MEI Rigging and Crating, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

MEI Rigging and Crating, LLC - overview

Established

1990

Location

-, OR-Oregon, US

Primary Industry

Logistics & Distribution

About

MEI Rigging and Crating, LLC is a US-based company specializing in industrial solutions such as heavy rigging, machinery moving, and specialized transportation services for various sectors. Founded in 1990 and headquartered in Albany, US, MEI Rigging and Crating, LLC focuses on providing essential industrial services. The company has been involved in two significant deals, with the most recent one occurring on June 30, 2023, when Olympus Partners acquired the company from Dorilton Capital. The CEO is Dillon Watson, and Douglas Dayton also plays a key role in leadership.


MEI Industrial Solutions specializes in providing comprehensive industrial solutions that encompass heavy rigging, machinery moving, and specialized transportation services. The company’s core offerings address critical needs in diverse sectors such as data centers, life sciences, pharmaceuticals, and automotive industries, with a strong emphasis on safety and reliability. MEI’s clean room experts are adept at handling sensitive chip manufacturing equipment, ensuring precision during transport. In addition, they manage nationwide rigging and installation services for battery, electric vehicle (EV), and automotive manufacturers, including the setup of Gigafactories and full-line equipment installations.


The geographical markets served by MEI span across North America, catering to clients involved in mission-critical projects that require meticulous compliance and operational excellence. MEI Industrial Solutions generates revenue through a variety of contract-based projects primarily structured around B2B transactions. The company engages with clients through direct partnerships, providing tailored solutions for their industrial needs. Revenue streams are derived from large-scale projects, where clients contract MEI for specific services such as rigging, machinery moving, and installation.


These contracts are often structured to include milestones tied to project progress and completion, ensuring that payments are aligned with deliverables. MEI’s clients, including those in the semiconductor and life sciences sectors, rely on the company’s expertise for crucial operations, positioning MEI as a key player in the industrial solutions market. In June 2023, MEI Rigging and Crating, LLC was acquired by Olympus Partners to support its next phase of growth. The company plans to expand its service offerings and enter new geographic markets, focusing on enhancing its presence in North America.


The rationale behind the acquisition will enable MEI to invest in new product development and expand into sectors that require advanced rigging and installation services.


Current Investors

Dorilton Capital

Primary Industry

Logistics & Distribution

Sub Industries

Facilities & Maintenance Services, Industrial Wholesalers, Warehouses, Packaging

Website

http://www.meiriggingcrating.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

MEI Rigging and Crating, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedNortheast Riggers Inc.-
Add-onCompletedDalrymple Rigging & Transport-
Add-onCompletedCoast Rigging & Machinery Moving-
Add-on, Trade SaleCompletedAble Machinery Movers, Inc.-
Add-onCompletedProPack International, Inc.-

Displaying 1 - 5 of 17

MEI Rigging and Crating, LLC - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.