The National Association for Printing Leadership (NAPL) has announced that Mount Royal Printing, Inc. (“Mount Royal”) in Baltimore, Md., has merged with Fannon Color Printing, LLC, dba Fannon Fine Printing (“Fannon”) located in Alexandria, Va. Daniel Fannon, who was Chief Executive Officer at Fannon, will lead the sales effort and become a senior staff person at Mount Royal.
NAPL, serving as Mount Royal’s strategic M&A advisor, counseled on the transaction price and structure and prepared the letter of intent for the transaction. Senior Vice President John Hyde, head of NAPL’s Mergers and Acquisitions Advisory Team, stated, “The transaction reinforces the importance for serious acquirers such as Mount Royal to get the word out that they are a good home for those seeking transition from ownership. The reputation of Mount Royal’s President and Owner Gary Cayce was instrumental in having Fannon reach out to him when the timing was right.”
As he continues to execute his M&A growth strategy, Cayce stated, “We are utilizing strategic acquisitions to expand into different markets to strengthen our company’s position. The acquisitions have provided Mount Royal with the growth that we’ve been looking for.
“We could not have done this on our own,” he continued. “NAPL has proven to be a fantastic partner for us. In the transaction with Fannon Fine Printing we will be gaining a company with deep roots in the Virginia market. We will be able to offer greater capacities to its customers, which should be a win-win for all.”
Mount Royal Printing is a third-generation owner-operated commercial printing company serving the Baltimore-Washington area. Reflecting a growing trend toward consolidation in the commercial printing industry, Mount Royal acquired Jarboe Printing Company in 2009.
Fannon Fine Printing, also a family-owned business, is a complete source of business communications for its customers. With deep roots in the community, Fannon has evolved as a diversely skilled, fast-moving team of professionals ready to meet whatever challenges its clients may face.