HCI Equity Partners, a Washington, D.C.-based lower middle-market private equity firm, has closed an oversubscribed special purpose vehicle to support a consolidation strategy in the residential foundation repair and basement waterproofing industry.
The SPV capital will be used for strategic acquisitions and to invest in operational infrastructure and talent. The move is part of HCI’s broader strategy to scale technician-based service businesses through its operational playbook. The targeted sector includes providers of essential residential services, which HCI views as a fragmented market with substantial growth potential. The firm is actively seeking to acquire companies with strong local reputations and people-first cultures to form a unified platform.