MCS Announces New Ownership
MCS News

Oct 5, 2020 | News

Mortgage Contracting Services, MCS, a leading provider of specialized services to financial institutions, is pleased to announce that it has completed a recapitalization of the company. The company’s new ownership comprise an investor group led by Littlejohn & Co., LLC, Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group.

“We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering,” said MCS Chief Executive Officer Caroline Reaves. “MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry’s provider of choice.”

Weil, Gotshal & Manges LLP served as legal counsel, and Houlihan Lokey and Portage Point Partners served as financial advisors to the company in connection with the transaction. Wachtell, Lipton, Rosen & Katz served as legal counsel and MAEVA Group served as financial advisors to an ad hoc group of its existing lenders.

Media Contact

Mark Annick
Mortgage Contracting Services
Phone: 214.559.4630

About MCS

For 35 years, MCS has protected, preserved, and served communities across the nation. Some of the largest and most respected banks, lenders, and mortgage servicers, as well as real estate and insurance companies, trust MCS to perform property inspections, property preservation, REO property maintenance, property registrations, HOA, Utility Services, and other property-related services in all 50 states. MCS has a history of providing these services in a highly regulated environment, the proven ability to handle large volumes of properties, and a record of recruiting and monitoring a substantial vendor network.