Integrated Printing Solutions Gets $22 Million For Growth
Thursday, September 29, 2011
Press release from the issuing company
Allegiance Capital announced today that it has facilitated for its client Integrated Printing Solutions ("IPS") a $22 million credit facility: $10 million initial draw down and $12 million for follow on growth. Headquartered in Centennial, CO, IPS is a preeminent provider of specialty print, marketing and packaging solutions to the gift, pre-paid, loyalty, credit, and healthcare card markets. The mezzanine financing will both fuel organic growth and enable the company to pursue an acquisition strategy to expand its reach in the Americas and beyond.
"My team and I are excited to get to the next level in growth and innovation," said Sev Spagnolie, CEO of IPS. "The Allegiance team understood my goals and found the best financial partner for us. My team worked with the folks at Allegiance and with their experience and guidance, we got it done as a team. I am very pleased with the work they did and the result of getting IPS to the next level."
IPS is poised to drive their strategic plan and immediately act on opportunities in their marketplace only available to a company who is well capitalized. Terms of the private transaction were not disclosed.
According to John Sloan, Vice Chairman of Allegiance Capital, "The opportunities in the gift, pre-paid, loyalty, credit, and healthcare card markets are substantial, and IPS is now prepared for significant growth under this great leadership team. Their ability to continue to drive innovation as a market leader is even better secured now."
Allegiance Capital is currently involved in several engagements in communications and technology. To view a list of current deals, visit AllCapCorp.com. For information on selling a business, call 214-217-7750.
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