XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to National Tax Search, LLC (NTS) in its sale to CoreLogic.

NTS, headquartered in Chicago, Illinois, provides comprehensive property tax management services to lenders, real estate investment trusts, and property management companies. NTS limits customer exposure to unforeseen collateral loss related to unpaid property taxes, HOA fees, or inaccurate flood determination. NTS serves some of the largest lenders and investors in the nation as well as smaller, regional firms.

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services, and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies, and other housing market participants to help millions of people find, acquire and protect their homes. Headquartered in Irvine, California, CoreLogic operates in North America, Western Europe, and Asia Pacific.

Through the acquisition, CoreLogic will obtain TaxQ, the NTS property tax portal that provides end-users with access to detailed tax information.

“Working with Anthony Contaldo and XLCS Partners through the acquisition process of NTS was truly an amazing experience,” said Lori Eshoo, President of NTS.  “It was important to me to find the absolute best acquirer that would share my vision for NTS to continue to thrive in the property tax management marketplace. Anthony was there every step of the way, acting on behalf of NTS and myself, and I could not be happier with the outcome.”

XLCS acted as the exclusive M&A advisor to NTS and the transaction was led by Anthony Contaldo, Partner. The transaction was completed August 6, 2019.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com

XLCS Partners., Inc, a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to Microplastics, Inc. in its acquisition of IVP Plastics LLC.

Microplastics, headquartered in Saint Charles, Illinois, is a world-class insert molding manufacturer committed to producing high volume, highly engineered electromechanical interconnections and components. Founded in 1989, the employee owned contract manufacturer specializes in complex engineering applications for the automotive, medical, and electronics industries.

IVP Plastics, founded in 1953, is a contract manufacturer that specializes in high-quality injection molds in the thermoplastics industry with locations in Washington, Illinois and St. Louis, Missouri. The Tier I supplier serves the large construction, agricultural, and foodservice industries with a world-class client base.

“This acquisition will allow us to double in size and supports our long-term growth by acquisition strategy,” stated Jim Chiavetta, President of Microplastics. “Brian Ytterberg’s professionalism was a benefit when the deal hit a bump in the road. He was always a great advisor in both strategy and tactics. We are happy to have him on our team and look forward to more deals.”

XLCS acted as the exclusive M&A advisor to Microplastics and the transaction was led by Brian Ytterberg, Managing Director. The transaction was completed on September 13, 2019.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to Innovative Components, Inc. and Componentes Innovadores Limitada in its sale to Essentra plc.

Innovative Components, headquartered in Schaumburg, Illinois, is one of the leading manufacturers and distributors in North America of knobs, pins, and handles for a broad range of end-markets. In addition to its complete line of standard plastic clamping knobs, the company has engineered a wide variety of custom knobs for specific applications that fill customer’s exact needs and specifications. The company was established in 1992 and added its Costa Rica division, Componentes Innovadores Limitada, in 2006.

The combination of Innovative Components and Essentra is highly complementary, with our companies sharing many of the same core values, competencies, and goals,” said Mike O’Connor, Innovative Components President. “I am very excited by the joining of our two companies, and I am convinced we will have a successful and profitable integration.”

Essentra plc is a United Kingdom based FTSE 250 company organized into four divisions; components solutions, packaging, filter products, and specialist components. Essentra focuses on the light manufacture and distribution of high volume, enabling components, which serve customers in a wide variety of end-markets and geographies. Essentra’s global network extends to 34 countries and includes 8,000 employees, 45 principal manufacturing facilities, 30 sales and distribution operations, and 4 research & development centers.

“As a leading provider of knobs, pins, and handles, Innovative Components both strengthens and extends our product range while adding further valuable manufacturing capacity in the Americas,” said Paul Forman, Essentra CEO.  “Innovative Components is a strong strategic fit with our own successful hardware business and another example of the attractive acquisition opportunities available to our Components division.”

XLCS acted as the exclusive M&A advisor to Innovative Components and the transaction was led by Anthony Contaldo, Partner. The transaction was completed in June 2019.

“Selling a business is a difficult process, however, XLCS Partners made the process as problem-free as is possible,” added O’Connor. “Anthony Contaldo and his team made sure that we received a strong price and that our interests were always protected.”

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally.
More information is available at www.xlcspartners.com

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to MAAS Aviation Group in its sale to Egeria. The Company’s executive management team has retained a minority interest in the Company.

Founded in 1983, MAAS is a leading specialist aircraft painting company with operations in the Netherlands, Germany and the USA. Having originally operated in Ireland at both Shannon and Dublin airports, the Company relocated to a new continental Europe base at Maastricht Airport in the Netherlands in 1988. The Company forged a very successful partnership with Airbus Group and currently operates four dedicated OEM paint shops at Airbus manufacturing facilities in Hamburg, Germany and in Mobile, Alabama. The Company also operates five additional MRO aircraft paint shops in the Netherlands and Alabama resulting in its position as a global player in the aircraft painting industry. MAAS employs 300 employees and is currently painting approximately 400 aircraft a year with plans to grow both employment and capacity over the next five years.

As well as painting commercial aircraft, MAAS has also developed expertise in the design and procurement of state-of-the-art paint shops. This capability, combined with its aircraft painting expertise, has contributed to the Company’s growth in recent years. MAAS’ paint shop infrastructure ranks amongst the best in the world.

The investment by Egeria provides MAAS with the financial backing and support to enable management to deliver further planned growth and to meet known opportunities driven by the increase in demand for aircraft painting as a result of the macro growth drivers in the global aviation sector.

“The investment by Egeria is a very positive step for the Company and provides the backing to invest in the personnel and infrastructure to support its existing operations and more importantly to deliver the Company’s future growth plans,” stated Tim Macdougald, CEO of MAAS.

Amsterdam based Egeria is an independent Dutch investment company founded in 1997, which invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria’s portfolio companies have a combined turnover of over EUR 2.3 billion and employ close to 10,000 people.

“Egeria’s excitement for growth and professionalism made them the right partner for our client,” stated Joe Contaldo, Partner and Co-Founder of XLCS. “With operations spread across four countries, this transaction further illustrates just how global the aviation sector is and how multi-national companies benefit from seeking out XLCS Partners’ international aviation and aerospace M&A expertise.”

XLCS acted as the exclusive M&A advisor to MAAS, and the transaction was led by Joe Contaldo, Partner. The transaction was announced on May 23, 2019.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally.
More information is available at www.xlcspartners.com

XLCS Partners, Inc., an independent investment banking firm providing M&A advisory services, is pleased to announce that it served as exclusive advisor to Property Registration Champions, LLC (PROCHAMPS) in its recapitalization by Post Capital Partners and the Company’s existing shareholders.

PROCHAMPS, based in Melbourne, Florida, is a full-service technology and system administrator for property registration programs across the country. Utilizing the experience of its employees and its proprietary technology, the Company partners with municipalities to assist with creating or modifying property registration ordinances, identify foreclosed and vacant properties, engage with responsible parties to fulfill registration requirements and collect registration fees. In addition, PROCHAMPS recently launched a rental property registration offering for renter occupied properties which has become an area of concern for municipalities. Through its services, PROCHAMPS provides municipalities with significantly improved property registration compliance rates and incremental revenue with no out-of-pocket cost.

Post Capital Partners is a New York City based private investment firm that makes both minority growth and control investments in businesses with repeat or recurring revenue models. Post Capital utilizes an Executive-First strategy in which it works with talented executives to proactively identify and then invest in attractive businesses together. Bob Mannarino, a 30-year veteran in the management and leadership of outsourced services companies, will join the PROCHAMPS management team as CEO. He was most recently interim CEO of GCR Incorporated, an IT and professional services company.

“From our initial phone and e-mail communications to our first face-to-face meeting, Andrew and XLCS Partners earned our confidence and trust,” said Tom Darnell, PROCHAMPS CFO. “Their obvious knowledge of, and ability to create and deliver, a ‘seller’s market’ experience were key and lucrative factors in our business decision. This was the most important deliberation my business partner and I have ever made, and the bedside manner of the XLCS designated team members only increased our comfort level and served to reinforce we had made the correct choice. Our thanks to Andrew and the entire XLCS team that led us through and supported this business process. I personally feel like new friends have been made for years to come.”

XLCS acted as the exclusive M&A advisor to PROCHAMPS, and the transaction was led by Andrew Sannes, Managing Director. The transaction was completed April 1, 2019.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally.
More information is available at www.xlcspartners.com

XLCS Partners, Inc., an independent investment banking firm providing M&A advisory services, is pleased to announce that it served as exclusive advisor to Hagerty Industrial Supply (Hagerty) in its sale to White Distribution & Supply, LLC (WDS), a portfolio company of Slate Capital Group.

Hagerty is a value-added distributor of Class C Maintenance, Repair, Operating and Production (MROP) supplies to OEMs and construction/trade contractors. The Company boasts a broad product inventory of over 20,000 SKUs. Major product categories include fasteners/hardware, tools, abrasives, safety supplies, and other industrial supplies. Services include in-plant storeroom management, bin/crib management services, and complete vendor managed inventory solutions. Hagerty also owns and manages over 50 tech-enabled vending machines within multiple customers’ plants that vend tools, safety supplies, and other products.

Hagerty operates out of five Midwest locations including headquarters in Peoria, Illinois. Hagerty Supply is a division of Hagerty Brothers Company. Founded in 1860, Hagerty Brothers Company remains locally owned and managed by fifth and sixth generation descendants of the original founder, Saul Hagerty.

Headquartered in Fairbury, Illinois, WDS is an integrated distributor of industrial supplies and MRO products for OEMs, including fasteners, adhesives, packaging, foam, poly, glass, safety, janitorial, and more. Founded in 1984, WDS provides total supply chain management and cost reduction solutions for their customers with 15 locations nationwide.

Slate Capital Group is a Baltimore, Maryland based private equity investment group that partners with lower-middle market companies. Slate Capital Group provides liquidity to business owners and growth capital to businesses for further expansion. The principals of Slate Capital Group have significant experience in both running small to mid-sized companies and investing in leveraged buyout transactions.

“We are delighted to join forces with the Hagerty team,” said Erik Ginsberg, Managing Partner of Slate Capital Group. “Hagerty has been putting their customers first since 1860, and our colleagues at WDS share their commitment to service and to excellence. We look forward to a long and successful partnership.”

XLCS acted as the exclusive M&A advisor to Hagerty and the transaction was led by Anthony Contaldo, Partner. The transaction was completed March 29, 2019.

About XLCS Partners
XLCS Partners is an investment banking firm providing advisory services to select clients globally. For 37 years we have been serving clients with our transaction knowledge, creative solutions, selfless insight, and truthful advice.