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Bahrain: Arcapita reach USD100m deal to acquire interest in MC Sign Company
(MENAFN) Bahrain's global investment company Arcapita confirmed that it has obtained a controlling interest in MC Sign Company, a reportedly $100 million agreement.
Arcapita CEO Atif A Abdulmalik declared "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 continued "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."
The CEO further stated "more than 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."
Arcapita CEO Atif A Abdulmalik declared "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 continued "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."
The CEO further stated "more than 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."
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