MCE Announces Acquisition of Diversified Air Systems

Zelienople, PA

Motion & Control Enterprises (“MCE”) is pleased to announce that it has acquired Diversified Air Systems (“DAS”).

Founded in 1979, DAS is a full service, stocking distributor of air compressors and related products including vacuum & water recovery systems, nitrogen/oxygen generators, cooling towers and chillers. The company also provides a full offering of repair, routine service and aftermarket parts.

Based in Cleveland, OH, Diversified employs 42 associates, servicing industrial markets in OH, WV and western PA from four locations — Cleveland, OH; Akron, OH; Toledo, OH and Washington, PA. As a division of MCE, the Company will continue to operate under the Diversified Air Systems name with the same leadership team, employees and suppliers.

“We are excited to welcome the Diversified Air Systems team to MCE”, said Charles Hale, Chairman & CEO of MCE. Hale further noted that “DAS’ products are a natural fit with MCE’s fluid power capabilities and will position the combined business to provide a broader range of highly-engineered solutions to its consolidated customer base”.

“DAS and MCE are very well aligned with a similar customer solution focus and shared values”, said Bob Lisi, CEO of Diversified Air Systems. “We believe that MCE will honor our long history, while giving us the needed resources to accelerate our growth into the future.”

About MCE

With operations across the Mid-Atlantic and Midwest, MCE provides 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 16 branded retail stores. For more information, please visit www.mceautomation.com.

About Frontenac

Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.