Le Lézard
Classified in: Science and technology, Business
Subject: TNM

Arcapita Acquires Leading US Signage Company for Over $100 Million


MANAMA, Bahrain, January 8, 2018 /PRNewswire/ --

Arcapita, the global investment firm, announced today that is has acquired a controlling interest in MC Sign Company ("MC Sign" or the "Company"), the leading nationwide provider of signage and lighting services in the United States, for a total transaction value in excess of $100 million.

Atif A. Abdulmalik, Arcapita's Chief Executive Officer, commented, "We are excited to complete a US private equity transaction and pleased to partner with the management team at MC Sign to help grow the Company's suite of services and customer base. MC Sign is led by a very experienced team of professionals who have grown the business considerably over the past few years, and we believe the Company is well positioned to acquire market share in a highly fragmented industry that is dominated by locally-focused, sub-scale service providers. Over 75% of MC Sign's customers are blue chip companies with national presence and, attesting to the Company's value proposition, MC Sign has averaged an industry-leading customer retention rate of 99% since 2012."

Martin Tan, Arcapita's Chief Investment Officer, said, "MC Sign acts as a comprehensive one-stop-shop for customers, eliminating the need to manage multiple relationships with local vendors across diverse geographies. This is especially beneficial for companies with a national or regional footprint. We believe the Company has significant potential to grow organically and through acquiring smaller regional service providers. Given the repeat nature of customer demand, MC Signs also benefits from a sizable and growing recurring revenue base. We are excited to bring this opportunity to our investors and are optimistic about the Company's growth prospects."

Founded in 1953, MC Sign provides signage and lighting services to customers across the US through a highly-scalable, vendor-managed, and asset-light business model. The Company's customer base is comprised of nationally recognized blue chip companies in the retail, banking, hospitality, quick service restaurant and petroleum/C-store segments throughout the US and Canada. MC Sign has over 275 customers, many of whom have been with the Company for over a decade.

MC Sign provides its customers with a comprehensive suite of signage services including new installations, rebrandings, and refurbishments, as well as on-demand sign maintenance and emergency repairs. The Company has also steadily grown its lighting services business which completes interior and exterior lighting installations and is currently capitalizing on the high-growth LED retrofit/conversion market in the United States. Through its headquarters in Cleveland, Ohio, MC Sign processes over 40,000 work orders per year through over 5,000 field service partners, and has 225 employees.

About Arcapita 

Arcapita is a global Shari'ah compliant alternative investment manager, with offices in Bahrain, Atlanta, London and Singapore. Arcapita's principal lines of business are private equity and real estate, and its management team has a 20-year track record of over 70 investments worth a total transaction value of approximately $30 billion.

Further details on Arcapita can be found athttp://www.arcapita.com.


These press releases may also interest you

at 02:00
C.K. McWhorter, chairman of the McWhorter Foundation, voices concerns over outdated perspectives in corporate leadership, exemplified by recent remarks from Nelson Peltz regarding Disney's film direction. After encountering instances of racism and...

at 02:00
OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for March 29, 2024. OKX...

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
Royal Bank of Canada ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada"). "Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...



News published on and distributed by: