Arcapita, the Bahrain-based investment firm, on Wednesday announced that its portfolio company, MC Group, has made its second acquisition with the purchase of Coastal Signage + Wayfinding.
The transaction represents the latest step in an aggressive expansion strategy by Arcapita for MC Group, Arcapita said in a statement.
In 2017, Arcapita took a controlling interest in MC Group, the nationwide provider of signage and lighting services in the United States.
The addition of Coastal Signage + Wayfinding, a full service solutions provider based in California, broadens MC Group's suite of services further following the acquisition of Integra Service Group, which offers electrical and rollout management services.
Martin Tan, Arcapita's chief investment officer, said: "I am delighted to see MC Group continue on its positive growth trajectory. The latest investment is testament to the strength of the management team at MC Group and the opportunities that exist to expand its market share and extend its products and services offering. We are excited about the company?s prospects and committed to working alongside them to help grow the business further."For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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