Private equity investment firm Sverica Capital Management has closed on the sale of MC Sign Company (MC Sign) to Caltius Capital Management.
Based in Mentor, Ohio, MC Sign provides mission critical signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality.
Sverica acquired a majority interest in MC Sign in 2008. Over the course of its investment, Sverica guided the company through robust top line growth, identified & entered high growth adjacent service lines, and completed one add-on acquisition.
“We are proud to have been partners with MC Sign and its talented management team,” says Dave Finley (pictured), Managing Director at Sverica. MC Sign has grown from a company focused on sign installation and maintenance, to a diversified facilities maintenance organisation serving a number of trades including lighting and electrical. Both Sverica and management felt it was an opportune time to explore another financial partner.”
“Sverica has been a tremendous partner,” says Timothy Eippert, MC Sign’s Chief Executive Officer. “Their strategic guidance has been invaluable to our success. The company would not have achieved what it has without Sverica. Sverica’s growth-oriented investment model and analytical support has helped MC Sign increase revenue by nearly 65 per cent during their ownership.”
