XLCS Partners, Inc., a leading middle market investment bank, announced it was "pleased" to serve as exclusive advisor to MBC Aerosol (MBC) in its sale to R-V Industries (R-V), a portfolio company of Prospect Capital Corporation.
Established in 1982, MBC has been providing high-quality aerosol products to a wide range of industries, including automotive, construction and marine. The company's innovative product portfolio includes lubricants, cleaners and degreasers that are recognised for their strong performance and environmental sustainability. MBC founders James McBride and Peter Burt will remain with the company and continue to operate out of the Elgin, Illinois facility.
Founded in 1974, R-V is a trusted engineering and metal fabrication company of industrial process equipment for Fortune 500 customers. It was recognised by The Fabricator, the leading magazine and reporting authority on metal fabricating technology in North America, as one of its FAB 40 (the 40 most successful metal fabricators based on reported revenue).
The company serves a diverse set of customers across biotechnology, chemical, food and beverage, life sciences, nuclear waste, oil and gas, paper and pulp, pharmaceutical and power generation industries.
R-V's acquisition of MBC continues its history of strategic growth through acquisition and follows the recent additions of Genesis Packaging Technologies, AccuDraft and Beta Star Life Science Equipment.
"Over the past 14 years, we developed a complete line of high-quality aerosol and bag-on-valve machinery based on our customers' needs and input," said McBride. "We are grateful our sales expanded beyond our dreams and look forward to utilising R-V's resources to take MBC and our employees to the next level, both domestically and internationally. We are excited for our future as part of the R-V family."
XLCS acted as the exclusive M&A advisor to MBC and the transaction was led by Bob Contaldo, managing partner and Jay Cremer, vice president.