moving, industrial storage, millwrighting, custom crating and integrated logistics. The company serves blue-chip customers across data centers, semiconductors and other industrial end markets, with nearly 2,500 employees across the U.S.
Under Olympus’ ownership, MEI underwent a transformative expansion, growing its footprint from 16 to 30 operating locations and entering key new markets including Chicago, Miami, Providence and Richmond, while quadrupling its indoor storage capacity to over 10 million square feet and executing seven strategic acquisitions. To drive this growth, Olympus partnered with CEO Doug Dayton, who was hired during Olympus’ ownership period, to strengthen the commercial organization, establish a regional leadership structure backed by robust corporate infrastructure and maintain a rigorous commitment to an industry-leading safety program.
“Our investment in MEI was anchored in a strong business model and an exceptionally talented team,” said Sam Greenberg, Partner at Olympus. “By making targeted investments in both leadership and technology, the Company has integrated its geographic footprint into a unified national platform, delivering a level of service quality and consistency unprecedented in the industry. We are incredibly proud of what Doug and the team have built and look forward to following MEI’s next chapter of growth.”
“The MEI team executed exceptionally well, capturing substantial market share in high-growth end markets while rapidly launching new services to meet evolving customer needs,” added Dave Cardenas, Managing Partner at Olympus. “Crucially, they achieved this expansion while maintaining an industry-leading safety record. We couldn’t be prouder of our partnership with Doug and the entire company.”
“The growth MEI has experienced over the past three years is a testament to the extraordinary people across our organization and our strong partnership with Olympus,” said Doug Dayton, CEO of MEI. “They’ve supported us in making the investments necessary to become a true industry leader while staying grounded in the values that have always made MEI successful: safety, accountability, and delivering for our customers. I’m grateful for their confidence in our team and excited to build on this momentum with 26North as we enter our next chapter of growth.” The Olympus team included Dave Cardenas, Sam Greenberg, George Swenson, Marty Durkin, and Tanaya Bhakat. Lazard served as financial advisor to MEI and Olympus, led by George Fisher and Bob Frost. Baird also served as a financial advisor.