M&A Deal Summary

Frontenac Acquires MCE

On October 1, 2018, private equity firm Frontenac acquired distribution company MCE

Acquisition Highlights
  • This is Frontenac’s 7th transaction in the Distribution sector.
  • This is Frontenac’s 61st transaction in the United States.
  • This is Frontenac’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-10-01
Target MCE
Sector Distribution
Buyer(s) Frontenac
Deal Type Recapitalization

Target

MCE

Zelienople, Pennsylvania, United States
MCE is an industrial distributor of branded motion and control systems specializing in connectors, hydraulics and pneumatics. MCE was founded in 1951 and is based in Zelienople, Pennsylvania.

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Buyer(S) 1

Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.

DEAL STATS #
Overall 63 of 79
Sector (Distribution) 7 of 11
Type (Recapitalization) 20 of 29
State (Pennsylvania) 2 of 5
Country (United States) 61 of 75
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 TPC

Buffalo Grove, Illinois, United States

TPC engages in maintenance, repair, and operator training, with complete solutions for a 21st-century workforce to acquire, apply, and adapt essential technical and safety skills. TPC Training offers a complete portfolio of innovative industrial skills training methods, including online, live Instructor, VR, and innovative on-the-job simulations to fit every need and budget. TPC was founded in 1969 and is based in Buffalo Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 GNAP

Byron Center, Michigan, United States

GNAP is a national distributor of industrial abrasive products, equipment, specialty ceramics and ancillary services used by a broad base of customers in the applications of investment casting, metal stamping, machining, forging, remediation, coating, and paving.

Sell -
Mergr

Product

Company

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