HCI Equity Partners-Backed LawnPRO Partners Acquires Total Lawn Care, Inc.

HCI Equity Partners-Backed LawnPRO Partners Acquires Total Lawn Care, Inc.

 ATLANTA, GA (November 19, 2025) – LawnPRO Partners (“LawnPRO”) acquires Indiana based Total Lawn Care, Inc. (“TLC”). TLC has serviced the Indianapolis and surrounding area for over 35 years. With the addition of Indiana, LawnPRO Partners now serves seven states across the US.

Established in 1989 by Mark Cavin and Terry Jungels, TLC was founded with the vision of putting the agronomics of the lawn and the needs of the customer first. Core to TLC’s service offering is an organic-based lawn care program (fertilization, aeration, and seeding) and pest control (flea and tick, mosquito, and perimeter pest).

“When contemplating our decision to sell the business, we ultimately looked for a partner that would let us continue to operate how TLC has for the past 30 years, while providing opportunities of growth for our team as well as providing much needed support in our back office,” said Terry Jungels, owner of TLC.

“The addition of TLC to the LawnPRO Partners family is exciting, not only because it expands our geographic footprint into the State of Indiana, but it also comes with a devoted group of employees who are passionate about the brand they have built over the years,” said Bill Viveen, CEO of LawnPRO Partners. “We welcome TLC to the LawnPRO Partners family.”

About LawnPRO Partners

LawnPRO Partners, majority-owned by HCI Equity Partners, is more than a collective of lawn care companies; we are a community of growth-minded experts committed to enhancing companies through strategic investments in people, processes, technology, and collaborative planning. Together, we preserve the unique legacy of each brand while preparing them for future success. LawnPRO Partners is dedicated to helping lawn care businesses reach their full potential, fostering growth and excellence in the industry. By leveraging our collective strength and shared mission, we help each business thrive independently with the needed expertise, processes, tools, and resources.  We are stronger together. LawnPro Partners remains actively engaged in the exploration of strategic acquisition opportunities. If you are considering selling your lawn care business, we welcome the opportunity to share why we are quickly becoming the acquirer of choice in the industry.

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

Contact:

Chuck Reimel
Chief Business Development Officer
910.612.6252
ChuckReimel@lawnpropartners.com

HCI Equity Partners Named to Inc.’s Top Founder-Friendly Investor List for Sixth Consecutive Year

 WASHINGTON, DC (October 29, 2025)HCI Equity Partners (“HCI”), a lower middle market private equity firm, today announced that it has been recognized by Inc. for the sixth consecutive year as a 2025 Founder-Friendly Investor. Inc.’s annual list honors the private equity firms, venture capital firms, and lenders with a track record of backing founder-led companies. All companies on the list have successful track records of collaboration and remaining actively involved with the businesses they invest in.

“It is a profound honor to be recognized on Inc.’s Founder-Friendly Investors list for the sixth consecutive year,” said Doug McCormick, Managing Partner at HCI. “This consistent recognition validates our core strategy: forging collaborative, active partnerships with founders. It is our continued commitment to unlock each portfolio company’s full potential and drive transformational growth through both organic initiatives and strategic acquisitions.”

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity and venture capital firms. Founders filled out a questionnaire about their experiences partnering with private equity, venture capital, and debt firms and shared data on how their companies have grown during these partnerships.

“Partnering with HCI has been a transformative experience for ACR as we have grown from regional family businesses into a market leader and trusted partner for our customers,” said Scott Milberg, CEO of ACR.  “HCI’s commitment to a collaborative approach and dedication to growth have enabled us to expand revenue by nearly 30x, scale from a single warehouse to 18 locations across North America and grow our team to nearly 1,000 employees. HCI’s partnership has been foundational to our success and continues to drive our vision forward.”

“What makes this award truly meaningful is that it stems from feedback provided by our portfolio company founders,” said Doug McCormick, Managing Partner & Chief Investment Officer at HCI. “With more than 90% of our current platform investments involving founder and family-owned businesses, we pride ourselves on understanding their unique needs. This recognition validates the trust we’ve earned and our shared commitment to achieving their success and preserving their legacy.”

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

Media contacts:

Lambert by LLYC

Caroline Luz, caroline.luz@llyc.global, 203-570-6462

Emma Buschle, emma.buschle@llyc.global, 616-258-5771

Inc. Magazine’s Founder-Friendly Investors is a published list of U.S. founder-friendly private equity firms. HCI has paid a fee to be considered for this recognition. Private equity firms that have exited U.S.-based, founder-led, public or private, portfolio companies within the past five years were eligible to apply. This recognition is based on the analysis of and information gathered by Inc. Magazine using its own criteria and methodologies. As part of the vetting process, Inc. Magazine interviewed one or more portfolio company representatives about their experience partnering with HCI. For investments to qualify, portfolio company founders must have remained actively involved in their business for at least one year post-investment. The complete list of private equity firms considered for this award is not known to HCI. The award reflects information about a sample of portfolio companies and may not be representative of every portfolio company’s experience with HCI. There is no guarantee that similar awards will be obtained by HCI in the future. Portfolio companies should make their own determinations about the prospects of partnering with HCI.

 

 

HCI Equity Partners Named a Top Quartile Deal Originator by Sutton Place Strategies (SPS) by With Intelligence for Fourth Consecutive Year

WASHINGTON, DC (October 25, 2025) – We are delighted to announce that Sutton Place Strategies (SPS) by With Intelligence has once again recognized HCI as a top quartile deal originator in its peer group of quasi-generalist, lower middle market firms! This peer group includes deals with a $10-249 million enterprise value range.

Released annually, the Deal Origination Benchmark Report is an industry standard for private equity deal sourcing analytics. This report enables objective analysis of each firm’s sourcing performance in granular detail, alongside comparable firms and the industry at large. The LTM (Latest Twelve Months) June 2025 edition includes 176 qualified PE firms, segmented into eight different peer groups. SPS by With Intelligence has published this report for more than a decade, and this marks the fourth year in a row that HCI has been recognized.

At HCI, we are very proud to have sourced over 1,500 deals in the last year alone, and we want to acknowledge the outstanding work by Tim Frend and Michael Allen in leading our business development efforts.

Learn more about HCI’s investment strategy at oridiancapital.com/ or reach out to Tim Frend at tfrend@hciequity.com or Michael Allen at mallen@hciequity.com.

SPS Bain & Company (now called Sutton Place Strategies (SPS) by With Intelligence as of 2025) recognized Oridian as a top quartile deal originator in the lower middle market for deals sourced through LTM June of each year above. The award is typically issued in September of each respective year. Oridian did not pay a fee or apply to be recognized as a top quartile deal originator for the lower middle market. For more detail on this award, contact Tim Frend at tfrend@oridiancapital.com.

HCI Equity Partners-Backed LawnPRO Partners Acquires Sea of Green Lawn Care, LLC

ATLANTA, GA (October 2, 2025) – LawnPRO Partners (“LawnPRO”) acquires Massachusetts based Sea of Green Lawn Care, LLC. (“Sea of Green”). Sea of Green has served the North Shore of Massachusetts and New Hampshire for over 30 years.

Since beginning operations in 1992, Sea of Green has operated as a family business providing quality lawn care services. Sea of Green offers lawn treatments (fertilization, aeration, and seeding) and pest control (tick, mosquito, and perimeter pest). Sea of Green has a lawn care program that is all-encompassing and is designed to provide complete care for things like weed control, turf growth, pH levels and overall health of turf and soil.

“I am proud of the 33 years I have spent growing Sea of Green,” said Chris Mierswa, Owner. “I have dedicated my career to providing homeowners with customized programs tailored to their lawns’ needs. As I contemplated selling my business, it was important that I partner with a company that shares my passion for the industry.”

“Chris is a great ambassador of our industry,” said Bill Viveen, CEO of LawnPRO Partners. “He has held a variety of roles for industry leading organizations aimed at continuously supporting and enhancing the lawn care industry. We share Chris’s passion and are proud of his industry accomplishments and welcome him and his team to the LawnPRO family.”

 About LawnPRO Partners

LawnPRO Partners, majority-owned by HCI Equity Partners, is more than a collective of lawn care companies; we are a community of growth-minded experts committed to enhancing companies through strategic investments in people, processes, technology, and collaborative planning. Together, we preserve the unique legacy of each brand while preparing them for future success. LawnPRO Partners is dedicated to helping lawn care businesses reach their full potential, fostering growth and excellence in the industry. By leveraging our collective strength and shared mission, we help each business thrive independently with the needed expertise, processes, tools, and resources.  We are stronger together. LawnPro Partners remains actively engaged in the exploration of strategic acquisition opportunities. If you are considering selling your lawn care business, we welcome the opportunity to share why we are quickly becoming the acquirer of choice in the industry.

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

Contact:

Chuck Reimel
Chief Business Development Officer
910.612.6252
ChuckReimel@lawnpropartners.com

 

HCI Equity Partners Announces Agreement to Sell SDS Rx to DHL Supply Chain

WASHINGTON, DC (September 10, 2025) — HCI Equity Partners (“HCI”), a lower middle market private equity firm, today announced that its portfolio company Strategic Delivery Solutions, LLC (“SDS Rx”) has entered into a definitive agreement to be acquired by DHL Supply Chain, a business unit of DHL Group. Terms of the transaction were not disclosed. Closing is expected to occur by the end of 2025 and is subject to customary conditions and approvals.

SDS Rx is a leading final-mile logistics and specialty healthcare transportation provider serving long-term care and specialty pharmacies, radiopharmacies, and health system networks across the United States. The company specializes in high-touch, time-critical deliveries that support quality of care for patients and providers.

“We are genuinely excited about the future of SDS under DHL’s ownership. This is a fantastic home for the business, and we’re confident SDS will thrive and accelerate realization of its exciting growth opportunities. HCI would like to thank the SDS leadership team and employees for their outstanding dedication and partnership during our ownership. Their hard work and commitment to excellence have been instrumental in positioning the company for this next chapter,” said Doug McCormick, Managing Partner at HCI Equity Partners.

Why HCI Believes DHL Is the Right Home for SDS Rx:

  • Strategic fit: From HCI’s perspective, SDS Rx’s specialty final-mile expertise complements DHL’s extensive life sciences and healthcare logistics platform, together offering broader solutions across the healthcare value chain.
  • Customer focus: HCI believes DHL’s scale and capabilities provide an excellent foundation to support SDS Rx’s long-standing mission of patient-first service, ensuring customers continue to receive high-quality, reliable deliveries.
  • People and operations: HCI is confident the combination offers continuity for SDS Rx employees and leadership, providing the resources of a global organization while preserving the strengths of the local teams that have driven the SDS’s success.

Stifel served as exclusive financial advisor and K&L Gates LLP served as legal advisor to HCI in its sale of SDS Rx.

About SDS Rx
SDS Rx provides final-mile delivery and specialty healthcare transportation services to long-term care and specialty pharmacies, radiopharmacies, and health system networks, with operations spanning more than 200 locations in the United States and capabilities that include same-day and expedited delivery.

About HCI Equity Partners
HCI Equity Partners is a private equity firm focused on investing in lower middle market companies and building scaled industry leaders in large, stable, fragmented end markets through organic initiatives and strategic M&A. The firm partners with management teams in sectors such as distribution, technician-based services, and basic manufacturing to drive sustainable value creation. For more information, visit oridiancapital.com/.

Forward-Looking Statements
This press release may contain “forward-looking statements,” including statements regarding the expected timing and completion of the transaction, integration plans, and future operations and performance. Forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. HCI undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

Media Contact
Lambert by LLYC

Caroline Luz, caroline.luz@llyc.global, 203-570-6462

HCI Equity Partners Adds Kate Hyde to Investment Team

WASHINGTON, DC (August 27, 2025) — HCI Equity Partners (“HCI”), a lower middle-market private equity firm, today announced that Katherine (Kate) Hyde has joined the firm as an Associate to help evaluate, analyze and monitor investments made by the firm.

“We’re delighted to welcome Kate to the firm where she will support our deal team,” said Doug McCormick, Managing Partner at HCI. “Her experience in M&A across complementary industries will be a valuable asset as we continue to identify new consolidation theses and execute transactions that support our existing portfolio companies.”

Prior to joining HCI, Kate was an Investment Banking Analyst in the Diversified Industries group at J.P. Morgan in New York City. In that role, she focused on providing M&A, capital raising, and strategic advisory services to business owners and executive teams, primarily in the Aerospace & Defense and Capital Goods sectors.

Kate holds a Bachelor of Science in Finance and Risk Management & Insurance, with a minor in Data Analytics, from the University of South Carolina.

HCI Equity Partners-Backed LawnPRO Partners Acquires Concord Custom Lawn Care, LLC

ATLANTA, GA (August 14, 2025) – LawnPRO Partners (“LawnPRO”) acquires New Hampshire based Concord Custom Lawn Care, LLC. (“Concord Custom Lawn Care” or the “Company”). Concord Custom Lawn Care has served the surrounding Concord area and most of southern New Hampshire since 2002.

Since its inception in 2002, Concord Custom Lawn Care has steadily grown over the years by providing excellent customer service and exceptional results. With their dedicated team of lawn care professionals, Concord Custom Lawn Care’s core service offerings include lawn care, grub control, disease control, aeration, seeding, insect and mosquito control.

“Having been in the lawn care industry since 1980, I was ready to retire and move on to the next endeavors of life,” said Tim Doyle, owner of Concord Customer Lawn Care. “The decision to sell my business wasn’t easy because we had a tight-knit team. My focus was finding a partner that would take care of my people and not turn their lives upside down. As a small business owner, I didn’t have the ability to offer the same level of personal growth to my employees that LawnPRO could offer.”

“The excellent reputation that Concord Custom Lawn Care has in its local market made it a natural addition to our existing New Hampshire footprint,” said Bill Viveen, CEO of LawnPRO Partners. “It is with great excitement that we welcome the Concord Custom Lawn Care team to the LawnPRO family of brands.”

Since the closing of the transaction, Tim has retired from the business after 37 years in the industry. All other Concord Lawn Care employees will be retained as part of the transaction.

About LawnPRO Partners

LawnPRO Partners, majority-owned by HCI Equity Partners, is more than a collective of lawn care companies; we are a community of growth-minded experts committed to enhancing companies through strategic investments in people, processes, technology, and collaborative planning. Together, we preserve the unique legacy of each brand while preparing them for future success. LawnPRO Partners is dedicated to helping lawn care businesses reach their full potential, fostering growth and excellence in the industry. By leveraging our collective strength and shared mission, we help each business thrive independently with the needed expertise, processes, tools, and resources.  We are stronger together. LawnPro Partners remains actively engaged in the exploration of strategic acquisition opportunities. If you are considering selling your lawn care business, we welcome the opportunity to share why we are quickly becoming the acquirer of choice in the industry.

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

 

Contact:

Chuck Reimel
Chief Business Development Officer
910.612.6252
ChuckReimel@lawnpropartners.com

 

Three HCI Portfolio Companies Named to Inc. 5000’s 2025 List of Fastest Growing Companies

WASHINGTON, DC (August 13, 2025) HCI Equity Partners, a lower-middle-market private equity firm, today announced that three of its businesses have been featured on Inc. 5000’s 2025 list of the fastest growing private companies in America. The recognized platforms include Driven Distribution Group, Tech24 and Regent Cabinet Solutions. The Inc. 5000 list provides a data-driven look at the most successful companies within the economy’s most dynamic segment—entrepreneurial businesses. Tech24 and Regent Cabinet Solutions were also recognized as Inc. 5000 Fastest Growing Companies in 2024.

“We are proud to see three of our portfolio companies once again earn a place among the fastest-growing businesses in the country,” stated Doug McCormick, Managing Partner and CIO of HCI Equity Partners. “The repeated successes of Driven Distribution, Tech24 and Regent Cabinet Solutions reflect the strength of our partnership model and our ability to grow businesses with a lasting, sustainable impact. Our team commends them for their achievements and remains committed to supporting our portfolio companies as they scale and deliver exceptional results year after year.”

Driven Distribution Group is a warehouse distributor of automotive aftermarket hard parts, consumables, and accessories. The platform focuses on delivering operational excellence, outstanding customer service, and fostering an innovative, growth-oriented environment. By uniting strong brands under one umbrella, Driven Distribution aims to create a leading platform in the automotive aftermarket industry. From 2021-2024, Driven Distribution Group’s grew its revenue 66% and its employment 13%.

Tech24 is a provider of installation, preventative maintenance and repair services for foodservice facilities across the U.S. The company specializes in cooking, refrigeration, beverage and specialty foodservice equipment; it also performs HVAC, electrical and plumbing services. Tech24’s revenue grew 125% from 2021 to 2024 through a combination of acquisitions and organic growth initiatives, while its employment increased 87%.

Regent Cabinet Solutions is a turnkey, end-to-end custom cabinetry, countertop and hardware provider for multi-family developers, contractors, renovators, and property owners. The company manages the design, manufacturing, installation, and punch-out for exceptional new multi-family developments and property upgrades with over 120,000 successful installations to-date. Regent was founded in 2012 by CEO Reuvan Sternstein and has facilities in Maryland and Georgia. From 2021 to 2024, Regent’s revenue grew 165%, while its employment increased 158%.

“Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company’s tenacity and clarity of vision,” says Mike Hofman, editor-in-chief of Inc. “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy.”

To view the full list of winners and database, visit www.inc.com/inc5000.

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

Contact:

Lambert by LLYC

Caroline Luz, caroline.luz@llyc.global, 203-570-6462

Emma Buschle: emma.buschle@llyc.global, 616-258-5771

Disclaimer:

Inc. Magazine’s Inc 5000 List is a published list of U.S. fast growing companies. HCI has paid a fee for our portfolio companies to be considered for this recognition. This recognition is based on the analysis of and information gathered by Inc. Magazine using its own criteria and methodologies comparing revenue growth from 2021 to 2024. The complete list of companies considered for this award is not known to HCI. There is no guarantee that similar awards will be obtained by HCI in the future. Portfolio companies should make their own determinations about the prospects of partnering with HCI.

 

 

 

HCI Equity Partners Welcomes Jeff DeSandre as Executive Partner for Information Technology

Washington, DC (July 29, 2025) – HCI Equity Partners (“HCI”), a lower middle-market private equity firm, announced that Jeff DeSandre has joined as their newest Executive Partner for Information Technology.

Jeff brings over two decades of deep leadership experience in enterprise IT, digital transformation, cybersecurity, and operational excellence. As a former Chief Information Officer of Harrington Process Solutions, AmerCareRoyal (ACR), CSS, and First Quality, Jeff has repeatedly led complex technology initiatives across diverse organizations. His expertise spans ERP modernization, e-commerce integration, supply chain digitization, and global IT strategy.

In his role as Executive Partner, Jeff will work closely with early stage and developing HCI portfolio companies and will assist portfolio leadership teams to:

  • Accelerate development and execution of technology strategies
  • Support digital transformation and operational efficiency initiatives
  • Support HCI’s portfolio company cybersecurity initiatives
  • Assist in diligence and integration for new investment opportunities
  • Be available as an advisor to leadership teams navigating key IT decisions

Jeff will play a key role in enhancing digital maturity and identifying technology opportunities to accelerate value creation of emerging and early-stage portfolio companies. His work will also support sourcing, growth planning and post-acquisition integration as part of our broader HCI Operations Team.

HCI Equity Partners-Backed LawnPRO Partners Acquires Seacoast Tree & Turf

ATLANTA, GA (July 24, 2025) – LawnPRO Partners (“LawnPRO”) acquires New Hampshire based Seacoast Tree Care and Seacoast Turf Care (“Seacoast Tree & Turf” or the “Company”). Seacoast Tree & Turf has served the seacoast region of New Hampshire, Massachusetts and Maine for over 20 years.

Seacoast Tree & Turf began operations in 2003 focusing on tree preservation and plant healthcare. In 2014 lawn care was added to the service offering. With its dedicated staff of arborists and lawn care professionals, Seacoast Tree & Turf provides premier tree and lawn care services including tree pruning, shrub and plant health care, fertilization, aeration, seeding and pest control.

“Ultimately, my decision to sell the business was centered around my retirement goals. Over the last 20 years, I had an unwavering commitment to build a premier brand within my community where my customers knew I was passionate about their tree and lawn care needs,” said Dan Mello, owner of Seacoast Tree & Turf. “In addition to achieving my retirement goals three years early, I felt comfortable that partnering with LawnPRO Partners meant my team of dedicated employees would have an opportunity to further their professional careers well into the future.”

“The addition of Seacoast Tree & Turf marks our third entry into the New Hampshire market, which brings more opportunities for our team members,” said Bill Viveen, CEO of LawnPRO Partners. “We are thrilled to welcome the Seacoast Tree & Turf team to the LawnPRO platform of brands and lend our collective strength to provide additional opportunities for the employees, while expanding the business into the New England region.

Dan continues to support the integration of Sea Coast Tree & Turf and the other brands in the LawnPRO family. All other Seacoast Tree & Turf employees will be retained as part of the transaction.

About LawnPRO Partners

LawnPRO Partners is more than a collective of lawn care companies; we are a community of growth-minded experts committed to enhancing companies through strategic investments in people, processes, technology, and collaborative planning. Together, we preserve the unique legacy of each brand while preparing them for future success. LawnPRO Partners is dedicated to helping lawn care businesses reach their full potential, fostering growth and excellence in the industry. By leveraging our collective strength and shared mission, we help each business thrive independently with the needed expertise, processes, tools, and resources.  We are stronger together. LawnPro Partners remains actively engaged in the exploration of strategic acquisition opportunities. If you are considering selling your lawn care business, we welcome the opportunity to share why we are quickly becoming the acquirer of choice in the industry.

About HCI Equity Partners

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit oridiancapital.com/.

Contact:

Chuck Reimel
Chief Business Development Officer
910.612.6252
ChuckReimel@lawnpropartners.com