Thursday, January 19, 2012
Press release from the issuing company
Business and marketing communications franchisor AlphaGraphics, Inc., formerly owned by the UK-based G A Pindar & Son Ltd., has been purchased by an affiliate of Maryland-based private equity fund Blackstreet Capital Partners II. The transaction closed on January 11, 2012.
“We’re extremely excited to add the AlphaGraphics brand to our portfolio,” said Blackstreet Capital Managing Director Lawrence Berger. “This is a unique deal for our team; Blackstreet typically purchases underperforming companies. AlphaGraphics, which is healthy and profitable, does not fall into this category. The company has not only weathered some difficult economic times, but continues to lead its industry in average center sales and net center growth.”
According to Berger, a thorough examination of the Utah-based company’s business model revealed a solid vision and strategy, with franchisees and a management team qualified to execute, which is what drew Blackstreet to AlphaGraphics. “We look forward to supporting this well-positioned brand to a higher level of success through the special relationship that exists between the franchisor and its talented franchisees.”
Kevin Cushing, CEO of AlphaGraphics added, “We're grateful for the opportunity to have Blackstreet Capital as our new owners. They have the business experience and track record to help us more efficiently achieve our goal of becoming the leading provider of business and marketing communications to small- and medium-sized businesses. It's a momentous time for our AlphaGraphics Service Center team, as well as our network of nearly 280 franchise business owners. Their ownership adds stability to our future and ensures that our headquarters remain in Salt Lake City.”
AlphaGraphics business centers offer a complete range of print, visual communications and marketing products and solutions, including full-service digital, offset and large format printing; design services; mailing and one-to-one marketing services; promotional products and digital archiving.
For more information about AlphaGraphics, please contact Cassie Salt at 801-595-7254 or visit www.alphagraphics.com.