MCM Announces Recapitalization of ESSCO
Fund II Investment
We are pleased to inform you MCM Capital Partners II has completed a dividend recapitalization of ESSCO, a vacuum parts and accessories distributor based in Twinsburg, Ohio. The recapitalization was funded entirely with senior debt provided by Key Bank resulting in bank leverage of less than 3x TTM EBITDA post transaction.
We would like to thank the ESSCO management team for their outstanding performance. Over the past two years, ESSCO has successfully integrated the acquisition of STAR for Parts, transitioned from a regional to a national distributor, and has undertaken several strategic initiatives increasing both revenues and EBITDA by more than 60% during this period. | | |
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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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