XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, MedService Repair has been acquired by MPG Equity Partners.

MedService Repair supplies a broad line of consumable medical products including filters, lamps, enzymatic cleaners, forceps, and other products used primarily in endoscopic procedures. MedService is also a leading provider of repair services for endoscope reprocessors and sells refurbished reprocessors and other endoscope equipment.

MedService serves a diverse customer base of over 1,000 hospitals, clinics, and surgery centers that perform endoscopy procedures. The Company is known as one of the most trusted service providers in the industry due to its excellence in customer service, technical support, unique capabilities, and competitive pricing.

MPG Equity Partners is a privately funded family office that invests in healthcare, business, and consumer service companies, with a focus on niche manufacturing and value-added distribution. MPG partners with management teams to increase value by accelerating revenue growth, both organically and through complementary acquisitions.

XLCS acted as the exclusive M&A advisor to MedService Repair and the transaction was led by Brian Ytterberg, Managing Director. The transaction was completed August 31, 2018.

About XLCS Partners

XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.

More information is available at www.xlcspartners.com.

CHICAGO, IL – XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, Millennium Metals, has been acquired by Barsteel Corporation.

Millennium Metals is a Steger, Illinois based distributor of prime and secondary sheet, plate, and bar steel.  The Company offers more than 800 different sizes, grades, and lengths of bar and nearly 150 sizes and grades of plate and sheet. The Company’s customers use secondary steel to produce parts and finished goods that will end up in a variety of end markets including railroads, construction, fabrication, tool and die making, machine shops, automotive, agricultural industries, and other distributors.

Headquartered in Highland Park, Illinois, Barsteel Corporation is a metals service center and full-service distributor of hot rolled, cold rolled, and coated steel products to a broad range of manufacturers throughout the United States, Canada, and Mexico. The Company has extensive mill resources, processing capabilities, and logistical support, making it well positioned to satisfy the steel requirements of customers.

“It was a pleasure to be represented by XLCS Partners and John Sheridan,” said Gene Laster, Millennium Metals co-founder. “John not only directed and guided us throughout the process but, even more, was a friend and someone we could confide in when difficult decisions were required. I will always be thankful for John’s guidance and friendship.”

“After many years spent building Millennium Metals, the owners wanted to explore options for one of the partners to retire while still allowing the other partner to continue with the company,” explained John Sheridan, Managing Director. “Both of their goals were achieved by joining together Millennium Metals with Barsteel.”

XLCS acted as the exclusive M&A advisor to Millennium Metals and the transaction was led by John Sheridan, Managing Director. The transaction was completed November 5, 2018.

About XLCS Partners

XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.

More information is available at www.xlcspartners.com

XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, Ranger Air has been acquired by Aviation Technical Services (ATS).

Ranger Air is a premier supplier of aircraft airframe and engine accessories and components and provider of repair management services for a growing list of international customers. Since 2002, Ranger Air has introduced innovative inventory management programs and has stocked and traded parts for virtually every commercial airframe and engine platform in the world.

Headquartered in Everett, Washington, ATS provides a broad and growing portfolio of technical services in MRO (maintenance, repair and overhaul), Engineering, Component Repair and Parts Development world-wide. ATS supports both narrow body and wide body aircraft operators in the commercial and military aviation markets. Since its founding in 1970, ATS has received numerous industry awards for its support of turn-key fleet transition and integration, aircraft modifications, aircraft heavy maintenance, design services and component repair of accessories, structures, complex composites, hydraulics, pneumatics, heat exchangers and electrical components.

This acquisition launches ATS into the parts trading business and provides Ranger with access to ATS’s comprehensive repair capabilities to enable a quick return-to-service. The ATS group of companies offers Component Services, Airframe Maintenance, Engineering Support, and Alternate Solutions in ten locations across the United States. Ranger Air is the fourth acquisition for ATS in the Dallas-Fort Worth area over the past five years.

ATS is backed by New York based JLL Partners, a leading middle-market private equity firm with a 30-year track-record of building and transforming businesses through its financial and operational expertise. Since its founding in 1988, JLL Partners has committed approximately $5 billion across seven funds sourcing its deals from a deep network of industry contacts and creating value for its partners and investors.

XLCS acted as the exclusive M&A advisor to Ranger Air and the transaction was led by Managing Director Andrew Sannes. The transaction was completed on July 11, 2018.

About XLCS Partners
XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.

More information is available at www.xlcspartners.com.

CHICAGO, IL – XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, Steel & O’Brien Manufacturing (S&O), has been recapitalized by JZ Partners, Edgewater Funds, and members of the Company’s senior management team.

Founded in 1990, S&O is a leading manufacturer and supplier of Sanitary and Biopharmaceutical (BPE) stainless steel fittings, valves, and tubing primarily for the food, beverage, dairy, and pharmaceutical industries where sterility and cleanliness are required. Based in Arcade, New York, S&O is the only supplier in North America which stocks a full catalog of both Sanitary and BPE fittings and has full CNC machining and fabrication capabilities.

JZ Partners, LLC is a private equity firm based in Chicago and New York. JZ Partners advises the private investment activity of JZ Capital Partners Limited, a closed-end fund, founded in 1986, with more than $1 billion of assets under management. JZ Capital is one of the oldest closed-end investment companies listed on the London Stock exchange.

The Edgewater Funds is a Chicago, Illinois based private equity firm with over $2.7 billion of capital commitments raised since 2001. JZ Partners and Edgewater have partnered on investments for more than 15 years, having completed more than 80 transactions together across ten buy-and-build platforms over this time. The firms are focused on partnering with strong management teams of high-quality middle market companies, and adding value through operational, functional and M&A experience.

“We selected Joe Contaldo and the XLCS team for their impressive track record and level of service provided,” said Bryan Wells, President of Steel & O’Brien. “They had great passion for their business, which gave me great confidence in their ability to convey that same enthusiasm for our company.”

XLCS Partners acted as the exclusive advisor to S&O and the transaction was led by Joe Contaldo, Partner. The transaction was completed November 21, 2018.

About XLCS Partners

XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.

XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, Synergy Marketing Partners has been acquired by EventLink, LLC, , a portfolio company of Fort Point Capital.

Synergy, based in Lombard, Illinois, is the premier full-service digital, social, and live engagement marketing agency focused on building customized, multi-channel consumer engagement platforms for some of the world’s most recognizable brands. From high-octane brand activations and other live events to web/app development, email campaigns, social media strategy, and sweepstakes/rewards program management, the Company expertly marries multiple different and often disparate disciplines not commonly found in a single agency.

Headquartered in Sterling Heights, Michigan, EventLink has built a reputation for creating and executing some of the most logistically challenging marketing events in North America. Through a relentless focus on customer service and a dedication to delivering measurable returns, the Company has developed strong, contractual relationships with blue chip customers.

Members of Synergy will remain in the metropolitan Chicago area (Lombard, IL) and provide a new office location for EventLink primarily serving customers in the Midwest and west of the Mississippi. The new organization will consist of over 500 employees and hold significant agreements with major clients including;  General Motors, BMW North America, Porsche Cars North America, Wunderman Agency, United States Navy, Jim Beam Suntory, Audi of America, Blue Cross Blue Shield of Michigan, Northwestern Medicine and Nissan North America. The combined companies provide 360-degree capabilities from ideation and creative development to execution and measurement through Synergy’s Glimpse platform.

“From the first presentation through close, XLCS was first-class – a true partner in every sense of the word,” Justin Schwanke, Managing Partner of Synergy stated. “Having never been through the process before, Anthony made it easy – his team’s deep experience turned potential off-ramps into minor speed bumps. Jeff Schwartz and I would use Anthony and his team without hesitation for our next deal.”

Anthony Contaldo, Partner of XLCS, commented, “Synergy has been rapidly growing for several years, and finding the right financial and strategic partner to maximize the Company’s growth potential was the primary goal of our process.  From the first visit, the cultural and strategic match between Synergy and EventLink was obvious.  A great deal for all.”

XLCS acted as the exclusive M&A advisor to Synergy and the transaction was led by Anthony Contaldo, Partner. The transaction was completed September 25, 2018.

About XLCS Partners

XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising, and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight, and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.

More information is available at www.xlcspartners.com.