Shoreview Industries Invests in MDC
Leader in Vertical Surface Design Solutions Announces Plans for Accelerated Growth and Innovation
CHICAGO (September 4, 2018) — MDC, one of the largest sources of commercial wallcoverings, digital imaging and acoustic solutions in the United States, announced today two major milestones in the company’s history: the retirement of Chairman Al Rothschild and Vice Chairman Mike Glynn, and its acquisition by ShoreView Industries, a private equity firm specializing in partnerships with family-owned and entrepreneurial companies.
“Mike and Al dedicated their careers to building MDC’s business and brand. Our entire organization cannot thank them enough for their leadership and vision,” said Gary Rothschild, President of MDC. “Our new partnership with ShoreView marks an exciting, pivotal moment for MDC. The firm’s shared values and experience with family-owned businesses will help uphold our rich history, while providing additional resources to take our product offerings to the next level.”
MDC’s Leadership, strategic direction and operations will remain unchanged. The partnership with ShoreView will bolster MDC’s already strong financial standing, allowing for significant investments in new products and customer support technologies that will fuel expansion opportunities well into the future.
“Our mission has never been stronger or clearer: to source and deliver fresh, smart, innovative design solutions that meet existing and emerging needs of our customers,” added Rothschild. “These are exciting times for our company, employees, partners and customers.”
“MDC is a longstanding leader in the commercial interiors industry,” said Brett Habstritt, a Partner at ShoreView. “We are excited to invest in the company’s future and look forward to supporting MDC’s leadership as they unlock new opportunities and achieve their growth goals.”
Foros acted as financial advisor to MDC in this transaction.
MDC, located in the suburbs of Chicago, is one of the largest sources of wallcoverings and total design solutions in the United States. The company’s nearly 50-year history is a story of acquisitions combined with the ability to provide customers with exceptional value, product selection and service. Recognized by Contract magazine readers as the top wallcovering brand in 2017, MDC offers a breadth of commercial interior design options, including vinyl, acoustic, digital and natural solutions. For more information, contact MDC at 847-437-4000 or visit mdcwall.com and connect with us on Facebook, Twitter, Pinterest, LinkedIn and Instagram.
Industries ShoreView Industries, based in Minneapolis, Minnesota, manages $900 million in private equity funds. ShoreView invests in established, family and entrepreneur-owned companies with operations in North America, across a wide range of industries. For more information, visit shoreview.com.