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In October 2000, MCP sponsored a recapitalization of Service
Partners, LLC, the largest distributor of residential fiberglass
insulation and related contractor accessories in North America
and a leading multi-branch insulation installer. Service Partners
has led and benefited from the shift in the insulation industry
towards specialty distribution, attributable to value-added
services which only distributors are capable of providing
to insulation contractors. Service Partners has grown rapidly,
to over $400 million of sales, due to this channel shift and
through an aggressive and disciplined acquisition strategy,
consummating 26 acquisitions since 1998. MCP’s partners
in this investment include Service Partners’ senior management
and Quad–C Management, a Virginia-based private investment
firm.
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Date of Investment: October 2000