Heritage Capital Group is pleased to announce that its client, MDM Commercial Enterprises, has been acquired by Exertis Almo, a wholly owned subsidiary of DCC Technology. The acquisition, which closed in April 2024, was the fourth international transaction that Heritage closed within a five-week period.
Founded in 1990, MDM is the largest dealer of LG commercial products in the U.S. and specializes in providing B2B technology solutions to lodging, healthcare, and other commercial facilities. With three decades of experience and strong relationships, MDM offers competitive pricing, top-notch customer service, and seamless project support. Its inventory includes healthcare and hospitality products, supported by consulting, installation, and customer support, along with flexible payment options and lease agreements.
DCC is one of the world’s leading technology distributors of consumer, business, and enterprise products from pioneering technology brands, playing an integral role in supplying the world with cutting-edge tech. For over 40 years, DCC has distributed everything from AV solutions to AI-powered smart tech. Its parent company is headquartered in Ireland and is a leading international sales, marketing, and support services group, supplying products and services used by millions of people every day.
“I want to thank Heritage for their expert guidance and professionalism throughout this process,” remarked Steve Austin, CEO and founder of MDM. “The deal team’s meticulous level of detail and negotiation prowess were impressive. I recommend them without hesitation.” Austin continued, “It has been a tremendous journey to build MDM side-by-side with a talented team into a leader in hospitality and healthcare for 34 years. I also want to thank the Exertis Almo and DCC plc executive teams. I am excited to see how the addition of MDM to the Exertis Almo and DCC group will help provide an even more exceptional level of service to the hospitality and healthcare industries.”
The deal team included Joe Hawkins, Don Wiggins, Howard Serkin, and Robert Cilek. The terms of the transaction were not disclosed.
