McCarthy Capital Fund V Invests in The Remi Group
Boston, MA. – December 31, 2012 – McCarthy Capital Fund V led a growth equity investment in the privately-held company The Remi Group, LLC (“Remi” or the “Company”). Headquartered in Charlotte, North Carolina, Remi is the leading provider of equipment maintenance management programs for the healthcare, higher education, government, and commercial market segments nationwide and has extensive experience securing high-profile public entity clients (www.theremigroup.com).
The Company’s primary business is providing integrated maintenance management solutions for the technology utilized by small organizations and large institutional clients alike. Remi programs reduce the cost of maintaining their client’s portfolio of equipment while delivering the services and systems necessary to ensure improved equipment performance, reduced equipment downtime, and enhanced customer satisfaction.
Remi has experienced three years of significant growth and is well positioned to achieve even higher growth rates over the next five years. “We selected McCarthy Capital as our partner to execute this business plan because we believe they share our vision for the future of this industry. We also were impressed by their experience, cultural compatibility, and partnership approach with their investments,” said Dan Schuster, CEO of Remi. “It was very important to us that we found a partner that wanted to build a great company together that could achieve performance and results never achieved before by any company in the space,” said Brent Howison, President of Remi. “This investment will support Remi’s plan to increase overall staffing by 25% in 2013 as well as fund significant new marketing and sales initiatives nationwide.”
The investment in Remi is consistent with McCarthy’s investment strategy – partnering with proven management teams at market leading companies in growth industries. “We are excited to partner with the exceptional management team at Remi in this growing, well-positioned business,” said Bob Emmert, a partner at McCarthy. “We believe Remi’s people, technology, and proprietary expertise provide a unique platform for growth in the healthcare, higher education, government, and commercial market segments for years to come.” “This investment is being made to fuel continued growth and will not change management, staffing, or ownership control of The Remi Group.”
About McCarthy Capital Fund V
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private equity firm, with offices in Boston, focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. For more information about McCarthy, please visitwww.mccarthycapital.com.