Las Vegas-based Rapid Color Printing Buys American Craftsman Technology Trade Center of Atlanta
ALPHARETTA, GA—May 7, 2014—Horizons Business Solutions (HBS), a business services firm located here, with special expertise in the printing industry, is pleased to partner with Rapid Color Printing, a premier full-service commercial printer located in Las Vegas. HBS provided business and financial guidance to Rapid Color as it expanded into the Southeast with the successful acquisition of American Craftsman Technology Trade Center (ACTTC), a family-owned, award-winning, high-quality commercial printer in Atlanta. The sale was completed in 60 days, ending on March 31, 2014.
“We are delighted that Rapid Color chose to retain us to complete its expansion,” said Gerald Whitlow, executive partner at HBS. “Using our in-depth knowledge of the printing industry and our consultative approach, we were able help Rapid Color quickly determine the cost and profit benefits of acquiring a second printing business, versus purchasing new equipment along with the associated expansion costs for the Las Vegas facility. It has been great to work with all parties in this transaction.”
Rapid Color called on Horizons Business Solutions after experiencing exceptional growth over the last three years with a significant portion of its work being shipped to the Southeast.
“The process was complicated but we were outgrowing our capacity in Nevada and HBS helped to show us that it made more sense to purchase a company, strategically located, instead of just adding another press in Las Vegas,” noted David Huckabay, Rapid Color’s president. “We were pleased to work with HBS because we not only needed a printing company; we also needed additional equipment and funding for the whole project. HBS provided guidance, brought potential companies for us to consider, helped us acquire the equipment we needed to add, and then put together the funding. In the end they handled the whole process.”
Since the acquisition of ACTTC, Rapid Color has added capacity and is already producing work within the 30,000-square-foot facility on its two six-color, 40" presses with aqueous coaters and a short-run digital press. Plus, the facility offers room for expansion as Rapid Color grows.
“This acquisition allows us to produce work for a major client closer to its facility in this part of the country and provide better service to them,” concluded Huckabay. “We are also excited now to be a part of the print community in greater Atlanta. We look forward to supporting the employee base, associations and vendors here.”
About Rapid Color Printing
Rapid Color has successfully operated as a Las Vegas printing company for over 25 years. The company specializes in full-color printing such as brochures, flyers, newsletters, letterhead, envelopes, postcards and business cards. Its equipment lineup includes a four-color, 40" press with an aqueous coater and a short-run digital printer. Serving national, as well as local clients with a broad range of services, Rapid Color now operates a second facility in Atlanta as well.
About Horizons Business Solutions
Horizons Business Solutions is a “Business Services Company” providing a single source approach for both buyers and sellers. HBS offers a variety of services including equity based financing, business brokerage, asset management, business and equipment appraisal, and general consulting to the business community. The company has regional associates in Atlanta; Columbia, SC; Orange County, CA; St Louis, MO; Ft Worth, TX; Dallas; Cleveland; Baltimore; Philadelphia; Milwaukee; and Orlando, FL.