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MC Sign Co. sold to Los Angeles-based private equity firm MC Sign Co. of Mentor, which provides sign and lighting services to customers in the quick-serve restaurant, retail, convenience store and hospitality industries, has been sold by one private equity firm to another. Sverica Capital Management LLC, which has offices in San Francisco and Boston, announced it has closed the sale of MC Sign to Los Angeles-based Caltius Capital Management. Terms of the deal were not disclosed. Phone calls placed Thursday morning, Sept. 24, to Timothy Eippert, MC Sign’s CEO, and a Sverica managing director, Jordan Richards, were not immediately returned. MC Sign was founded in 1953 in Ashtabula, according to a corporate history on its website. The company describes itself as “one of the largest providers of signage, lighting, and maintenance services throughout the United States and Canada.” In a news release, Sverica said it acquired a majority interest in MC Sign in 2008. Over the course of its investment, Sverica said, it “guided the company through robust top-line growth, identified and entered high growth adjacent service lines and completed one add-on acquisition.” Dave Finley, a managing director at Sverica, said in the release that MC Sign “has grown from a company focused on sign installation and maintenance, to a diversified facilities maintenance organization serving a number of trades including lighting and electrical. Both Sverica and management felt it was an opportune time to explore another financial partner.” Eippert said in the release that Sverica “has been a tremendous partner” that “has helped MC Sign increase revenue by nearly 65% during their ownership.”
