Milestone Capital Enters the Pipe Coating Industry and Expands Its Portfolio with the Acquisition of MCIP Industrial Enterprises Corp.
22 Julio 2024 - 8:00AM
Business Wire
Milestone Capital, Inc., in collaboration with D2 Equity
Capital, LLC, has acquired a majority interest in a newly formed
entity specifically created to acquire the assets of MCIP
Industrial Enterprises Corp. This acquisition includes MCIP’s pipe
coating plants in Pearland, Texas and will help position MCIP to be
one of the fastest growing pipe coating companies in the Gulf
Coast.
“We are excited to expand our portfolio of companies by bringing
MCIP into the fold,” said Kelly Williams, Managing Director of
Milestone Capital. “MCIP has a reputation of quality of work and
exceptional customer service, and we hope to build upon those
foundations to make MCIP the 'go to' pipe coating facility in the
Gulf Coast region.”
Jeff Donaldson, a Managing Director of Milestone Capital, will
serve as President and interim CEO of MCIP during the transition.
“Working with the Mosqueda family to continue to build upon the
legacy that Benjamin Mosqueda created with MCIP is very exciting,”
said Donaldson. “This company is poised to be a leader in the pipe
coating industry, and we believe the coating experience that the
Mosqueda family brings, together with Milestone’s history of
professional management and strategic guidance, will be an
excellent combination.”
Milestone Capital and D2 Equity Capital have teamed up to make
this transaction come together, and D2 founder Dennis Dunn will
bring his operational and financial management experience to the
newly formed team. “This is a unique opportunity to partner with a
growing business to help them build upon their success and take
them to the next level of performance in this industry,” says Dunn.
“This experienced team is poised for great success, and we look
forward to continuing to provide excellent service to our
customers, while we develop new offerings to help both MCIP and our
customers grow together.”
About Milestone
Milestone is a private equity group focusing on the acquisition
of small- to middle-market private companies. We also take on
select “buy-side” and “sell-side” engagements of private companies.
Our staff includes executives with over 50 years of collective
experience in private equity investing, buy/sale transactions and
the fields of finance, accounting, taxation, operations, management
and law. Our team members have a history of success, solid
backgrounds and the knowledge and experience to evaluate all
aspects of companies and assist in developing plans to grow and
prosper.
About D2 Equity Capital
D2 Equity Capital is executing a focused, private equity
investment strategy which leverages significant transactional,
financial and operating experience with a core strategy that
targets investments in lower-middle market businesses. D2
represents a formidable partner for owners and management teams who
are seeking a long-term and mutually beneficial relationship to
grow and improve their businesses.
About MCIP
MCIP is a family-owned and operated business with over 30 years
of experience in commercial and industrial advanced coating and
painting. Quality and customer satisfaction are always our top
priorities. Founded in 2008, MCIP painted everything from heavy
equipment to tanks and trailers. MCIP expanded into the FBE pipe
coating market in 2015. MCIP was formed to provide the best
customer service in the pipe coating industry. MCIP is dedicated to
meeting and exceeding all industrial painting and coating needs
with quality and unrivaled customer service.
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Jeff Donaldson Managing Director Milestone Capital 281-224-3337
jeff@milestonecapital.com