Summit Park Leads Majority Recapitalization of Michelli importing & dimension
Summit Park is pleased to advertise it has led a maturity recapitalization of Michelli importing & dimension( “ Michelli ” or the “ Company ”). Michelli is a commanding test and dimension business furnishing estimation, conservation, examination, and installation services and products for artificial importing outfit, perfection dimension bias, and estimation outfit. The Company provides 24- hour charge-critical services and products to its largely different client base. Michelli’s professed field- technicians and lab- grounded metrologists give reenacting service to its guests enabling them to meet their pretensions of delicacy, quality and safety while complying with an ever- changing nonsupervisory terrain.
Headquartered in New Orleans, LA, Michelli was innovated in 1947 and has grown to include operations in over 30 locales across 11 countries throughout the Southeast, Texas, and the West Coast. Michelli services over 6,000 guests across colorful end- requests including transportation, recovering & waste, food & libation, energy, summations, husbandry, and manufacturing. The Company is an ISO 9001 registered business, and it operates six ISO 17025 accredited laboratories.
Andrew Gilbert, Partner at Summit Park, said, “ Our platoon has been concentrated on investing in the test and dimension sector for further than a decade, including our former investment in laboratory products and services business, Control Company. We’re thrilled to be partnering with Bobby, Joel and the entire Michelli platoon who have erected one of the leading brands in the estimation services request. Michelli has had grim focus on furnishing best- in- class essential services to their fleetly growing client base and we believe there’s a significant occasion to expand the Company’s footmark in both the artificial importing and perfection dimension requests. ”
Bobby Feigler, CEO of Michelli, added, “ We decided as a platoon, that to achieve our strategic pretensions, we demanded to bring in an operationally- concentrated and endured mate. Summit Park distinguished themselves as a establishment that would bring significant coffers to the Company through their value creation and business development brigades and grounded on their long- term focus on partnering with authors and operation brigades. Our leadership platoon views the relationship with Summit Park as an accelerant for our growth objects. We look forward to working alongside their platoon to pursue the openings this cooperation will make possible through improvement of internal operations, expansion into reciprocal service immolations, and growth through greenfield and accession. We believe that all of our platoon members will profit from this relationship. ”
Joel McMullen, COO of Michelli, added, “ Michelli has been in business for over 75 times, and we were veritably focused on chancing the right mate for our coming phase of growth. The Summit Park platoon has applicable experience in the test and dimension assiduity and with our size business, which were both crucial factors for us. We shall remain largely married to our guests, and the assiduity- leading manufacturers we represent. Our charge is to show the world the significance of test and dimension and we believe that we’re on the way to achieving that thing. ”
Stellus Capital Management, LLC and its cells handed the debt backing for the sale. McGuireWoods acted as legal counsel to Summit Park and Jones Walker LLP acted as legal counsel to Michelli.
About Michelli
Michelli importing & dimension is a estimation services business grounded in New Orleans, LA. Michelli is a provider of estimation, conservation & form, examination & form, and installation services and product deals & settlements for heavy and medium- capacity scales, perfection dimension bias, and estimation outfit. The Company has locales in 11 countries throughout the country and services guests in a variety of end requests including transportation, recovering & waste, food & libation, husbandry, and manufacturing. Michelli is an sanctioned distributor for the assiduity’s leading OEMs and is an ISO 9001 registered company, its laboratories are ISO 17025 accredited.
About Summit Park
Summit Park is a Charlotte, North Carolina- grounded private investment establishment concentrated simply on the lower middle request. The establishment invests across a range of diligence, including services, consumer, and artificial growth. The establishment has made over 40 investments in the lower middle request totaling further than$ 2 billion in total enterprise value. The establishment’s capital can be used to grease a change in power, to support expansion and growth, to give partial liquidity to being possessors, or to support an assiduity connection plan.
