Alliance Franchise Brands Bolsters Revenue by $10.1M Through Acquisitions in 2018
PLYMOUTH, Mich. - March 7, 2019 - Leading marketing, visual and graphics communications Alliance Franchise Brands LLC, parent company of franchisors Allegra Network LLC, Sign & Graphics Operations LLC and KK Printing ULC, added $10.1 million in new system-wide sales in 2018 through its acquisition strategy to boost its franchise members’ sales. The deals averaged over $580,000.
According to Kevin Cushing, president of the Marketing & Print Division, “Through acquisitions, our franchise members can accelerate their growth in a way that is unmatched organically, though that’s important, too. For independent business owners, it provides an exit strategy that ensures their legacy is put into good hands.”
Ray Palmer, president of the Signs & Graphics Division, noted, “In many cases, the selling owner remains with the combined company, maintaining employment and earnings even as they extract their hard-earned equity from the business they sell.”
Alliance Franchise Brands’ Marketing & Print Division saw 15 acquisitions completed in 2018, including four new locations. The Signs & Graphic Division completed four acquisitions, two of which were new centers.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.