Jim Cohen Executive Vice President Mergers & Acquisitions at Consolidated Graphics passed along a recent article he wrote on the benefits of selling your company to Consolidated Graphics. Mr. Cohen's article can be download here (PDF).
In the article Mr. Cohen provides ten reasons why Consolidated Graphics is the buyer of choice if you are a seller of a commercial printing business. The list ranges from strong financials and M&A experience to their philosophy of decentralized operations while helping administrative burdens (risk management, human resources, tax, legal, treasury and IT) to training and personal development.
These benefits are contrasted with selling to private equity firms and other financial buyers who may look at a purchase as an investment to flip when the return is right. Often times these types of investors may prohibit capital expenditures and other investments required to renew your business that they may conflict with their short term investment goals.
As I read through the article I found it interesting that CGX was still aggressive in M&A. As Mr. Cohen noted in his closing, "it should be no surprise that we expect the pace of merger and acquisitions to continue, and I am hopeful to be writing another article 18 months from now describing another group of great companies."