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 March 2013

MCM Capital Sells Dexmet Corporation 

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MCM Capital Sells Dexmet Generating an 8x Cash on Cash Return and 42% IRR 
Fund II Divestiture

 

CLEVELAND, OH - MCM Capital Partners II ("MCM"), a Cleveland, Ohio-based MicroCap LBO fund is pleased to announce the sale of Dexmet Corporation.  The Fund's investment generated an outstanding 8x cash-on-cash return and a 42% IRR for its shareholders. 

 

dexmet2Acquired by MCM Capital Partners II in 2006, the Company has grown into a world leading manufacturer of technical, specialty expanded foils and polymeric materials incorporated in numerous critical applications including lightning strike protection for composite aircraft components,  high performance primary batteries, semiconductor filters, and RF shielding.  MCM sold the business to Sverica International Management LLC, a private investment firm located in Boston, MA and San Francisco, CA. 

 

MCM and Dexmet's management team, led by current President Bob Bochman and former CEO Harry Shimp, an MCM Senior Operating Partner, invested significant resources into upgrading the senior management team, launching an internet centric marketing effort, consolidating operations into a single modern facility, focusing on new applications and new product development.  These efforts resulted in EBITDA growing 250% and positioning the Company for sustained future growth.    

 

Dexmet President Bob Bochman said, "MCM acquired a good company in 2006 and set the wheels in motion for a transformation to a great company. The MCM management team provided the perfect balance of financial and technical expertise enabling Dexmet to establish a solid foundation for operating excellence, and positioning it to continue the solid growth experienced during their ownership. I am extremely happy with the Company's present and future position following this extremely successful partnership with MCM."   

Mark Mansour, MCM's Senior Managing Partner commented "The Company was repositioned from a niche supplier of expanded materials serving the mature primary battery market to offering highly engineered solutions across expanding new markets generating outstanding growth.  We are proud to have partnered with the Dexmet management team in building this innovative Company and wish it and its new owners continued success." 

MCM Capital Partners focuses on partnering with strong management teams in acquiring niche manufacturers, value added distributors and specialty service companies generating up to $75 million in annual revenue.   Please visit our website for more on our investment principles and acquisition criteria.

 

 

Blog Post of the Month:
  
Author:  Mark Mansour
  
  

EHEh... granted, not eloquent but an apt description of the current state of our economy. During the second half of 2012 many macroeconomic indicators pointed to a decelerating economic recovery and indeed we saw a slowdown in orders across several of our B2B portfolio companies during this period. This was not unique to MCM Capital [...]Read More...�

 

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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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Mark Mansour View our profile on LinkedIn
Senior Managing Partner
216-514-1845


Jay Poffenberger View our profile on LinkedIn
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Steve Ross View our profile on LinkedIn
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Kevin Hayes View our profile on LinkedIn
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