Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“Tecum”) has partnered with MFG Partners (“MFG”) and Management to acquire Mail Communications Group, LLC (“MCG” or the “Company”). Tecum and MFG partnered with Company President Tom Lawrenz, along with the management team, in acquiring the business from current owners, Stone Arch Capital.
Founded in 1984 and based in Des Moines, Iowa, MCG is a leading provider of outsourced communications services to a diverse base of customers across the Upper Midwest. MCG’s integrated suite of omni-channel communications, mail presort services and lettershop provide customers a one-stop solution for their consumer communications. MCG operations extend across the Upper-Midwest, with locations in Des Moines, IA, Bismarck, ND, Springfield, MO and Sioux Falls, SD.
“We welcome this new partnership with MFG and the existing management team at MCG. This investment represents an exciting opportunity for Tecum. We were very impressed with the knowledge and experience our partners demonstrated throughout the due diligence process”, noted Stephen Gurgovits, Jr., Tecum founder and managing partner. “We look forward to supporting MCG’s management team with the next phase of growth for the Company”.
About Tecum Capital Partners
Tecum Capital is a Pittsburgh-based private investment firm with over $450 million of committed capital under management providing mezzanine debt, subordinated notes and private equity for middle market businesses. Tecum has invested more than $250 million in over 50 companies over the past 10 years throughout the Midwest, Mid-Atlantic, and Southeast. Tecum generally invests amounts ranging from $5 million to $15 million to support business owners and financial sponsors in growth financials, full and partial recapitalizations, generational transitions, and buyouts. For more information, please visit www.tecum.com.
About MFG Partners
MFG Partners is a New York City-based based private equity firm focused on acquiring majority interests in established privately held enterprises in the lower middle market. MFG seeks to partner with existing company leadership to identify and execute on growth opportunities and operational initiatives. MFG targets transactions in the $25 – $100 million dollar range with a focus on industrial, manufacturing, distribution and business to business services. Learn more about MFG at www.mfgpartners.com