MCS Group - TDR Capital

MCS Group, headquartered in Texas, provides property-related services to mortgage lenders and services for newly originated mortgages and for mortgages in default.

The business operates in all US states, providing title and closing, valuation, inspection, maintenance and preservation services for residential properties.

At a glance
Status: Realised
Exit Type: Financial Buyer
Deal Type: Private Sale
Sector: Business Services
Exit Date: April 2017
Initial Investment Date: March 2010
Website: www.mcs360.com

Transaction

After our 2010 acquisition of European headquartered VPS , we refocused the US division of the business encouraging the pursuit of larger, national contracts.

In 2013, we completed the transformational acquisition of MCS in the US and separated VPS US from its European parent and along with MCS it formed the larger MCS Group. The MCS acquisition was compelling given the synergies and the businesses’ complementary customer bases.

During TDR’s investment

Through an accretive buy-and-build strategy we created one of the leading businesses in the mortgage property services sector in the US.

We strategically repositioned MCS, completing three add-on acquisitions thereby creating a more diversified mortgage services business with reduced customer concentration, increased product breadth and a balanced cyclical/acyclical exposure
We grew the customer base through new contract wins and increased sales to existing customers, creating one of the leading businesses in the US property services sector
In April 2017, following a competitive process, we completed the sale of MCS Group to American Securities