Chicago, IL – October 1, 2018
Frontenac, a Chicago-based private equity firm, today announced the acquisition of Motion and Control Enterprises (“MCE”), an industrial distributor of branded motion and control systems specializing in connectors, hydraulics and pneumatics. Financial terms of the private transaction were not disclosed.
With operations across the Mid-Atlantic and Midwest, MCE is a leader in motion and control technology, partnering with customers to increase productivity and profitability. MCE distributes hydraulic, pneumatic, electronic, and support hardware and provides services such as systems engineering and fabrication, subassembly, field service and repair. MCE serves customers through its distribution and service centers in Pennsylvania, Wisconsin, Michigan, Illinois, and Indiana. In addition to distribution centers, the company operates 19 branded retail stores.
The go-forward MCE management team includes experienced, private equity backed executives Charley Hale, Executive Chairman (former CEO of FCX Performance); Steve Michalski, CEO (former CEO of TPC Wire & Cable and Powertrack); and Michelle Burnett, CFO (former 15+ year CFO across multiple companies).
Frontenac is a leading private equity firm, based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through our executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 275 owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.