WJ Partners Exits Investment In Mobile Communications America
Successful Six-Year Growth Partnership Concludes with Sale to Sentinel Capital Partners
SPARTANBURG, S.C.– (March 4, 2019) – WJ Partners, a Spartanburg, South Carolina-based private investment firm focused on growing lower middle-market companies, today announced it has sold its interest in Mobile Communications America (MCA) to Sentinel Capital Partners. Terms of the transaction were not disclosed.
Since being acquired by WJ Partners in 2013, MCA has completed 16 add-on acquisitions and grown from a small business with 75 employees across four service locations into a leading provider of communications solutions and services for mission-critical, commercial and industrial markets. MCA is now the largest service provider for Motorola Solutions in the U.S., with more than 500 employees across 41 service locations in seven states.
Since its investment in 2013, WJ Partners strengthened MCA’s leadership team, provided support for acquisitions, and helped develop the company’s growth strategy. Executive Chairman Mark Blackman and CEO Vince Foody, the executive team installed by WJ Partners, will continue to lead the company.
“We are extremely pleased with the success Mark and Vince have achieved for MCA over the past six years as they built an outstanding team, established a culture of growth, and completed 16 acquisitions,” said Benjamin Wall, co-founder and managing partner of WJ Partners. “We are confident MCA has found a great new partner that will help the company build on the solid foundation it has created. We wish the MCA team and Sentinel Capital Partners continued success.”
“WJ Partners has been an ideal fit for MCA, providing the capital and operational expertise to achieve sustainable growth organically and through acquisition, and allowing management to focus on the long-term success of the company,” said Blackman. “We look forward to working with Sentinel Capital Partners as we continue to execute on our strategy.”
“The WJ team’s respectful, collaborative partnership approach has contributed significantly to MCA’s success,” said Foody. “WJ Partners helped us build a culture based on similar values that allowed MCA to smoothly integrate all of the businesses that have fueled our success.”
BlackArch Partners served as financial advisor to WJ Partners on the transaction. McGuireWoods provided legal counsel.
ABOUT WJ PARTNERS
Founded in 2008, WJ Partners is a private investment firm focused on building lower-middle market companies in the consumer, specialty finance, and industrial and business services sectors. WJ Partners takes a long-term approach to investing due to its permanent capital source. The firm’s mission is to create value by providing financial, strategic and management resources to capture growth opportunities and operational efficiencies. WJ Partners’ team has an extensive track record investing in and building lower middle-market companies over the past 30 years, including such organizations as Pure Barre, Mobile Communications America, and Eggs Up Grill.
ABOUT MOBILE COMMUNICATIONS AMERICA
Mobile Communications America (MCA) is the leading provider of lifecycle communication solutions that enhance safety, security, and operating efficiency. MCA designs, deploys, and manages the complete communication solutions lifecycle for government agencies, public safety organizations, first responders, military, public services, utilities, and manufacturers.