Large-Format Franchisor Speedpro Imaging Bought by Fairfield-Maxwell, Mountain Ridge Capital
SCOTTSDALE, AZ—May 20, 2014—Speedpro Imaging has announced its acquisition by Fairfield-Maxwell and Mountain Ridge Capital. Boris Katsnelson will serve as president of the rapidly growing wide-format imaging franchisor, while Founder Blair Gran will become the chairman.
Speedpro is a premier wide-format imaging company nationwide with a network of over 100 locations operating across the United States. As a leader in high-quality, large-format imagery, Speedpro’s services include the printing of tradeshow displays/exhibits, retail signage, banners, and building and vehicle wraps. Speedpro’s singular focus on large-format printing and network of G7 Master Printers, allows its studios to effectively service accounts that demand the highest quality, consistency and common visual appearance. The company has accomplished considerable growth since its inception in 2004.
"Speedpro is operating in a rapidly expanding industry and is well positioned to continue to grow revenues of its existing franchisees, while simultaneously growing the reach of the Speedpro family by bringing on additional studios," Katsnelson said.
Speedpro will implement a strategy focused on maximizing studio sales by providing franchisees tools to grow their businesses. The team at the corporate office will remain in place and will continue its commitment to support franchisee success and has launched several new initiatives to that end. "I selected Boris Katsnelson to take Speedpro to the next level," Gran noted. "His accomplished track record, well-conceived plans and passion for the business are what our business needs and set him apart."
Katsnelson concluded: "After doing a comprehensive search for a franchisor with tremendous growth potential, we choose Speedpro, hands down. Blair has created an impressive company with a smart business model with executive-level owners that clearly fills a market need and I am very excited to take it to new heights."
Founded in 2004 and based in Scottsdale, AZ, Speedpro is a premier wide-format imaging franchisor, specializing in extreme-resolution printed graphics. As the nation’s leader in high-quality, large-format imagery including tradeshow displays/exhibits, retail signage, building wraps and vehicle wraps, Speedpro takes visual communications to the next level. Speedpro has a network of over 100 nationwide, executive-managed studios focused on revolutionizing the graphics/communications industry.
About Fairfield-Maxwell Ltd
Fairfield-Maxwell Ltd. (FML) is a closely held, global investment and holding company committed to creating long-term enterprise value by building businesses that are durable and profitable. Founded in 1957, FML is based in New York, NY. FML's heritage and mindset are marked by an entrepreneurial and opportunistic quest for sustainable, risk-adjusted growth. FML has survived and thrived because of its people—their ingenuity, patient focus on a long term horizon, and tenacious commitment to succeed. All of FML's business endeavors are rooted in its values, the cornerstones of which are integrity and partnership.
About Mountain Ridge Capital
Mountain Ridge Capital is a Colorado-based entrepreneurial investment firm focused entirely on investing in and operating one business, culminating in the acquisition of Speedpro. As a result, MRC is no longer seeking additional investment opportunities. Boris Katsnelson, founder and managing partner at MRC, was most recently a key executive in the transformation of Sleep Innovations. Katsnelson has significant experience in private equity and investment banking at American Capital, Anschutz Investment Company and Credit Suisse First Boston.