Century Park Capital Partners said Jan. 29 that completed a majority recapitalization of MCCi LLC. Company management and its founders also participated. Financial terms weren’t announced. MCCi, of Tallahassee, Florida, is a software and IT services firm focused on enterprise content management and business process automation. Winston Strawn and Crowe LLC advised Century Park.
LOS ANGELES–(BUSINESS WIRE)–Century Park Capital Partners (“Century Park”) is pleased to announce it has completed a majority recapitalization of MCCi, LLC in partnership with the management team and founders. Headquartered in Tallahassee, Florida, MCCi is a leading software and IT services firm focused on enterprise content management and business process automation.
MCCi serves clients in a variety of end markets, with a focus on state & local government, education, law enforcement, financial services, and several other commercial vertical markets. MCCi provides IT consulting services, system design, implementation, integration, managed services, and support services to over 1,000 clients across North America. Additionally, the Company recently developed and commercialized a SaaS software offering, JustFOIA, as a solution for state and local governments to more efficiently fulfill public records requests.
MCCi co-founder Donny Barstow has invested alongside Century Park and will continue to serve as President and CEO of MCCi. Mr. Barstow commented, “We’re excited to partner with Century Park for our next phase of growth. We were highly selective in our search for a new partner and chose Century Park because of their shared vision of providing outstanding value to our clients and their track record of backing businesses at a similar stage of strategic growth and transformation.”
“MCCi exhibits some of the key traits we look for in companies that we partner with – an experienced and entrepreneurial management team, a market leading position, a value proposition that has its clients raving about their products and services, and a dynamic and growing market opportunity. We were really impressed with what Donny Barstow and the team have built and are thrilled to be partnering with them for the next chapter of expansion at MCCi,” commented Marty Sarafa, Managing Partner with Century Park. Mr. Sarafa added, “We’ve been working with our Executive Council member and industry expert, Nick Yarymovych, to find a platform that leverages his vast experience in IT services and software. MCCi was the perfect fit for Nick’s background and our investment thesis and strategy.”
Tony Trevino, Vice President at Century Park, added, “We’re in the early stages of a digital transformation in MCCi’s core end markets. Organizations are moving from unstructured and manual business processes to fully-automated digital work flows and we think MCCi’s experienced management team, world class products and services, and strategic vision is primed to successfully capitalize on this trend.”
RGA Private Debt & Equity and Plexus Capital provided financing for the transaction. VRA Partners advised MCCi on the sale and Winston & Strawn and Crowe LLP advised Century Park. Terms of the transaction were not disclosed.
Founded in 2003, MCCi is an IT solutions provider offering maintenance, support, managed services, installation and integration, and software resale of enterprise content management (“ECM”) software and other business process software solutions. MCCi has a diverse client base including cities/local government agencies, commercial, education, law enforcement, and other support/integrators. For more information on MCCi, please visit www.mccinnovations.com.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm established in 2000 that invests in family businesses, owner-operated companies and corporate divestitures with the purpose of accelerating their growth. We specialize in acquiring strategically well-positioned yet under-resourced middle market companies with identifiable potential for value creation through the addition of critical resources. We leverage our team of operating executives, the Century Park Executive Council, to invest in companies within their particular domain expertise, and then further support our investments with proven operational and strategic initiatives including buy-and-build acquisition programs, process improvement plans and infrastructure additions. Since inception, Century Park has completed over 62 transactions. For more information on Century Park, please visit www.centuryparkcapital.com.