Bowstring advises MC Group on its acquisition of Icon Identity Solutions

September 25, 2019 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to MC Group (the “Company”), a portfolio company of Arcapita, a global investment firm, on its acquisition of Icon Identity Solutions (“Icon”), a portfolio company of Merit Capital Partners.

MC Group is a provider of signage, lighting, electrical and brand management services. Icon is one of the nation’s largest brand implementation companies, specializing in signage manufacturing and installation, sign and lighting maintenance, specialty services and commercial retail construction solutions.

Tim Eippert, CEO of MC Group, commented, “As we continue to grow, it’s increasingly important for us to partner with supportive and dedicated partners who understand our business model. MC Group is a diversified, asset-light facility services company with signage and branding at its core. The team at Bowstring and their expertise in facility services was a perfect fit.”

“Over the last three years, MC Group has leveraged its unique asset-light model and established itself as the leading brand implementation business in the industry,” said Jason Wallace, Managing Director at Bowstring. “The Company’s most recent acquisition further broadens its capabilities and is a testament to the strength of the management team. Bowstring’s relationship with MC Group began with its recapitalization by Arcapita in 2017, and we value the trust they continue to place in our team.”

As we continue to grow, it’s increasingly important for us to partner with supportive and dedicated partners who understand our business model. MC Group is a diversified, asset-light facility services company with signage and branding at its core. The team at Bowstring and their expertise in facility services was a perfect fit.

Tim Eippert
CEO
MC Group