CLEVELAND and DALLAS, December 4, 2024 | Align Capital Partners (“ACP”) is pleased to announce the acquisition of MKB Company (“MKB” or the “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.
Disclosures: This press release is not an offer to sell securities or interests in any fund managed by ACP. The statements quoted above were made by persons who are not clients of ACP and they have not received compensation for the above statements. These statements are solely their opinion and representative of their experience with ACP.