Livingstone advises Motion & Control Enterprises on acquisition financing

  • feb. 2021
  • Industrial
  • Debt Advisory
  • US

Livingstone is pleased to announce the successful financing for Motion & Control Enterprises (“MCE” or the “Company), a portfolio company of Frontenac, to support the acquisitions of Diversified Air Systems (“DAS”) and Swanson Flo. LBC Credit Partners, Inc. (“LBC”) provided the financing.

With operations across the Mid-Atlantic and Midwest, MCE is a distributor of technical fluid power and lubrication solutions that solve customer problems across hydraulic, pneumatic, filtration and lubrication products.  The Company also provides a broad range of value-added services including design & fabrication of engineered systems, kitting, vendor managed inventory, field service, and shop repair. MCE serves customers through distribution and service centers in Pennsylvania, Wisconsin, Michigan, Illinois, and Indiana. In addition to distribution centers, the company operates 16 Parker Hannifin-branded retail stores.

“We are excited to welcome the DAS and Swanson Flo teams to MCE,” said Charles Hale, Chairman & CEO of MCE. Hale further noted that “DAS’ and Swanson Flo’s products are a natural fit with MCE’s fluid power capabilities and will position the combined business to provide a broader range of highly-engineered solutions to its consolidated customer base.”

Neal Sahney, Principal at Frontenac, commented, “We are very excited about the transactions with DAS and Swanson Flo, as well as the partnership with LBC. With the complexity of working on two significant add-on acquisitions, Livingstone provided MCE with the resources and expertise to find the right financing package and partner in LBC.”

Livingstone Partner Tom Lesch commented, “The MCE transaction is another example of our capabilities to raise acquisition financing for our clients. Our debt practice is built to provide our private equity clients the resources they need to maximize their outcomes.”

“We are excited to have advised Frontenac and MCE on this transaction and look forward to continuing the relationship. In addition, the transaction marks another successful outcome for a value-added distributor client following transactions such as the sale of Lesman Instrument Company to Kele, Ridgemont Equity Partners’ acquisition of Munch’s Supply, and the sale of Apache Hose and Belting to Motion Industries,” stated Andrew Bozzelli, Partner at Livingstone.

Share this page

Key Transaction Team

Stay up to date with our Newsletter