MFG Partners has completed the acquisition of Mail Communications Group (MCG), an outsourced provider of print-to-mail services, from Stone Arch Capital.
Mail Communications Group provides print-to-mail and electronic document services including statement processing, electronic bill presentation and payment, variable printing, automated inserting, and mail induction. The company also provides direct mail services, such as list acquisition, letter shop, and mailing, and presorting services.
Customers of MCG include banks, insurance companies, healthcare providers, state and local governments, and local small businesses. MCG, led by its President Tom Lawrenz, was founded in 1984 and is based in Des Moines (www.mailcommunicationsgroup.com).
“We look forward to supporting Tom and the team at MCG,” said Jonathan Schilowitz, a Partner at MFG. “Management has built an exceptional business by addressing the evolving communication needs of its customers. We are eager to work with management to expand MCG’s service offering, with an emphasis on investing in the company’s digital platform and extending its geographic reach.”
“MFG’s focus on collaboration and its long-term investment approach fit well with our business,” said Tom Lawrenz, President of MCG. “We will deepen the relationship with our customers as we continue to invest in new products and services and expand our footprint.”
MFG Partners makes control investments of $10 million to $50 million in North American companies valued from $25 million to $100 million. Sectors of interest include industrial, manufacturing, distribution, and business-to-business services. MFG was founded by Jeff Mizrahi and Jonathan Schilowitz and is headquartered in New York (www.mfgpartners.com).
Stone Arch Capital, the seller of MCG, makes equity investments of $10 million to $25 million in Midwest-based lower middle-market companies with revenues from $20 million to $150 million and EBITDA greater than $5 million. Transaction sizes are generally within the range of $20 million to $100 million. Sectors of interest include manufacturing and service industries. Stone Arch Capital is headquartered in Minneapolis (www.stonearchcapital.com).
TCF National Bank and Tecum Capital Partners provided financing for this transaction. Cleary Gull was the financial advisor to MCG.
© 2017 Private Equity Professional | December 8, 2017
