During our 47 years in business, MCRC has invested more than $800 million in 360 companies. We invest in a wide range of industries and have highlighted a few of our portfolio companies in this section.
Founded in 2011 by several footwear industry experts, OOFOS designs, distributes, and sells active recovery footwear. OOFOS is a leader in this new footwear category. The OOFOS footwear is made from a special foam which provides 37% more cushion than a running shoe to recharge your body and reduce stress on your feet and joints. Headquartered in Braintree, MA, the proceeds of MCRC’s investment are funding continued sales growth.
Founded by Harvard research scientist Francesco Pompei, PhD., Exergen Corporation is the recognized world leader in industrial and medical non-invasive temperature technology. Exergen creates non-invasive temperature measurement devices providing lower cost, higher accuracy, less invasiveness, and greater reliability than ever previously possible….
Worcester Air specializes in sheet metal fabrication and installation for commercial and industrial construction projects. With over 50 years of experience, the Company brings together the most competent and qualified team for every project. Worcester Air delivers results that meet the strictest quality standards- on-budget and on-schedule. The team designs and fabricates in a fully-automated 30,000 square foot production facility….
Polar Beverages, the country’s largest independent soft-drink bottler, is a fourth-generation, family-owned business that traces its roots back to 1882. Its proprietary brands “Polar” and “Adirondack” include over fifty flavors of seltzers, diets, traditional soft drinks and teas. In addition to its own brands, Polar has the franchise rights to manufacture and distribute many other brands including Snapple, Nantucket Nectars, Monster Energy, Seven-Up, A&W and Sunkist. Polar is also the leading private-label bottler serving virtually all the major supermarket chains in the Northeast. MCRC has invested in excess of $14 million in Polar in four separate transactions to support growth in working capital, the acquisition of Adirondack Beverages and the repurchase of stock from retiring family shareholders.
Founded by Harvard research scientist Francesco Pompei, PhD., Exergen Corporation is the recognized world leader in industrial and medical non-invasive temperature technology. Exergen creates non-invasive temperature measurement devices providing lower cost, higher accuracy, less invasiveness, and greater reliability than ever previously possible. The Company created the first temporal artery thermometer – the Temporal Scanner ™, the most efficacious, non-invasive thermometer that takes a temperature in just two seconds. The Temporal Scanner gauges body temperature by capturing the naturally emitted heat from skin over the temporal artery, which runs across the forehead and is directly connected to the heart via the carotid artery. Exergen holds over 100 U.S. and foreign patents, and is the only manufacturer of retail medical thermometers in the U.S. Presently, 30% of hospitals and pediatricians use the Exergen TemporalScanner, and well over 1 million consumers use one at home. MCRC has supported the rapid growth of the business with 3 separate investments.
Seaman Paper is a privately owned paper manufacturer headquartered in Gardner, Mass. The Company originated in 1945 when the Chicago-based Seaman family purchased a small mill in Otter River, MA. The mill was spun off by the parent company in 1984 and is now owned by the Jones family. Under the Jones’ management the mill has continuously been upgraded. With the addition of converting and printing capabilities, Seaman was able to develop its branded Satin Wrap line of retail packaging tissue which is sold to specialty retailers like Ann Taylor, Talbot’s, Banana Republic and J. Crew; a line of private label gift tissue, serving Hallmark, American Greetings, Costco and Dollar Tree Stores; and a line of industrial tissue products serving the floral, arts and crafts, footwear and produce industries. Seaman is also the largest crepe streamer manufacturer in the United States. MCRC provided Seaman with long term debt to support a synergistic acquisition and to assist with the Company’s energy conversion from oil to wood-fired boilers.
Founded in 1990, wTe recycles scrap iron, copper, aluminum and other metals for sale to domestic and international steel mills. wTe operates state-of-the-art processing equipment, including a high-speed hammermill auto shredder, downstream eddy current separators and other high speed metals sorting equipment to produce high value steel and non-ferrous metal products. wTe is one of only four major shredder operators in the New England market and has a long track record of success in the business.
Demand Science is a global buyer intelligence platform that accelerates demand generation for the world’s largest software, technology, and B2B companies. Leveraging decades of experience in B2B market intelligence, analytics, content trends, and predictive intent, Demand Science delivers healthy data and prioritized buyer insights that align sales and marketing professionals with more qualified audiences through its PureB2B, Klarity, Internal Results, Leadiro, Tidings, and BIOMES brands.
Tri-Wire, a 100% employee owned company, is a leading provider of installation, maintenance and other technical support services to the cable and telecommunications industries. The company has over 900 employees situated across twelve states, in metropolitan areas including Phoenix, Memphis, Baltimore, Philadelphia, New York and New England. MCRC’s subordinated note investment helped finance the ESOP’s purchase from the founder and CEO.
AspenTech is the world’s leading supplier of software that optimizes process manufacturing. From its MIT and U.S. Department of Energy roots in the early 1980s, to the groundbreaking release of aspenONE V7 in 2008, AspenTech has been at the forefront of innovation in the process industries. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing, and supply chains. As a result, AspenTech customers are better able to achieve their operational excellence goals — increasing capacity, improving margins, reducing costs, and becoming more energy efficient. Today, AspenTech solutions are used by virtually every leading company in the process manufacturing industry. Over 75,000 users at over 1,500 companies rely on AspenTech. For over 25 years, AspenTech customers have achieved hundreds of millions in dollars in cost savings and performance improvements. MCRC made three investments in Aspen Tech to support the company at various stages of its development.
Pure Incubation creates, nurtures and launches marketing technology that drive sales growth for businesses across a variety of industries. Leveraging decades of experience in B2B demand generation and content marketing, Pure Incubation builds profitable subsidiaries by combining established and emerging technologies to create innovative services that deliver business value. Pure Incubation has launched multiple entities – MedData Group, PureB2B, Prospect One and Demand Science. The company, based in Topsfield, MA, is continually developing new strategies and technologies to amplify the marketing capabilities of the world’s leading businesses. For four consecutive years, Pure Incubation has been recognized on the Inc. 5000 list for fastest-growing small and mid-size companies in the US. Pure Incubation was also recognized by the Boston Business Journal on their Fast 50 list in 2017. MCRC provided growth capital to fund the expansion of the company’s technology and service offerings.
