09/25/2019
Citizens Capital Markets’ Bowstring advises MC Group on its acquisition of Icon Identity Solutions
PROVIDENCE, RI – Bowstring Advisors, a division of Citizens Capital Markets, served as the exclusive financial advisor to MC Group, a portfolio company of Arcapita, a global investment firm, on its acquisition of Icon Identity Solutions, a portfolio company of Merit Capital Partners.
MC Group is a provider of signage, lighting, electrical and brand management services. Icon is one of the nation’s largest brand implementation companies, specializing in signage manufacturing and installation, sign and lighting maintenance, specialty services and commercial retail construction solutions.
Tim Eippert, CEO of MC Group, said: “As we continue to grow, it’s increasingly important for us to partner with supportive and dedicated partners who understand our business model. MC Group is a diversified, asset-light facility services company with signage and branding at its core. The team at Bowstring and their expertise in facility services was a perfect fit.”
“Over the last three years, MC Group has leveraged its unique asset-light model and established itself as the leading brand implementation business in the industry,” said Jason Wallace, Managing Director at Bowstring. “The company’s most recent acquisition further broadens its capabilities and is a testament to the strength of the management team. Bowstring’s relationship with MC Group began with its recapitalization by Arcapita in 2017, and we value the trust they continue to place in our team.”
Citizens Capital Markets, Inc. provides merger and acquisition, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. Citizens delivers thoughtful advice, keen market insight and superior execution to clients, both nationally and internationally. Citizens’ managing directors average nearly 30 years of experience and have directly executed more than 1,000 transactions throughout their careers.
For more information, please go to the Citizens Commercial Banking M&A Advisory Services website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $162.7 billion in assets as of June 30, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
