PrintSouth Corporation is one of the largest independently owned providers of mission critical transactional documents used by major corporations for communicating with their customers. The Company is headquartered in Cincinnati, Ohio with manufacturing facilities in Richmond, Virginia, Tempe, Arizona and Jacksonville, Florida and sales offices and distribution facilities located nationally.
Situation:
- The sole shareholder was a long time successful owner and printing industry executive, and was looking to retire while simultaneously monetizing his investment
Challenges:
- The company was coming off a challenging year resulting from the economic recession that significantly affected the printing industry
- The shareholder wished to execute a transaction prior to year end due to uncertainty regarding future tax legislation
Successful Solution:
- Anderson LeNeave contacted a focused group of strategic and financial buyers with a defined interest in the commercial printing / document management industry
- PrintSouth Corporation was sold to Staples Advantage, the Business-to-Business Division of Staples, Inc. (NASDAQ: SPLS)