Venture10 announces M&A Services, Wicklander deal done in 60 days
Press release from the issuing company
Palatine, IL (May 14, 2004) – Venture10 today announced new Merger and Acquisition services targeted specifically toward the sheet-fed printing market. Venture10 now offers a package of services designed to simplify the process of Mergers or Acquisitions for its customers.
“It is clearly time for printing organizations to find partners to strengthen their market share and start growing their businesses. We believe carefully targeted mergers is a great way to meet the challenge,” said David Lemaster, President of Venture10.
These services are designed to simplify and streamline the process for both the buyer and the seller. Venture10 provides services for 5 key areas that will help buyers and sellers maximize their benefits, these include: structuring the process, target identification and analysis, financial services, legal services and transition services.
Venture10 has found it is critical to accurately set the expectations of the buyer and the seller prior to the negotiations and due diligence. This greatly speeds up the transaction and allows for a much simpler process. Standardizing certain aspects of the process also lowers the cost of the transaction for both parties.
Recently in less than 60 days Venture10 initiated and concluded the Lake County Press and Wicklander Printing merger, creating the largest privately held commercial sheet-fed printing company in Chicago. “We feel that Venture10 brought us structure and cohesion,” said Ralph Johnson, President and CEO of Lake County Press. “Their help made the entire process much easier and faster for us.”
“We reached out to several sources in our search for the perfect merger partner. Through their viability study, Venture10 was the best source we found to bring both potential partners and, more importantly, the right partners to the table. Once we identified the partner of choice, it took less than 60 days to complete the transaction. We would recommend Venture10 to anybody looking to find market building synergies,” said James Wicklander, President of Wicklander Printing.
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