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MCE
Active
MCE is a value-added distributor of engineered products and solutions in fluid power, flow control, air compressor, and automation equipment/parts, and provides repair services across the East Coast and MidWest.
How We Partnered
Situation:
MCE is the highest returning asset in Frontenac’s Fund XI. Frontenac wanted to realize a highly attractive ~20x return for their exiting LPs and provide the company with additional growth capital to support its acquisition strategy.
Structure:
Single-asset CV with 5 year term and dry powder to continue the M&A strategy.
Headquarters:
Zelienople, PA
Stage:
Active
Business Model:
Value-add Distribution
Sponsor:
Frontenac
Investment Date:
July 2023
Investment Thesis
Recurring nature of MRO sales and high FCF margins
History of accretive M&A and margin expansion
Post-acquisition synergies
Strong GP alignment
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