Integrated Printing Solutions Secures $22 Million in Financing
DALLAS—Sept. 28, 2011—Allegiance Capital announced that it has facilitated the securing of a $22 million credit facility by Integrated Printing Solutions (IPS). Of that total, $10 million is in an initial draw down and $12 million for follow-on growth.
Headquartered in Centennial, CO, IPS is a provider of specialty print, marketing and packaging solutions to the gift, pre-paid, loyalty, credit and healthcare card markets. The financing will both fuel organic growth and enable the company to pursue an acquisition strategy to expand its reach in the Americas and beyond.
“My team and I are excited to get to the next level in growth and innovation,” said Sev Spagnolie, CEO of IPS. “The Allegiance team understood my goals and found the best financial partner for us. My team worked with the folks at Allegiance and with their experience and guidance, we got it done as a team. I am very pleased with the work they did and the result of getting IPS to the next level.”
IPS is poised to drive their strategic plan and immediately act on opportunities in their marketplace only available to a company who is well capitalized. Terms of the private transaction were not disclosed.
According to John Sloan, vice chairman of Allegiance Capital, “The opportunities in the gift, pre-paid, loyalty, credit and healthcare card markets are substantial, and IPS is now prepared for significant growth under this great leadership team. Their ability to continue to drive innovation as a market leader is even better secured now.”
Integrated Printing Solutions, based in Centennial, CO, is a premier provider and innovator of print, specialty marketing and packaging solutions and strategies for some of North America’s largest businesses. IPS provides solutions in card and card personalization services, gift card production, full service fulfillment, distribution and warehousing, commercial printing and direct mail, as well as print management for the healthcare, retail, advertising and prepaid card industries. IPS solutions ensure rapid deployment with significant cost savings by utilizing internal production capabilities, outsourced options and industry leading project management.