MidCap Equity Teams with Management and Industry Leaders to Acquire MSA Systems
MSA Systems Integration, Inc., one of the top systems integrators in North America, has been acquired by MidCap Equity Partners in conjunction with management and industry leaders.
“We are very excited about the future of our company. Being part of MSA Security provided us an incredible opportunity to expand our geographic footprint,” said James Hennessey, MSA Systems Integration’s president. “Now as an independent company, we will be able to directly reward our team members in continuing our growth and providing our customers with superior service and solutions.”
The deal is not an insignificant one for MidCap, which saw value in MSA’s revenues as well as the individuals involved in the transaction.
“We are highly selective in the transactions we pursue,” said John Poppe Jr., MidCap co-founder. “This is an excellent opportunity for us to partner with a very strong team and co-invest with an impressive group of industry leaders, including Kevin Mulligan, co-founder of Mulligan Security, Raymond Dean, former president of PEI Security, and David Hickson, owner of Access Commercial Door.
“We are very impressed with the company’s annual revenue growth rate of over 30 percent since 2009 and future opportunities the company has identified for continued growth,” Poppe added.