Atlanta, GA (September 1, 2023) – MSouth Equity Partners, an Atlanta-based private equity firm with an office in Nashville, announced the closing of its newest investment. In partnership with the company’s management team, MSouth completed the acquisition of Engineered Products (“EP” or the “Company”).

Engineered Products, based in Greenville, SC, designs, manufactures and installs structural storage solutions for warehouses and distribution centers. EP focuses on highly engineered racking structures to support Automated Storage and Retrieval Systems (“ASRS”) for a broad range of end-markets. The Company also manufactures conventional racking systems and flow system components. The Company was founded in 1955 and has been a closely held family business since that time. Beginning in 2008, the Company shifted its focus to the ASRS market. EP will continue to be led by CEO Tommy Sinclair, an executive with over 15 years of experience in the rack manufacturing industry.

“We are very pleased to have the opportunity to partner with Tommy and the entire Engineered Products management team,” said Mike Long, an MSouth Partner. “Engineered Products has a strong track record of growth within the ASRS market and we look forward to supporting Tommy and the team as they continue to execute against key strategic growth initiatives. There are strong automation trends in domestic warehouses and distribution centers, which EP is well positioned to capitalize on. We look forward to continuing the Company’s history of success and growth.”

CEO Tommy Sinclair commented, “We are excited about the next chapter of growth at EP and our partnership with MSouth is a significant step for us as we position ourselves for continued acceleration. We have a talented team and great customers and putting ourselves in position to continue to support their needs is our top priority.”

“The acquisition of Engineered Products fits well within the key criteria we look for in a partnership,” said Wilkes Murray, Vice President at MSouth. “We look forward to supporting the continued growth and investing in the Company’s infrastructure to best position it for long-term success.”

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 $250 million. Based in Atlanta and Nashville, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, and healthcare services companies. With more than $2.2 billion of capital raised across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.