02/20/2026
Citizens Serves as Exclusive Financial Advisor to MSHS Pacific Power Group on its Sale to Industrial Service Solutions
PROVIDENCE, RI – Citizens Capital Markets & Advisory announced today that it served as the exclusive financial advisor to MSHS Pacific Power Group on its sale to Industrial Service Solutions, a portfolio company of Wynnchurch Capital.
MSHS Pacific Power Group is an independent provider of comprehensive maintenance, repair and overhaul solutions for power and propulsion applications in the power generation, marine and national security industries. MSHS Pacific Power Group was a previous portfolio company of MPE Partners, a Cleveland- and Boston-based private equity firm.
Headquartered in Fort Lauderdale, FL, MSHS Pacific Power Group delivers a full lifecycle offering spanning field and workshop services, parts distribution, system sales and advanced control solutions across a broad range of original equipment manufacturer (OEM) platforms.
During its partnership with MPE, the company grew organically and expanded its geographic footprint through the strategic combination of MSHS and Pacific Power Group and enhanced its service capabilities across critical end markets.
“The Citizens team brought unmatched preparation and senior-driven execution from day one,” said Joe Machado, partner at MPE Partners. “What impressed us most was the strength of the entire team and how hands-on they were at every stage, architecting a process that built competitive tension and delivered an exceptional outcome for MSHS Pacific Power Group.”
“Citizens provided invaluable support and significant leverage to the MSHS Pacific Power Group management team throughout the transaction process,” added David Santamaria, CEO of MSHS Pacific Power Group. “Ryan assembled and led a great team with knowledge of the industry, market dynamics and deep buyer relationships, which proved vital in finding the best partner for our business.”
“We worked diligently to facilitate a successful outcome for MPE and MSHS Pacific Power Group,” said Ryan Sugrue, managing director at Citizens. “The MSHS Pacific Power Group team has established an impressive platform that is well-positioned for future growth under ISS and Wynnchurch’s ownership, and we look forward to following their continued success.”
Citizens Capital Markets & Advisory offers investment banking, research, sales and trading activities as part of our institutional broker-dealer, Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.4 billion in assets as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.
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