MCE’s PE Owner Reinvests to Fund Next Phase of Growth - Modern Distribution Management

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MCE’s PE Owner Reinvests to Fund Next Phase of Growth

This vehicle will allow for Frontenac’s continued investment in MCE and is expected to fuel the company’s next phase of growth.
MCE_Logo-Black-and-Red-r-500 copy

Chicago-based private equity firm Frontenac announced Aug. 2 that it has completed an oversubscribed secondary market transaction to fund future growth initiatives of portfolio company, Motion & Control Enterprises (MCE).

According to a news release from Frontenac, this will allow for Frontenac’s “continued investment in MCE and is expected to fuel the company’s next phase of growth.”

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MCE is a Pennsylvania-based industrial distributor and services provider of highly engineered, full lifecycle fluid, flow, automation and air solutions. On MDM’s 2023 Top Distributors Lists, the company ranked No. 50 among industrial distributors and No. 9 for fluid power distributors.

Frontenac acquired MCE in 2018 in partnership with CEO1ST executive Charley Hale.

“Our executive-led strategy is a hallmark of Frontenac’s approach, and this transaction is another example of that strategy at work,” said Ron Kuehl, Managing Partner at Frontenac. “With a continuation vehicle, we can continue to support strong companies and executives like MCE and Charley Hale. This continuation vehicle furthers Frontenac’s strategy to build sizeable and long-standing companies.”

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

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