Mazzone advises MGroup on its recapitalization with Source Capital
December 2024 Mazzone & Associates (“Mazzone”), a leading investment bank and M&A advisory firm, is pleased to announce that it acted as exclusive financial advisor to the executive team of MFLGH, Inc. (“MGroup” or the “Company”) with respect to the Company’s recapitalization with Source Capital (“Source”). The transaction ensured that the company’s strategic direction remains in the hands of its experienced leadership while providing liquidity to the founders.
Founded in the early-2000’s and headquartered in LaGrange, GA., MGroup™ is a leading brand and provider of building products and solutions in the hospitality, multi-family, student housing and other multi-unit end markets. The Company maintains a broad, unique portfolio of building products and materials for both renovation and new build projects, including shower pans, shower doors, shower surrounds & accessories, custom cabinetry, Ultracera® countertops, sinks, and flooring.
Bo Burdette, CEO of MGroup™, highlighted: “This deal was a significant milestone for our company. Stuart and the Mazzone team played a pivotal role in shepherding the deal through every stage, including structuring the transaction, securing a capital partner, negotiating terms, expediting diligence and facilitating a successful closing. Their understanding of our products and end markets, coupled with their hands-on approach, made all the difference. Our new structure allows us to build on the strong foundation laid by our founders and continue delivering exceptional value to our customers and employees.”
Dave and Patti Murray, who have played pivotal roles in shaping MGroup™’s foundation and growth, expressed their confidence in the new ownership team. “We are incredibly proud of what we have built with MGroup™ and are thrilled to see the company’s future in the capable hands of Bo, Drew, and Scott.”
“We are extremely proud to have played an integral role in this transaction, which underscores our industry and expertise in executing complex transactions,” noted Stuart Sanford, Director at Mazzone. “This deal not only reflects the strong market position of MGroup™ but also highlights the commitment of the executive team to its future. Our team is thrilled to have supported such a dynamic transition.”
Joe Rodgers, Managing Director at Source Capital highlighted “we loved working with Stuart Sanford at Mazzone and Bo to get this over the finish line and are excited to partner with Bo and the other executive team members. MGroup™ has an impressive track record of providing best-in-class products and services to its growing customer base, and we look forward to supporting MGroup™ in this next chapter.”
Williams Business Law served as legal advisor on the transaction.
Founded in the early-2000’s and headquartered in LaGrange, GA., MGroup™ is a leading brand and provider of building products and solutions in the hospitality, multi-family, student housing, and other multi-unit end markets. The Company maintains a broad, unique portfolio of building products and materials for both renovation and new build projects, including shower pans, shower doors, shower surrounds & accessories, custom cabinetry, Ultracera® countertops, sinks, and flooring. Known for its commitment to quality, innovation, sustainability and customer satisfaction, MGroup™ continues to set benchmarks in the Hospitality and Multi-Unit end markets. For more information about MGroup™ and its offerings, please visit www.mgroupcorp.com
Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.
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