A regional industrial moving and storage firm based in Farmington has been acquired by a national operator with private equity backing.
Northeast Riggers provides machinery moving, specialized crating and managed storage services from its headquarters in Connecticut in addition to operations in Florida and Georgia. It has been in business since 1975.
It’s been bought by MEI Rigging & Crating LLC, a portfolio company of Stamford-based private equity firm Olympus Partners. The value of the deal was not disclosed.
MEI has operations in 17 states including Massachusetts, and says the addition of Northeast Riggers strengthens its presence in New England.
“Their growth and development closely mirror our own—expanding geographically and broadening services to meet customer needs,” said Doug Dayton, CEO of MEI. “The Northeast team embodies the entrepreneurial spirit we highly value at MEI.”
MEI has been expanding through acquisitions since it was acquired by Olympus Partners in 2023.
“MEI has built a national platform in a niche industrial services space that has been highly fragmented to date,” Dave Cardenas, managing partner at Olympus noted at the time of the deal.
