Huron Capital Advances Print Consolidation Strategy With Third Transaction
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Huron Acquires Berman Printing Through TouchPoint Print Solutions Corp.
DETROIT, March 31 /PRNewswire/ -- Huron Capital Partners LLC announced
today that, through its holding company TouchPoint Print Solutions Corp.
("TouchPoint"), it has acquired Berman Printing ("Berman") in partnership with
Berman's management. Specific terms of the transaction were not disclosed.
Headquartered in Cincinnati, OH, Berman is a leading provider of sheet-fed
commercial printing, dimensional packaging and fulfillment services for
clients ranging in size from small businesses to Fortune 100 companies. To
date, Huron has committed $37 million in equity to its TouchPoint platform and
is focused on building a full-service printing and document management
business providing customers with solutions in web-based, sheet-fed and
digital printing media. The transaction marks the third transaction closed by
Huron during the first quarter of 2008.
Mr. William J. Pearson, President of Berman, stated, "We have historically
been committed to enhancing our customers' businesses with offerings that
support their growth. Joining the Huron/TouchPoint team enables us to realize
this goal by providing our customers with additional value-added services such
as data management and web-to-print. The expanded capabilities will help
customers achieve economies of scale and faster order processing with true
single-source shopping."
Peter E. Mogk, a Partner at Huron, added, "We are thrilled that Berman has
joined the TouchPoint family of companies. The addition of Berman's services
and capabilities further expands and enhances the overall TouchPoint offering.
We continue to execute our "Buy & Build" strategy and are creating an entity
with multi-disciplinary print capabilities. Our market strategy is to provide
customers a comprehensive array of commercial printing capabilities in the
sheet-fed, web and digital print markets. The addition of Berman moves us
forward toward realizing this strategy."
Since forming TouchPoint in July 2007 with its operating partners Tom
Simunek and Bob Cronin, Huron has completed three acquisitions, growing
revenue to over $70 million.
About Huron Capital Partners LLC
Huron Capital is a leading private equity firm investing in lower middle-
market companies. The firm typically invests between $10 million and $50
million in equity to sponsor management buyouts, growth initiatives,
recapitalizations, and corporate spin-offs of well-positioned companies having
revenues up to $200 million. Through its operational approach, Huron's
strategy is to partner with strong management teams at niche manufacturing,
specialty service, and value-added distribution companies that can be built
through acquisition and organic growth.
Huron Capital manages over $600 million in equity through three private
equity funds, The Huron Fund, L.P. ($72 million, vintage-2000), The Huron Fund
II, L.P. ($185 million, vintage-2005), and The Huron Fund III, L.P. ($350
million, vintage-2008). Since its founding in 1999, Huron has acquired or
invested in 37 companies in a variety of areas including home decor, print
solutions, document management, specialty packaging, consumer products, ground
passenger transportation services, specialty chemicals, medical products and
services, building products, office furniture components, laboratory testing,
and post-secondary education. The firm has generated top-quartile returns for
its Limited Partners. With significant additional capital now in place, Huron
is aggressively seeking new investment opportunities. For more information on
Huron Capital, visit us at http://www.huroncapital.com.
SOURCE Huron Capital Partners
Peter E. Mogk, Partner of Huron Capital Partners, +1-313-962-5803,
pmogk@huroncapital.com
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