HCI Equity Partners, a lower middle-market private equity firm that partners with founder-owned distribution, manufacturing and business-to-business companies, has announced six promotions including Nate Novak to principal and Ben Choi, Josh DiBiasi and Sam Hoehn to vice president.
Novak joined HCI in 2014 and has played a role in evaluating and executing HCI’s investment mandate. He has experience in the building products and technical services markets, and currently provides deal leadership for HCI’s Tech24 platform.
Choi joined the firm in 2022 and brings experience from Sentinel Capital Partners, Houlihan Lokey and BB&T Capital Markets, as well as HCI portfolio company MSI Express. Choi is responsible for evaluating, executing and monitoring investments made by the firm.
DiBiasi joined HCI in 2020 from Gladstone Capital Corp. where he was involved in underwriting and managing investments in a variety of industries. He is responsible for evaluating, executing and monitoring current and prospective investments is an active deal team member for WF Cabinetry and Regent Cabinetry.
Hoehn joined HCI in 2018 with prior experience at Northlane Capital Partners, Houlihan Lokey and BB&T Capital Markets. He has experience in executing transactions in the aerospace and defense markets, helps lead HCI portfolio company Pacific Defense and is an active deal team member for MSI Express and TSM Corp.
Michael Allen was also promoted to senior associate and Emma Pollock to senior portfolio operations analyst.