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The Open Approach Facilitates Sale of Printegra to Cenveo

Tuesday, July 24, 2007

Press release from the issuing company

WESTMONT, IL (July 1, 2007) — Print industry consultant and M&A specialist The Open Approach is adding another notch to its belt, having served as facilitator in the sale of Printegra/NIC to Cenveo—a high-profile acquisition that significantly expands Cenveo’s capabilities. The transaction represents the culmination of a full investment cycle the consultant managed on behalf of Huron Capital Partners.
Prior to the Cenveo deal, The Open Approach brokered the 2005 recapitalization of Printegra to Huron, providing the Peachtree City, GA-based printer funding to strengthen its position in the thriving, short-run print sector. This was followed by a series of pivotal acquisitions for Huron that diversified company offerings into envelopes and other segments while driving notable increases in revenue and profitability. Such activities were key in drawing interest and finalizing terms with Cenveo, a $1.75 billion operation and the 7th largest printer nationwide.
The deal enables Cenveo to respond to its large customers’ short-run envelope and other needs, and both companies to tap new revenue streams from cross-selling opportunities. It also provides for a lucrative investment exit for Huron, allowing it to returning significant gains to shareholders.
“The Open Approach was pivotal in this venture,” expressed Peter Mogk, Partner of Huron Capital. “Their expertise in the acquisitions, restructuring, and exit strategy made this the most rewarding investment possible in this market space.”
“As past executives of graphic arts operations ourselves, we are very committed to the long-term growth of our industry,” noted Ron Seavey, Managing Partner and co-founder of The Open Approach. “In every transaction, it’s important that all parties benefit—enriched by the deal in growth, financial return, and satisfaction. We are proud to be known for this philosophy and continually sought out as a partner to both print players and private equity investors.”
The Open Approach is a leading consultancy/M&A firm that operates exclusively in the graphic arts industry. Comprised of former print CEOs, COOs, and sales leaders, the firm spearheads initiatives that drive company growth and profitability. Consulting services include corporate positioning, strategic direction, mergers and acquisitions, value enhancement, alliance opportunities, and sales and marketing assistance. It has been named as the exclusive M&A recommended agent of Printing Industries of America. The firm is based in Westmont, Illinois.
For more information about The Open Approach, call Ron Seavey or Bob Cronin at 630-323-9700, email: Ron Seavey at norscv@aol.com or Bob Cronin at ninorcb@aol.com, or visit www.theopenapproach.net.




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