PrintSouth sold to Staples Advantage
Thursday, January 06, 2011
Press release from the issuing company
Charlotte, North Carolina – Anderson LeNeave & Co. announced today that it served as financial advisor to PrintSouth Corporation in its sale to Staples Advantage, the business-to-business division of Staples in December.
PrintSouth which also does business as Miami Systems is a leading national provider of high volume transactional documents used by Fortune 1000 companies to communicate to clients. Headquartered in Cincinnati, Ohio this $70,000,000 plus revenue company has manufacturing facilities in Richmond, Virginia, Jacksonville Florida and Tempe, Arizona. Distribution and sales facilities are located throughout the United States.
Earlier in the year Anderson LeNeave & Co. advised and arranged senior financing for PrintSouth. "Anderson LeNeave & Co. is a very proactive advisor who's advice and counsel though out the process was of great benefit to me" said Sam Peters, former Chairman and Owner of PrintSouth Corporation. Mr. Peters added "when the owner of a privately held company is ready to sell their business they needed a trusted confidant who provides a solid marketing strategy and aggressive execution, I couldn't be happier with the team at Anderson LeNeave & Co." Greg LeNeave, Managing Director and Founder of Anderson LeNeave & Co. said "we are excited to be able to help entrepreneurs like Sam who have bought and sold many companies themselves during their career. When Sam decided that he wanted to step away from owning the business, he turned to us because of our experience in the printing market, business services market and our practical approach. Having people on our team with not only the right financial services background but also professionals who have owned and operated companies resonates with our clients."
To post a comment Log In or Become a Member, doing so is simple and free