MCM Capital Partners Completes the sale of First Impression Ironworks to Digital Fuel Capital
Cleveland, OH, April 26, 2021 – MCM Capital Partners (“MCM”), a lower middle market private equity fund, is pleased to announce the sale of First Impression Ironworks (“FII”), a vertically integrated designer, manufacturer and installer of custom ornamental ironwork including decorative security doors, iron entry doors, gates, staircases, rails and other custom iron products.
MCM acquired FII in July of 2017 as part of its proactive search for businesses positively affected by the trends in the renovation and remodel market. Industry veteran Mark Baraghimian partnered with MCM and joined as Chief Executive Officer, alongside trusted MCM portfolio company executive Dennis Docherty as Chairman. In partnership with MCM, Mark and Dennis built out an exceptional management team, drove operational improvement, implemented a highly effective e-marketing and sales strategy and provided best in class customer service enabling the business to double in size in 3 years.
“We couldn’t be more pleased with what the FII team has accomplished during our investment,” stated Bobby Kingsbury, Managing Director at MCM Capital. “The team executed on all fronts, building a foundation for substantial long-term growth. Digital Fuel is partnering with a superb, well rounded team driven to succeed.”
Mark Baraghimian, CEO of FII, added, “First Impression Ironworks is my second partnership with MCM Capital and one that required the strength of our union. I wanted to recognize everyone at MCM Capital as a valued partner, especially Dennis Docherty who worked tirelessly alongside our management team ensuring and cheering on our success. All of us at First Impression Ironworks are very excited to be continuing our journey with Digital Fuel and will always be grateful for our experience with the MCM family.”
Angle Advisors served as the investment banker and Calfee Halter & Griswold served as counsel to FII and MCM Capital.
About MCM Capital Partners
Based in Cleveland, OH, MCM Capital is a lower middle market private equity fund focused on acquiring niche manufacturers, value-added distributors and specialty service businesses possessing significant competitive advantages and generating between $2-$8 million in EBITDA. MCM is currently investing out of its third committed fund and actively seeking additional platform and add-on acquisition opportunities.
For more on this transaction or MCM’s investment criteria, please contact Chris Hren at chris@mcmcapital.com
