HCI Equity Partners completed the sale of Quadel Consulting & Training to Bluestone Investment Partners. Quadel, headquartered in Washington, DC, provides outsourced program management, contract administration, disaster recovery, consulting, training and educational services to various federal, local and state agencies.

Quadel is a national expert in the HUD-Assisted Multifamily, Public Housing, Housing Choice Voucher, and Low Income Housing Tax Credit programs. The Company operates in a specialized niche with significant intellectual property and serves as a leading provider of outsourced program management, consulting, and training services enabling federal, state, and local organizations to realize cost savings, improve performance, and expand the effectiveness of affordable housing programs.