News

February 29, 2012

MSouth Closes the Acquisition of Eagle Quest International

Atlanta, GA (February 29, 2012) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management, MSouth completed the acquisition of Eagle Quest International.

Eagle Quest International is based in Spring Lake, MI and is a global supply-chain management company specializing in the procurement and distribution of metal components and sub-assemblies. The Company's business model combines a unique blend of outsourced procurement services and distribution / inventory management. EQI sources products from an extensive series of manufacturers located in China and provides a variety of services including engineering support, quality control and logistics management among others.

Bart McLean, an MSouth Partner, said, "We are very excited to acquire Eagle Quest International, in conjunction with management. The Company's business model combines an impressive outsourced-service with a heavy distribution function. As such, we consider it a great fit with MSouth. We look forward to partnering with this outstanding management team."

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 $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. With more than $700 million under management in two active funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.