February 01, 2019

MSouth Announces Successful Exit of EQI

Atlanta, GA (February 1, 2019) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the sale of Eagle Quest International, Ltd. (“EQI”).  EQI is a leading global provider of value-added, critical supply chain management services that minimize risk and maximize performance for top OEMs across diverse industrial end markets. Based in Norton Shores, Michigan, EQI combines a unique blend of outsourced procurement services, distribution and inventory management, tailored design and engineering, and procurement and global logistics services.

"We are very pleased with the result of our investment in EQI and the return it generated for our investors," said Bart McLean, an MSouth Partner. "Backing a strong management team, led by EQI’s CEO, Blake Phillips, was critical to the company's strong financial performance and significant value creation that we experienced during our ownership."

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $200 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services and telecommunications/media companies. With over $2.2 billion under management across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984