Hext Capital Partners acts as Exclusive Advisor on the sale of Measurement Control Systems to Pearl Street Capital Partners
DALLAS (2023) – Hext Capital Partners, LLC is pleased to announce it recently advised Measurement Control Systems (“MCS”), a portfolio company of C3 Capital Partners II, LP (“C3”), on its sale to an investor group led by Pearl Street Capital Partners (“PSCP”), a committed capital fund backed by two family offices.
Established in 1964, Measurement Control Systems is a California-based value-add distributor and servicer supplying gas meters, process instrumentation and controls, gas regulators, water meters and various other residential, industrial and commercial flow meters to thousands of utility and industrial customers throughout the U.S. These products allow customers to accurately track and regulate gas and water usage for billing purposes and to remain compliant with governmental and industry regulations. MCS stands out for its deep technical expertise and best-in-class service, which enable it to deliver the right solutions to customers.
“It has been a privilege to oversee MCS in its growth from its position as an industrial distributor to a trusted partner to large utilities. MCS has come a long way to be able to culminate in a winning transaction for all parties involved and we appreciate everyone’s help in getting us there.” noted MCS CEO Andy Spotts.
Alex Study, a Managing Partner at Pearl Street Capital Partners added, “MCS is a fantastic business that aligns perfectly with our mandate as a long-term investor focused on growth. By partnering with Andy and the management team at MCS, we hope to expand their capabilities as they continue to add value to their utility and industrial customers.”
“MCS successfully executed their growth strategy by being thoughtful and diligent when working with their customers and suppliers,” said Jared Poland, a Principal at C3. “They developed deep knowledge and expertise in the markets in which they operate, positioning the platform for future success with their new partners, PSCP.”
Simon Martin and Gabe Trotta led the transaction for Hext Capital and stated, “We are excited for MCS to be entering the next chapter of its lifecycle. It was great working with the MCS and PSCP teams throughout the process and we wish them the best.”
Scott Herpich, Chris Martin, and Colin Martell with Polsinelli PC served as seller’s counsel on the transaction.
About Hext Capital Partners, LLC
The HCP team is based in Dallas, Texas. HCP is a FINRA registered investment bank with a specialty in helping privately held companies with revenues ranging from $20 million to $500 million through mergers and acquisitions, access capital markets, financial restructuring, and general corporate finance advisory services. HCP focuses on building long-term value for clients through unbiased advice, access to the capital markets, and expert assistance in mergers and acquisitions.
For additional information please visit www.hextfinancialgroup.com
Hext Capital Partners, LLC (“HCP”) member FINRA/SIPC is a limited purpose broker dealer that provides a limited range of brokerage and financial advisory services. HCP does not hold customer accounts, funds or securities, accept trading orders, or engage in proprietary trading or market making. HCP is engaged solely in advising companies and private equity funds on capital raising and corporate restructuring. This is not an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction.