DG3 Is Acquired by Arsenal Capital
NEW YORK—Private equity firm Arsenal Capital Partners has acquired Diversified Global Graphics Group (DG3). Arsenal and the company’s executive team, led by CEO Dr. Michael Cunningham, acquired DG3 in a proprietary transaction directly from Peter Furlonge, the majority shareholder and former chairman. Furlonge will remain with the company and has made an investment in DG3.
“Our new partnership with Arsenal will provide us with additional resources that will help us capture the many opportunities that exist to further penetrate global end markets and broaden service offerings to include higher value process and technology-oriented products and services,” Cunningham said in a statement.
Cunningham founded the company, formerly called Cunningham Graphics International, in 1989. DG3, which has annual revenues of $150 million, services clients in the financial, pharmaceutical, academic and corporate markets. Laurence Bloch is the company’s new chairman.