Arcapitas expansion plans aid MC Groups second acquisition

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MANAMA: MC Group, a portfolio firm of Bahrain-based Arcapita, has made its second acquisition in just over a year through the purchase of Coastal Signage + Wayfinding.

Financial terms weren’t disclosed in the announcement by Sharia-compliant investment firm Arcapita.

The transaction represents the latest step in an aggressive expansion strategy by Arcapita for MC Group, it said.

In 2017, Arcapita took a controlling interest in MC Group, a leading nationwide provider of signage and lighting services in the US.

The addition of Coastal Signage + Wayfinding, a full service solutions provider based in Oceanside, California, broadens MC Group’s suite of services further following the acquisition of Integra Service Group, which offers electrical and rollout management services.

Arcapita’s chief investment officer Martin Tan said: “I am delighted to see MC Group continue on its positive growth trajectory. The latest investment is testament to the strength of the management team at MC Group and the opportunities that exist to expand its market share and extend its products and services offerings.

“We are excited about the company’s prospects and committed to working alongside them to help grow the business further.”

Timothy Eippert, president and chief executive of MC Group, said: “Coastal Signage + Wayfinding’s commitment to well-designed, effective branding, state-of-the-art manufacturing equipment, and their exceptional passion to serve clients have proven to be a great complement to our breadth of services as we continue building better brands.”

Coastal Signage + Wayfinding offers an extensive range of exterior and interior branding and wayfinding products including signage, graphics, fixtures/displays, architectural elements and facade cladding.

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