Farragut Invests in Measurement Control Systems

CHEVY CHASE, MD – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in California-based Measurement Control Systems (“MCS” or the “Company”).  Farragut invested unitranche debt and equity in support of the acquisition of MCS by Pearl Street Capital Partners (“Pearl Street”). 

Founded in 1964 and headquartered in Santa Ana, California, MCS is a value-added distributor and servicer of natural 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.  MCS specializes in products that are critical infrastructure components in the natural gas and water grids which need to be maintained, replaced and upgraded over time.  The Company is a value-added partner that leverages in-house engineering and research and development capabilities to deliver complex and customized solutions to its customers.

Javier Aguirre of Farragut said of the transaction, “MCS has built tremendous momentum over the past few years based on its reputation for first-rate service and its ability to provide one-stop solutions and technical expertise for its customers’ needs.  We are delighted to partner with Pearl Street and existing management to support the continued growth of the Company.” 

Alex Study of Pearl Street added, “MCS is an excellent business with differentiated service capabilities and a long track record of delivering critical solutions to customers. We’re excited to partner with Farragut and MCS’s management team in supporting the Company’s continued growth.”

MCS joins Farragut’s growing portfolio of value-added distributors including O’Donnell Metal Deck and Graco Supply Company.  For more information on MCS, please visit www.mcsmeters.com.