Huron’s TouchPoint Completes Seventh Acquisition
Huron Capital Partners announced that its portfolio company, TouchPoint Print Solutions Corp., has acquired Ginny’s Printing. GE Antares, Citizens Bank, and NXT Capital provided senior debt financing for the transaction, while Midwest Mezzanine and Capital Point Partners provided mezzanine financing.
Headquartered in Austin, TX and founded in 1971, Ginny’s is a provider of print and document process outsourcing services in the Southwest and is the seventh acquisition of TouchPoint Print Solutions, based in Chicago.
Michael Martin, president and CEO of Ginny’s stated, “TouchPoint brings a wealth of resources to our market, as well as a strong commitment to technology and state of the art solutions for their customers. Our team is excited to offer these solutions to our clients, and looks forward to seeing Ginny’s Printing evolve and prosper as part of the TouchPoint family of companies.”
TouchPoint CEO Tom Simunek added, “Ginny’s has an excellent reputation in document process management in the Southwest and presents an opportunity to additionally offer TouchPoint’s e-solutions, print on demand and a new level of cost efficiency to a new market.”
Huron partnered with Simunek in 2006 to pursue a buy-and-build strategy in the digital document process outsourcing industry. The platform made its first investment in July 2007, and revenue and EBITDA have grown fivefold since that time. Peter Mogk, a partner at Huron noted, “We continue to be pleased with the growth of TouchPoint, which is now up to 850 employees and over $125 million of pro forma revenue. TouchPoint’s industry-leading technology, advanced capabilities in digital and offset print, and national fulfillment locations have been strategically developed to support businesses’ document management needs, provide cost efficiencies, and increase ROI.”
Honigman Miller Schwartz & Cohn served as legal counsel to Huron.
Huron Capital is an operationally focused private equity firm investing in lower middle-market companies. The firm typically invests up to $70 million to sponsor buyouts, growth initiatives, corporate spin-offs and recapitalizations of niche manufacturing, specialty service, and value-added distribution companies having revenues up to $300 million.