has merged with

Duff & Phelps' Diversified Industrials M&A Team Advised Icon Identity Solutions on its Merger with MC Group

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In August 2019, Icon Identity Solutions, Inc., a portfolio company of Merit Capital Partners and one of the largest brand implementation companies in the United States, and MC Group, a portfolio company of Arcapita and one of the largest national providers of signage, lighting, electrical, and energy management solutions, announced that they have merged to form one of the largest and most well-rounded organizations in the industry.

Duff & Phelps served as the exclusive financial advisor to Icon Identity Solutions, Inc. in connection with the transaction.

About Icon
Icon is one of the nation’s largest brand implementation companies, specializing in full-service signage manufacturing and installation services, sign and lighting maintenance services, specialty services and commercial retail construction solutions.

About Merit Capital Partners
Merit Capital Partners has managed approximately $2.0 billion of capital since 1993 through six institutionally-sponsored limited partnerships investing mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries. The firm focuses exclusively on high-quality, established businesses with carefully conceived operating strategies with a goal of working with committed owners and strong managers to help increase a company's enterprise value.

About MC Group
MC Group is one of the largest national providers of signage, lighting, electrical, and energy management solutions. Complete brand management services include program management, installation, repair, maintenance, energy saving retrofits, rollouts, and more.

About Arcapita
Arcapita is a global Shari’ah compliant alternative investment manager, with offices in Bahrain, Atlanta, London and Singapore. Arcapita’s principal lines of business are private equity and real estate, and its management has a 20-year track record of over 80 investments with total transaction value in excess of $30 billion.

Legal Advisors
Reinhart Boerner Van Deuren S.C. served as legal advisor to Icon. 
King & Spalding LLP served as legal advisor to MC Group.

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