Jim Russell with New Direction Partners on the benefits of the company doing a "tuck in" acquisition
Published on March 15, 2010
I'm Jim Russell, a partner with New Direction Partners and I wanted to talk today a little bit about the benefits that accrue to the person that's doing the talking or the company doing the talking. We recently closed a deal, two similar sized companies that came together; first and foremost, a lot of people always realize their savings in space. These two companies were able to combine into about 60 percent of the space that they were in as separate companies, so they had immediate savings in rent. In addition, they went through and kept the best of the employees that they had between the two companies. Were able to kind of cherry pick who was the best leaders, the best managers among the companies, who were the best pressman, the best pre-press operators.
In addition, they did similar with the equipment: they kept the best equipment and were able to sell off the excess equipment to generate cash and pay down debt.
From the buyer’s perspective, he was able to do this deal with no cash at closing. So it worked out very well. Grew their sales about 40 percent and were very profitable from the second month after the merger was completed.
If You Were a Printer, You'd Be Home By Now
Published: April 20, 2018
Those wonderful old buildings that housed printing and typesetting companies in the downtown areas of many cities are now being converted into condos and apartments. From Boston to New York to Chicago, those iconic buildings are becoming someone’s home.
The Evolution of Dscoop
Published: April 19, 2018
Jon Bailey, CEO of UK-based Proco and Dscoop board member, talks about the evolution of Dscoop from a US event to a series of worldwide events and now an online community via the new Dscoop.com platform.
King Printing's Approach to Book Manufacturing with Production Inkjet
Published: April 18, 2018
Elizabeth Gooding talks with Martin Aalsma, VP at King Printing. King Printing was an early adopter of production inkjet for book manufacturing. Aalsma talks about building efficiency in book manufacturing with smart workflow driving production inkjet.
Avery Dennison Makes Cut Vinyl User-Friendly
Published: April 17, 2018
Patti Draper Doychak, Senior Marketing Communications Manager for Avery Dennison, describes new innovations in cut vinyl. Easier weeding with a re-engineered adhesive, a larger color palette, and longer-lasting adhesive all give the client more choices and a better-quality vinyl product.
ISA Provides Year-Round Resources for the Sign Industry
Published: April 16, 2018
Lori Anderson, President and CEO of the International Sign Association (ISA), shares the many ways ISA helps members of the sign industry. Beyond the annual Sign Expo, in which professionals can learn about new technologies, ISA is active in advocacy for companies in relation to sign codes and regulations, as well as helping educate students about the opportunities available to them after high school.
Frank On Friday: The Binds That Tie
Published: April 13, 2018
Frank receives a challenge from Professor Frank Cost at RIT. Frank Cost discovered the McMaster-Carr catalog at 4,040 pages and wants to know if there are any bound books with more pages. Frank is up to the challenge.