karlyoerg

There are no plans to move MC Sign’s maintenance business to another company. It isn’t uncommon for a PE group to hold a few similar companies, but that doesn’t mean there’s any direct relationship between those companies.

Hi folks- This transaction should have little to no impact on our Field Partners, other than the continued growth that it supports. Our finance partner won’t play an active role in the daily operations, just like Sverica (who has owned us since 2008) has not over the past several years. It’s the same management team paying your invoices out of MC Sign’s own checking account. We used to be a small company running two trucks out of Ashtabula, Ohio, so we understand how important cash flow is to you. If we expect you to complete our work on time, you should expect us to pay on time. It’s a 2-way street. MC Sign Company isn’t the only national sign company who is partnered with a private equity firm; it’s becoming more common these days. Companies like Sverica and Caltius make their money by investing in successful, growing companies and selling after several years. The only reason for the recent sale is that we reached that point in the life cycle. I’ll be replying to another of these posts in around five years. J Thank you to all our FP's for taking good care of our customers and helping us grow into the company we are today. We wouldn’t be here without you. Karl Yoerg VP, Service Division PS – Mark, I hear you on the same-day / next-day calls. We try to stick to our standard of 3 business days, but more and more customers are expecting quicker turnaround. Most of our service jobs still have a 2- or 3-day lead time, but the average has definitely dropped. Still, we avoid the “fire drills” whenever possible. (Rush jobs are tough for us too. As you can imagine, it isn’t always easy to find someone who can go to site right away.) We appreciate it when you can squeeze those jobs into the schedule & understand when you can’t.