KCIC is proud to have assisted MES Intermediate, Inc. (MES) in connection with its recently announced transaction addressing alleged legacy PFAS-related liabilities. 

As announced in MES’s press release on January 9, 2026, the company completed a permanent divestiture of certain non-operating subsidiaries holding legacy product liability claims to Mustang ES Holdings, LLC; an affiliate of a third-party liability management firm. The transaction provides a comprehensive and durable solution for managing alleged PFAS-related matters, while allowing MES to remain focused on its core mission of supplying critical safety equipment to at-risk workers. You can read the full press release here. 

KCIC provided financial analysis and advisory support in connection with the transaction; one of many examples of divisive mergers and disaffiliation restructurings that KCIC has supported over the years. These solutions can offer an efficient alternative to traditional restructuring paths, including Chapter 11 proceedings, which can carry significant cost and operational risks. 

KCIC looks forward to continuing to provide claims administration services to the new owners as they assume responsibility for managing and resolving these legacy matters. We are grateful for the opportunity to work alongside MES on this important transaction and appreciate their trust in our team.