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ESSCO Completes Add-on Acquisition
Add-on Investment |
Company ("ESSCO"), a MCM Capital Partners portfolio company and the nation's leading wholesaler of vacuum cleaner parts and vacuum cleaners to independent dealers, has completed its acquisition of Star Equipment and Supplies ("Star").  Based in Hauppauge, New York, Star is one of the most recognized and trusted brand names within the independent vacuum dealer channel.
The acquisition will strengthen ESSCO's industry leadership in its core independent vacuum cleaner dealer channel. Star's broadened geographical reach will benefit dealers in all regions by allowing them to receive orders quickly and make customer service and order entry available during business hours. Additionally, ESSCO's catalog and Web site, long industry-standard resources for parts and vacuum cleaners, will be enhanced as new products become available. The Web site includes more than 4,500 schematics in an easy-to-search format with real-time price and stock position search features. Dealers will also have one-stop access to proprietary equipment brands and parts that were once sold separately by each company.
MCM will continue to be opportunistic in this tumultuous economic environment in searching for platform investments.
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Sincerely,
MCM Capital Partners |
| About Us
MCM Capital Partners, founded in 1992, is a Cleveland, Ohio based MicroCap private equity firm investing in lower middle-market companies generating revenues between $15 million and $75 million. Over the past seventeen years, MCM has successfully partnered with strong management teams in buyout and recapitalization transactions of niche manufacturing, specialty service, and value-added distribution companies.
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