Sverica Capital Management LLC said Wednesday it sold MC Sign Company to Caltius Capital Management. Financial terms weren’t announced. Mentor, Ohio-based MC provides signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality. TM Capital advised MC Sign Company and Sverica.
NEW YORK–(BUSINESS WIRE)–Sverica Capital Management LLC (“Sverica”), a private equity investment firm, announced today it closed on the sale of MC Sign Company (“MC Sign”) to Caltius Capital Management (“Caltius”). Based in Mentor, OH, MC Sign provides mission critical signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality.
Sverica acquired a majority interest in MC Sign in 2008. Over the course of its investment, Sverica guided the company through robust top line growth, identified & entered high growth adjacent service lines, and completed one add-on acquisition.
“We are proud to have been partners with MC Sign and its talented management team,” said Dave Finley, Managing Director at Sverica. MC Sign has grown from a company focused on sign installation and maintenance, to a diversified facilities maintenance organization serving a number of trades including lighting and electrical. Both Sverica and management felt it was an opportune time to explore another financial partner.”
“Sverica has been a tremendous partner, said Timothy Eippert, MC Sign’s Chief Executive Officer. Their strategic guidance has been invaluable to our success. The company would not have achieved what it has without Sverica.” “Sverica’s growth-oriented investment model and analytical support has helped MC Sign increase revenue by nearly 65% during their ownership.”
TM Capital served as advisor to MC Sign Company and Sverica.
About MC Sign Company
MC Sign is a leading national sign and lighting company, meeting customers’ needs from new sign design and manufacturing, installation, on-demand service as well as lighting upgrades and retrofits. MC Sign is proactive in its strategic plans by investing time and resources into developing products and services that bring value to its current and potential customers. The company’s experienced project managers and customer services representatives provide cost-effective sign and lighting products and services for some of the largest retail, restaurant, hospitality, and financial companies in the United States and Canada. For more information, visit www.mcsign.com.
About Sverica Capital Management
Sverica is a leading private equity firm that has raised over $500 million of investment capital across multiple funds. The firm seeks to invest in companies that are or could become leaders in their industries, and works closely with the management of such companies to facilitate their growth. Since 2001, Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, visit www.sverica.com.