Dallas-based Allegiance Capital has facilitated a $22 million credit facility for its client Integrated Printing Solutions. IPS is a provider of specialty print, marketing and packaging solutions to the gift, pre-paid, loyalty, credit, and healthcare card markets. The mezzanine financing will fuel organic growth and enable the company to pursue an acquisition strategy to expand its reach in the Americas and beyond.
Allegiance Capital announced today that it has facilitated for its client Integrated Printing Solutions (“IPS”) a $22 million credit facility: $10 million initial draw down and $12 million for follow on growth. Headquartered in Centennial, CO, IPS is a preeminent provider of specialty print, marketing and packaging solutions to the gift, pre-paid, loyalty, credit, and healthcare card markets. The mezzanine financing will both fuel organic growth and enable the company to pursue an acquisition strategy to expand its reach in the Americas and beyond.
“My team and I are excited to get to the next level in growth and innovation,” said Sev Spagnolie, CEO of IPS. “The Allegiance team understood my goals and found the best financial partner for us. My team worked with the folks at Allegiance and with their experience and guidance, we got it done as a team. I am very pleased with the work they did and the result of getting IPS to the next level.”
IPS is poised to drive their strategic plan and immediately act on opportunities in their marketplace only available to a company who is well capitalized. Terms of the private transaction were not disclosed.
According to John Sloan, Vice Chairman of Allegiance Capital, “The opportunities in the gift, pre-paid, loyalty, credit, and healthcare card markets are substantial, and IPS is now prepared for significant growth under this great leadership team. Their ability to continue to drive innovation as a market leader is even better secured now.”
Allegiance Capital is currently involved in several engagements in communications and technology. To view a list of current deals, visit AllCapCorp.com. For information on selling a business, call 214-217-7750.
Integrated Printing Solutions, Inc., based in Centennial, CO, is a premier provider and innovator of print, specialty marketing and packaging solutions and strategies for some of North America’s largest businesses. IPS provides solutions in card and card personalization services, gift card production, full service fulfillment, distribution and warehousing, commercial printing and direct mail, as well as print management for the healthcare, retail, advertising and prepaid card industries. IPS solutions ensure rapid deployment with significant cost savings by utilizing internal production capabilities, outsourced options and industry leading project management.
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital has won multiple awards recognizing the value it delivers to clients. Examples include: 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog. Follow Allegiance Capital on LinkedIn, Facebook, and Twitter:@ALLCAP.