VPS and MCS Announce New Ownership

The MCS Companies recapitalize balance sheet through substantial reduction in debt, obtaining new long-term financing to facilitate growth, executing strategy as high-quality service provider to banks, municipalities, insurance companies, property managers and retail companies

LEWISVILLE, Texas, Oct 05, 2020 -

VPS, an innovator in securing, maintaining and managing vacant properties is pleased to announce that it has completed a recapitalization of the MCS companies. The companys new ownership comprise of an investor group led by Littlejohn & Co., LLC, Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group. “

We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering,” said VPS Chief Executive Officer Caroline Reaves. “MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry’s provider of choice.”

Weil, Gotshal & Manges LLP served as legal counsel, and Houlihan Lokey and Portage Point Partners served as financial advisors to the company in connection with the transaction. Wachtell, Lipton, Rosen & Katz served as legal counsel and MAEVA Group served as financial advisors to an ad hoc group of its existing lenders.

About VPS

VPS, an innovator in securing, maintaining and managing vacant properties is a trusted partner to a wide range of customers throughout various industries. Since 1993, their innovative suite of steel security, wireless monitoring products and maintenance services have allowed their customers to protect , preserve, and maintain their properties against unauthorized access and neglect, while retaining their property’s value. For more information, please visit www.VPS360.com.

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