Jacob North Printing
It’s a love affair — private equity firms are hot for printing companies that specialize in prime labels and flexible packaging. AEA Investors, a New York City-based private equity fund, announced that it was adding to its holding in the label printing segment with the addition of three companies to be bolted-on to its portfolio platform company Inovar Packaging Group which the fund acquired earlier this year.
Commercial Printing Industry News Briefs from Printing Impressions’ August 2013 edition, including Jacob North, Arandell Corp., RR Donnelley (RRD), Midtown Printing and Modern Litho., Champion Industries, Agfa Graphics, Resolute Forest Products, Association of Marketing Service Providers (AMSP) and the National Association for Printing Leadership (NAPL).
LINCOLN, NE—The U.S. Bankruptcy Court approved a going concern sale last week of Jacob North Printing to Midstates Printing of Aberdeen, SD. Equity Partners CRB, a Maryland-based investment banker, served as intermediary for the debtor-in-possession, while Knudsen, Berkheimer, Richardson and Endacott provided counsel. Aberdeen based law firm, Bantz, Gosch & Cremer, represented the buyer. Midstates has already funded the acquisition and has started funding day-to-day operations
A South Dakota printing company has bought Jacob North Co., ensuring the 125-year-old Lincoln, NE, business will not cease operations. Midstates Printing of Aberdeen, SD, was the top bidder in a bankruptcy auction last week, agreeing to pay $1.35 million. That beat a bid of $1,050,000 by Cornerstone Printing of Lincoln.
Midstates also agreed to pay an additional $322,500 for two printers and a box truck. The company, however, will not take on any of Jacob North's liabilities.
Midstates officials could not be reached for comment, but Matt Feickert, vice president of operations for the company, said in a news release that
The U.S. Bankruptcy Court approved a going concern sale of Jacob North Printing to Midstates Printing of Aberdeen, SD. Equity Partners CRB, a Maryland-based investment banker, served as intermediary for the debtor-in-possession, while Knudsen, Berkheimer, Richardson and Endacott provided counsel.
Commercial Printing Industry News Briefs from Printing Impressions’ June 2013 edition, including Quad/Graphics Inc., StaplesEquity Partners CRB LLC and Jacob North Printing, Carl Didde, Brown Printing, SG360°, Courier Corp. and James Bender.
LINCOLN, NE—Equity Partners CRB LLC has been retained through the U.S. Bankruptcy Court to seek a buyer for Jacob North Printing. Based here, Jacob North Printing is a 125-year-old, full-service regional printing and graphics communications company that offers web, sheetfed, digital and label printing, as well as fulfillment, mailing and inventory management services. It also provides e-mail marketing, personalized Websites and SMS marketing.
Equity Partners CRB LLC (“Equity Partners”) has been retained through the U.S. Bankruptcy Court to seek a buyer for Jacob North Printing Co. in Lincoln, NE. “This is an excellent opportunity to capture a quality customer base, existing volume, and a seasoned management team,” said Matt LoCascio, a managing director at Equity Partners.
The four newest members of The Print Council are industry veterans and dedicated professionals with a sincere passion for the business of print. Custom Data Imaging Corp., Alcom Printing Group, The P.A. Hutchinson Co. and Panaprint, Inc. understand the strength and power of print and the need to work together in educating the next generation.
The Print Council is stepping up its drive to unite print providers and media decision-makers behind the effectiveness of printing as a marketing, entertainment and educational medium. The accelerated effort is spearheaded by two new membership recruitment brochures produced by Council member Jet Inc., and a recently launched series of advertisements that were created by Council member NAK Marketing and Communications.