Arcapita acquires leading US signage company for over $100 million

Atif A. Abdulmalik, Arcapita’s chief executive officer
Updated 13 January 2018
0

Arcapita acquires leading US signage company for over $100 million

Arcapita, a global investment firm, has announced that it had acquired a controlling interest in MC Sign Company for a total transaction value in excess of $100 million.
MC Sign is a leading nationwide provider of signage and lighting services in the US.
Atif A. Abdulmalik, Arcapita’s chief executive officer, commented: “We are excited to complete a US private equity transaction and pleased to partner with the management team at MC Sign to help grow the company’s suite of services and customer base.”
He added: “MC Sign is led by a very experienced team of professionals who have grown the business considerably over the past few years, and we believe the company is well positioned to acquire market share in a highly fragmented industry that is dominated by locally focused, sub-scale service providers.”
Abdulmalik said: “Over 75 percent of MC Sign’s customers are blue chip companies with national presence and, attesting to the company’s value proposition, MC Sign has averaged an industry-leading customer retention rate of 99 percent since 2012.”
Martin Tan, Arcapita’s chief investment officer, said: “MC Sign acts as a comprehensive one-stop-shop for customers, eliminating the need to manage multiple relationships with local vendors across diverse geographies. This is especially beneficial for companies with a national or regional footprint.”
Tan said: “We believe the company has significant potential to grow organically and through acquiring smaller regional service providers. Given the repeat nature of customer demand, MC Signs also benefits from a sizeable and growing recurring revenue base. We are excited to bring this opportunity to our investors and are optimistic about the company’s growth prospects.”
Founded in 1953, MC Sign provides signage and lighting services to customers across the US through a highly scalable, vendor-managed, and asset-light business model.
MC Sign has more than 275 customers, many of whom have been with the company for over a decade. 


Al-Futtaim ACE hosts Eid celebration

Updated 18 June 2018
0

Al-Futtaim ACE hosts Eid celebration

Al-Futtaim ACE in Dubai celebrated Eid with 25-75 percent off its 25,000 product lines available both in-store and online. Customers enjoyed exciting deals on a range of home, DIY, outdoor and garden products as well as on electronic goods.
A number of in-store activities, such as a henna artist, balloons, cotton candy, pop corn and face painting for kids, kept everyone entertained. The Al-Futtaim ACE Eid Extravaganza ran from June 14-17.
Customers also took advantage of the recently launched “Price Match Protection,” which matches prices of branded products available at Al-Futtaim ACE to prices for the exact same make, model and specifications of products in the market, including at online retailers.
Al-Futtaim ACE stores offer over 33,000 great products of world-class brands such as WILKO, Karcher, Black & Decker, Makita, Clark + Kensington, Weber, Gardena and Leisuregrow.