I recently posted a Press Release that spoke about Alphagraphics (the "franchisor") being acquired by a private equity group, Blackstreet Capital
Here's an article that appeared on whattheythink.com, this morning, about the departure of Alphgraphics' CEO.
(Reprographers, if you are not already dialed into whatheythink.com, I would suggest that you do so, for even though the WTT web-site is mostly directed at companies involved in the printing industry, they do publish articles that are sometimes of interest to Reprographers.)
Blackstreet Capital Severs Ties with AlphaGraphics CEO Kevin Cushing
Thursday, January 26, 2012
By WhatTheyThink Staff
WhatTheyThink has learned that Blackstreet Capital, which recently acquired the AlphaGraphics franchise network, has chosen to sever its relationship with CEO Kevin Cushing, who has served in that role since 2004. Cushing also owns a couple of AlphaGraphics franchises, which he plans to continue to operate. Art Coley, formerly Vice-President of Global Development, has been promoted to interim President of AlphaGraphics.
Senior Editor Cary Sherburne spoke with former AlphaGraphics CEO this morning upon learning of his exit from the company. Cushing said, “Leading AlphaGraphics was one of the richest experiences of my life, for me and for my family. It was challenging, and I leave the role feeling that I was a genuine, authentic and forward-thinking leader. I will look back and know that I gave it 1000 % of my time talent and energy, which the results demonstrate. This was a team thing, not a Kevin thing--I was fortunate to have a great team and terrific franchisees. Every owner is entitled to run the business as they choose, and Blackstreet Capital wanted to start with a clean slate. I am in great spirits and looking forward to the next new thing… and I am taking calls!”
Sherburne adds, “I have worked with Kevin extensively over the years, and found him to be an exceptional leader, as well as a genuinely kind and caring person. I had the extreme pleasure of helping craft AlphaGraphics’ NetVision4 based on Kevin’s vision for the future, and that was an amazing experience. The fact that the AlphaGraphics network wholeheartedly embraced this challenging and dynamic path forward speaks highly of the relationship he had with the owners and their respect for him. ”
WhatTheyThink is attempting to secure a comment from AlphaGraphics headquarters and/or Blackstreet Capital.