TouchPoint Print Solutions, which is backed by Huron Capital Partners, has bought Ginny’s Printing. Financial terms weren’t announced. GE Antares, Citizens Bank, and NXT Capital provided senior debt financing for the transaction, while Midwest Mezzanine and Capital Point Partners provided mezzanine financing. Austin-based Ginny’s provides print and document process outsourcing services.
Huron Capital Partners LLC announced today that its portfolio company, TouchPoint Print Solutions Corp. (“TouchPoint”), has acquired Ginny’s Printing (“Ginny’s”). Headquartered in Austin, Texas and founded in 1971, Ginny’s is a leading provider of print and document process outsourcing services in the Southwest and is the 7th acquisition of TouchPoint Print Solutions, based in Chicago.
Michael Martin, President and Chief Executive Officer of Ginny’s stated, “TouchPoint brings a wealth of resources to our market, as well as a strong commitment to technology and state of the art solutions for their customers. Our team is excited to offer these solutions to our clients, and looks forward to seeing Ginny’s Printing evolve and prosper as part of the TouchPoint family of companies.”
TouchPoint CEO Tom Simunek added, “Ginny’s has an excellent reputation in document process management in the Southwest and presents an opportunity to additionally offer TouchPoint’s e-solutions, print on demand, and a new level of cost efficiency to a new market.”
Huron partnered with Simunek in 2006 to pursue a buy-and-build strategy in the digital document process outsourcing industry. The platform made its first investment in July 2007, and revenue and EBITDA have grown fivefold since that time. Peter Mogk, a Partner at Huron noted, “We continue to be pleased with the growth of TouchPoint, which is now up to 850 employees and over $125 million of pro forma revenue. TouchPoint’s industry-leading technology, advanced capabilities in digital and offset print, and national fulfillment locations have been strategically developed to support businesses’ document management needs, provide cost efficiencies, and increase ROI.”
GE Antares, Citizens Bank, and NXT Capital provided senior debt financing for the transaction, while Midwest Mezzanine and Capital Point Partners provided mezzanine financing. Honigman Miller Schwartz & Cohn served as legal counsel to Huron.
About Huron Capital Partners LLC
Huron Capital is one of the leading operationally-focused private equity firms investing in lower middle-market companies. The firm typically invests up to $70 million to sponsor buyouts, growth initiatives, corporate spin-offs and recapitalizations of niche manufacturing, specialty service, and value-added distribution companies having revenues up to $300 million. Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, capital and transaction experience with proven operating executives who have the vision, experience, and commitment to grow their businesses.
Founded in 1999, Huron has acquired or invested in 56 companies with aggregate revenues in excess of $1 billion. Investments have been made in the USA and Canada in a variety of areas, including document process outsourcing, education, healthcare products & services, specialty chemicals, specialty packaging, consumer products, home decor, passenger transportation services, building products, office furniture components and laboratory testing. Huron Capital currently manages over $600 million in committed equity through three private equity funds, and has offices based in Detroit and Toronto. The firm has consistently generated top-quartile returns for its limited partners. For more information, visit www.huroncapital.com.