Wafra Partners’ portfolio company Microdynamics Group just announced that it has completed the acquisition of PPS Business Corporation, or ProSORT Services, a provider of mail presort services for First-Class and Standard Class mail in the Chicagoland area.
Microdynamics Group (“Microdynamics”) announced that it has completed the acquisition of PPS Business Corporation (doing business as ProSORT Services – www.prosort.com).
“Together, Microdynamics’ and ProSORT’s cutting-edge technologies and innovative processes will help ensure continuously improved quality, efficiency, and savings for our customers.”
Founded in 1983, ProSORT Services (“ProSORT”) is a leading provider of mail presort services for First-Class and Standard Class mail in the Chicagoland area. Clients are offered a variety of solutions from guaranteed per-piece pricing to tailored presort mail solutions. With state-of-the-art systems, skilled professionals, and a strong “can do” attitude, ProSORT processes nearly 300 million pieces of mail annually. ProSORT serves a wide range of First Class and Standard Mail customers in such industries as banking and financial services, insurance, energy, healthcare, education, printing/mailing, and advertising.
ProSORT is fully IMB (Intelligent Mail Barcode) compliant which allows ProSORT to track individual mail pieces throughout the mailing process. ProSORT has an expansive 55,000 sq. foot facility in Burr Ridge, Illinois equipped with a 48 camera, high-tech security system and a physical security staff. The United States Postal Service has an on-site facility at ProSORT.
“The acquisition of ProSORT allows Microdynamics to maintain tighter control of the mail we process, which in turn allows for higher security, quicker mail delivery, and lower mailing costs,” commented Tom Harter, Sr., CEO of Microdynamics Group. “Together, Microdynamics’ and ProSORT’s cutting-edge technologies and innovative processes will help ensure continuously improved quality, efficiency, and savings for our customers.”
Microdynamics (www.microdg.com), a portfolio investment of Wafra Partners LLC, is a leading provider of printed and electronic billing solutions. Microdynamics provides one source, turnkey solutions for the printing, mailing, and electronic delivery of invoices, bills and statements. The Company’s ability to improve turnaround times, create detailed color material and improve efficiencies for its customers has made the Company a vital business partner for many well known Fortune 500 companies as well as for a diverse group of regional, consumer-focused financial institutions. Wafra is a middle market private equity group based in New York City. Wafra (www.wafrapartners.com) invests in companies with revenues between $20 million and $150 million in a variety of industries, including consumer products, business services and niche manufacturing.