TouchPoint Print Solutions Corp., a printing company acquisition platform sponsored by Huron Capital Partners, has acquired Berman Printing. No financial terms were disclosed. Berman is a Cincinnati-based provider of sheet-fed commercial printing, dimensional packaging and fulfillment services for clients ranging in size from small businesses.
Huron Capital Partners LLC announced today that, through its holding company TouchPoint Print Solutions Corp. (“TouchPoint”), it has acquired Berman Printing (“Berman”) in partnership with Berman's management. Specific terms of the transaction were not disclosed. Headquartered in
Mr. William J. Pearson, President of Berman, stated, “We have historically been committed to enhancing our customers' businesses with offerings that support their growth. Joining the Huron/TouchPoint team enables us to realize this goal by providing our customers with additional value-added services such as data management and web-to-print. The expanded capabilities will help customers achieve economies of scale and faster order processing with true single-source shopping.”
Peter E. Mogk, a Partner at Huron, added, “We are thrilled that Berman has joined the TouchPoint family of companies. The addition of Berman's services and capabilities further expands and enhances the overall TouchPoint offering. We continue to execute our “Buy & Build” strategy and are creating an entity with multi-disciplinary print capabilities. Our market strategy is to provide customers a comprehensive array of commercial printing capabilities in the sheet-fed, web and digital print markets. The addition of Berman moves us forward toward realizing this strategy.”
Since forming TouchPoint in July 2007 with its operating partners Tom Simunek and Bob Cronin, Huron has completed three acquisitions, growing revenue to over $70 million.
About Huron Capital Partners LLC
Huron Capital is a leading private equity firm investing in lower middle- market companies. The firm typically invests between $10 million and $50 million in equity to sponsor management buyouts, growth initiatives, recapitalizations, and corporate spin-offs of well-positioned companies having revenues up to $200 million. Through its operational approach, Huron's strategy is to partner with strong management teams at niche manufacturing, specialty service, and value-added distribution companies that can be built through acquisition and organic growth.
Huron Capital manages over $600 million in equity through three private equity funds, The Huron Fund, L.P. ($72 million, vintage-2000), The Huron Fund II, L.P. ($185 million, vintage-2005), and The Huron Fund III, L.P. ($350 million, vintage-2008). Since its founding in 1999, Huron has acquired or invested in 37 companies in a variety of areas including home decor, print solutions, document management, specialty packaging, consumer products, ground passenger transportation services, specialty chemicals, medical products and services, building products, office furniture components, laboratory testing, and post-secondary education. The firm has generated top-quartile returns for its Limited Partners. With significant additional capital now in place, Huron is aggressively seeking new investment opportunities. For more information on Huron Capital, visit us at http://www.huroncapital.com/.