MCM Capital Acquires MicroGroup

MCM Capital Partners, LP (a Cleveland based leveraged buyout fund) is pleased to announce the acquisition of MicroGroup, Inc, a Massachusetts based provider of medical grade stainless steel tubing, miniature valves and fittings and precision machining and assembly services. The acquisition was made in partnership with National City Equity Partners (the private investment subsidiary of National City Corporation, Cleveland, Ohio) and Management.

MicroGroup is a 30-year-old manufacturer providing “best-in-class” rapid turnaround on its interrelated suite of products and services. This suite of products and services positions the Company as a “one-stop-shop” for prototypes, short run and production assemblies used primarily in the medical device, telecomm and analytical instrument markets. Under the leadership of William Hulbig, Chief Executive Officer, MicroGroup has established a 30-year track record of double-digit revenue and earnings growth. Mr. Hulbig noted, “We have aggressive growth plans which, in part, will be augmented by seeking out strategic acquisitions to compliment our existing product offering and/or enhance our distribution”.

Mark Mansour, Managing Director of MCM, offered that “We began targeting manufacturers and suppliers to the medical device industry in early 2000 and reviewed over 20 opportunities before acquiring MicroGroup. Our interest was stimulated by the Company’s broad manufacturing capabilities housed under one roof and their resulting ability to provide extraordinary turnaround on complex parts and assemblies”.

Mr. Mansour also offered that it is MicroGroup’s intent to pursue a very selective acquisition strategy and MCM’s partnership with National City Equity Partners ensures MicroGroup has access to substantial amounts of equity capital to finance strategic acquisitions despite a very challenging credit market.

MCM Capital Partners is a Cleveland, Ohio-base private equity investment firm which focuses on acquiring strong industrial and consumer based businesses which generate revenues between $20 and $100 million.

National City Equity Partners (NCEP) is the private investment subsidiary of National City Corporation, one of the largest financial holding companies in the nation. NCEP focuses on providing mezzanine and equity financing to middle market companies generating annual sales of $20 million to $200 million.

Capital ideas,
delivered to your inbox

Recent Posts
View All

MCM Capital Partners (“MCM”), a micro-cap private equity firm based in Cleveland, Ohio, is pleased to announce its recent acquisition of AIM Processing based in Longmont, CO. AIM Processing is a custom plastic injection molder specializing in small, tight-tolerance parts and are experts in overmolding, insert molding, and metal replacement serving the medical device, industrial,...

Cleveland, OH –MCM Capital Partners (“MCM”), a micro-cap private equity firm based in Cleveland, Ohio, is excited to announce the majority recapitalization of Tech NH, Inc. (“Tech” or the “Company”). Tech, based in Merrimack, New Hampshire, is a technical injection molder serving the medical device, general industrial, defense and green energy industries. Founded in 1982...

As a private equity fund focused on lower middle market manufacturing and distribution businesses, we are often asked about our eventual plans to sell portfolio companies. Private equity investors typically have a planned investment horizon (typically 5-7 years) during which they expect to hold, grow and exit a portfolio company. However, the exact timing of...

Partnering with a private equity fund is sure to have a transformative effect on any business. Gaining clarity on these topics will help determine whether a private equity suitor can be a potential long-term growth partner.