Frontenac Company, Daly In Partnership To Acquire Specialty Printers, Solutions Services Companies
Press release from the issuing company
CHICAGO - AUGUST 29, 2005 - Frontenac Company, a Chicago-based private equity investment firm, and Ronald E. Daly, former president of R.R. Donnelley Print Solutions, today announced the formation of a business partnership to acquire and help grow specialty printers and/or companies in the print solutions services industry.
Daly, 58, worked for R.R. Donnelley for 38 years, holding a number of important leadership positions; in his last position, he served as president of the organization's largest division, Donnelley Printing Solutions. In 2002 Daly was appointed Chairman and CEO of Oce North America, a printing equipment and solutions company.
"Ron Daly's expertise in the print solutions services industry, his ability to identify potential acquisitionopportunities, and his talent for developing operating plans to take companies to a larger size and value make him the ideal CEO1st executive to lead this initiative," said Rodney Goldstein, Chairman and Managing Director of Frontenac Company.
"This market and Ron are 'center-cut' for execution of our CEO1st approach; we look forward to working closely with Ron to acquire and grow mid-sized businesses into market segment leaders." Through its CEO1st investment approach, Frontenac Company partners with proven industry executives to acquire businesses that are typically owner or family-operated, providing both the capital and executive talent to deliver enhanced growth, profitability and value.
"Frontenac Company is the right partner because the firm has a long and successful history of sponsoring experienced executives like me - executives with a continuing vision to build and thrive in the businesses they know best," said Daly. "We see an excellent opportunity to provide owner-operators with the liquidity and capital they need to fund growth, as well as added executive experience to navigate the fast-changing digital print world."
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