Mountain Lakes, New Jersey – Graphic Arts Advisors, LLC (GAA) is pleased to announce the merger of PDQ Print Center, with Times Printing, both located in the Scranton, PA metro area. The companies are consolidating operations in the PDQ facility located in Taylor, PA. The merger is expected to create jobs as the new company delves into more digital media offerings. GAA served as the advisor to both parties in the merger, assisting with pre-merger valuations of the respective companies, advising the owners on deal structure and post-merger equity allocations.
PDQ Print Center was established as a small quick printer and has grown to a full commercial printing services provider with full color offset printing, Xerox iGen digital printing, wide-format and direct mail services. Times Printing also brings over 40 years of offset and digital printing expertise to the newly merged entity plus a strong position assisting non-profit organizations with their fundraising activities.
Dave Price, the owner of PDQ Print, will serve as Chief Operating Officer of the combined companies and noted “This is a great opportunity to grow a local company; our merged operation will be the largest company offering the combination of print, direct mail and email marketing services in the region.”
“Times Printing and PDQ Print Center have served corporations and non-profits in our region for decades, said Scott Lynett, owner of Times Printing, who will serve as CEO of the merged company. Lynett added “Our combined staffs and equipment will fuel our continued growth and allow us to have a greater presence in our community for many years to come.”
Mitch Evans, the GAA Director who lead the advisory process, noted “we are finding more and more that many printing company owners already know the owners of the other company that they want to merge with, sell to, or acquire. There is no need for an outreach search process since the owners already know each other. In these instances, GAA acts as the exclusive advisor to one or both of the owners, providing objective and industry-specific advice, keeping the process moving from idea to closing. At GAA, we call this our ‘Proprietary Limited’ advisory service and we often have several of these private engagements active at any given time.”