CLEVELAND & DALLAS–(BUSINESS WIRE)–Align Capital Partners is pleased to announce the acquisition of MKB Company, a manufacturer of erosion control, pollution prevention and stormwater management products utilized across applications to comply with federal and state environmental regulations. The Company produces compost filter socks, erosion control blankets and other environmental products at 17 facilities in 14 states.
MKB was established in 2012 through a strategic investment in MAZCON by the Kurtz Brothers, a family-owned business based in the Cleveland area. Today, MKB operates on a stand-alone basis with a team of over 220 employees dedicated to providing customers with exceptional products through innovation, dedicated logistics and world class customer service.
“The partnership with ACP marks an exciting new chapter for MKB. We were fortunate to find a local partner with experience providing companies of our size with the growth resources necessary for continued brand expansion,” said President and Chief Revenue Officer Rob Misso. “I am also incredibly grateful for the strategic vision and support of Tom Kurtz and our prior investors who placed their faith in this leadership team.”
MKB has become a preferred partner to many of the large construction supply distributors due to its geographic coverage, product depth, quality, lead times and overall value. “The capital support and operating resources of ACP will help MKB better serve our customers on a national basis,” said CEO Rick Costello. “We believe this partnership will create significant value for our customers, employees and key stakeholders.”
“We’re excited to back a team that has already done a terrific job scaling the Company through key organic growth initiatives and the completion of four add-on acquisitions. MKB’s history of successful acquisitions, strong distribution relationships and regulatory demand drivers position the Company well for continued growth,” added ACP Partner Matt Beesley.
Together with management, ACP will pursue continued M&A across erosion control, sediment control, pollutant removal and stormwater management products. Chris Jones, Ross Fuller, Andrew Foster and Ryan Schmidt worked alongside Mr. Beesley on the transaction. Align Capital Partners was advised by Calfee, Halter & Griswold LLP and MKB was advised by McCarthy, Lebit, Crystal & Liffman Co, LPA.
About MKB Company
MKB Company is a leading provider of products and services in the environmental control market. The Company’s products are used in perimeter control, sediment management, erosion control and pollution control markets. As a growing industry partner committed to excellence in customer satisfaction, MKB manufactures innovative products and solutions that allow contractors and distributors to serve customers looking for better environmental outcomes. For more information, visit mkbcompany.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $1.7 billion in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors. For more information, visit aligncp.com.
