Transaction Overview
- Represented Municipal and Contractors Sealing Products (“MCSP”), a founder-owned, second-generation water infrastructure services platform, on its sale to Vortex Companies, a portfolio company of Quad-C Management.
- Headquartered in Cincinnati, Ohio, MCSP is a specialized provider of trenchless repair and rehabilitation services for aging underground stormwater and sanitary sewer infrastructure.
- MCSP’s spray-applied rehabilitation capabilities span sewer and storm pipe, manholes, and culverts, delivered through both prime and subcontracted models across the eastern half of the United States.
Drivers of Interest
- Non-discretionary demand driven by the need to repair the United States’ aging underground pipeline and water collection infrastructure.
- Trenchless, spray-applied delivery that is less invasive, more versatile, and lower cost than full pipe replacement.
- Breadth of capabilities, including a product-agnostic approach and a wide range of applications spanning pipes, manholes, culverts, and tanks.
- Long-term relationships with municipal and general contractor customers, built on a history of quality work, on-time execution, and highly responsive service.
- Differentiated “flow-based” model supported by highly trained crews, best-in-class equipment, and strategic project selection and scheduling.
- Young, energetic, second-generation leadership team with a proven track record of driving organic growth.
- Attractive, high-margin financial profile with strong revenue growth.
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