Graphic Arts Capital Acquires Champion Capital
ALGONQUIN, IL—Oct. 21, 2010—Graphic Arts Capital (GAC), a leading provider of print-related equipment financing, recently expanded their reach through the acquisition of Champion Capital, a tenured provider of lease financing to importers and dealers of printing and graphic arts equipment.
Since industry veteran David Stearns founded GAC in 1996, the company has focused on providing financing and consultation services to equipment manufacturers and end users exclusively within the print market, including Scitex, Indigo, Kodak, HP, xpedx, SCREEN and Fujifilm Graphic Systems. Also, as the founder of One World Business Finance, the nation's only equipment finance cooperative, Stearns and GAC have access to nearly every aspect of the financing marketplace, including offerings from the government and U.S. Small Business Association.
With recent changes in the economy, most sources of print-related financing have been severely depleted or are gone from the marketplace altogether and GAC is working to expand its services and offerings. This acquisition of Champion is an example of that expansion, says Stearns. Acquiring Champion will allow GAC to move from primarily servicing direct vendors that are involved in front-end and digital technologies to also working with a nationwide network of dealers and companies that market press and finishing equipment. GAC’s goal is to become the exclusive, single-source provider of print-related financing used by both vendors and customers. Stearns says he believes the company is positioned to achieve that goal, given its well-established relationships with nearly every print-related financial institution in North America.
According to Stearns, “Despite the fact that the financing marketplace for print-related equipment has fundamentally changed, GAC’s team of experts is able to place a large percentage of its applicants. Furthermore, although ‘application only’ financing is no longer a reality for most finance companies, GAC is still able to offer that service. And, for the credit elite, a significant percentage of applications can be approved without personal guarantees and come with rates that compete favorably with their primary banking relationship.
“I am proud of the fact that despite the overall state of the print financing industry, GAC has been able to thrive by building on its strengths and lending relationships and by providing honest, smart financing solutions to a market that desperately needs them.”
About Graphic Arts Capital
Graphic Arts Capital was founded in 1996 by industry-veteran David Stearns. The Graphic Arts Capital team possesses more than 50 years' combined hands-on experience creating and managing all aspects of in-house, captive vendor finance programs. We share our in-depth knowledge and insights with today’s business leaders who are facing a number of challenges, both old and new. The firm has built its reputation on creative thinking, trust and professionalism and helps clients improve business practices, forge alliances, train staff and chart courses for future growth. We work with our clients to develop successful business strategies that address their economic, business and political climates. For more information, please visit Graphic Arts Capital online at www.graphicartscapital.com.
Source: Company press release.