Huron Capital Embarks on Print Consolidation Strategy
Press release from the issuing company
DETROIT, Aug. 14 -- Huron Capital Partners LLC announced today that, through its holding company TouchPoint Print Solutions Corp., it has acquired CoakleyTech, LLC in partnership with Coakley's management. The transaction closed effective July 31st. Specific terms of the transaction were not disclosed. Coakley is a leading provider of document process outsourcing, digital printing, direct mail and fulfillment services for mid-sized and Fortune 100 clients. Huron has committed over $20 million to its TouchPoint platform and is focused on building a full-service printing and document management business providing customers with solutions in web-based, sheet-feed and digital printing media. The transaction marks the 8th platform investment for The Huron Fund II L.P., and the 16th acquisition for Fund II including strategic add-on acquisitions.
Headquartered in Milwaukee, WI, Coakley offers medium and large corporate customers a wide variety of document management, digital printing, digital media replication, e-commerce, direct mail and fulfillment services. Coakley provides its clients highly customized document management solutions and has developed a scalable, proprietary IT infrastructure which allows it to offer customers greater manufacturing flexibility and quality.
Peter E. Mogk, a Partner at Huron, stated, "We began developing the TouchPoint model in the middle of 2006 and we expect to continue to execute our "Buy & Build" strategy and create an entity with multi-disciplinary print capabilities. Our market strategy is to provide customers a comprehensive array of commercial printing capabilities in the sheet-fed, web and digital print markets. Coakley represents a strong first step in developing this model and gives us a significant foothold in the fast growth digital printing and outsourced document management markets." Chris Illman, President of Coakley, added "From the beginning, Huron's deep understanding of the print industry was attractive to us. Huron brings a very strong team of operating executives and print industry advisors that will immediately add tremendous value to the organization. We look forward to having Coakley play an important and growing role within the TouchPoint platform."
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