PE  HCI Equity Partners

     Office Locations:

IDS Center
80 South 8th Street, Suite 4508
Minneapolis, MN 55402
Phone: 612-332-2335
Fax: 612-332-2012

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  • Middle Market



  • Business Services
  • Defense & Homeland Security
  • Energy & Clean Tech
  • Financial Services
  • Information Technology
  • Manufacturing & Industrial
  • Transportation & Distribution



    Formerly known as Thayer | Hidden Creek, HCI Equity Partners is a strategically focused private equity firm that targets growth oriented industrial product and service companies. The Firm has offices in Washington, DC and Minneapolis, MN. HCI Equity Partners focuses in the lower middle market which includes companies with approximately $20 to $200 million in annual revenue (and $5 million to $20 million in EBITDA). HCI targets companies that manufacture components or provide services in markets such as: Aerospace/Defense and Federal Services; Automotive and Commercial Vehicle Suppliers; Distribution; Industrial Distribution; Infrastructure; Power Generation; Test & Measurement; and Transportation and Logistics.



      Fund Name



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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Carl Nelson Managing Director
    Dan Dickinson Co-Founder and Managing Partner
    Dan Moorse Managing Director
    Doug McCormick Co-Founder and Managing Partner
    Lisa Costello


    Portfolio companies include:

      Dynamic Systems
        web link

      Herndon Products
        web link

      Mistras Group
        web link

      Naumann/Hobbs Material Handling
        web link

      Power & Composite Technologies
        web link

      Quadel Consulting
        web link

        web link

        web link

        web link

      Total Quality
        web link


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