Grossman, Stine Form Printing CompanyNovember 2008
Roy Grossman and Chip Stine, former executives with Clifton, NJ-based Sandy Alexander, have announced the creation of MSP LLC, a platform for making investments in printing-related companies with revenues in excess of $5 million.
MSP will target firms with offerings that include variable data digital printing, specialty direct mail, packaging and label work, and large-format output.
The company has engaged Paul Reilly of Compass Capital Partners to assist in evaluating investment opportunities and to raise additional investment funds. Reilly is the former president and CEO of multibillion-dollar printer Cenveo. Grossman, a 30-year veteran of the printing industry and a member of the Printing Impressions/RIT Printing Industry Hall of Fame, anticipates unveiling some deals in the early part of next year.
“We have significant funds ready to be invested in the fast growing and exciting segments of the printing industry,” Grossman said in a release. “We see many opportunities to create a great company providing unique solutions from multiple locations in North America.”
Grossman feels there are a number of firms that have made the transition from print service provider to marketing services provider, focusing on helping customers make effective use of their data and other market resources rather than focusing solely on the production of print.
“Those are the firms that are doing extremely well, despite the economy,” he notes. “We have been on the road talking to a number of them over the last four months, and we are energized. We have some terrific prospects, and we expect to begin announcing deals in the first quarter