Management Team Acquires Experian's Printing Operations to Crea
LINCOLN, NE-- (January 5, 2004) --An Experian senior management group and Sterling Capital Partners, LP, a private equity firm, today announced they have acquired the Lettershop, Printing and Packaging Services and Cole Services divisions of Experian's North American operations.
Through a new company, MetroGroup Corp., the group acquired the operating assets of all related Experian operations in Nebraska, Iowa and Vermont. In addition, it also acquired the assets of Experian's Cole Services division, a leading cross-reference directory offered in print and electronic versions.
Experian reportedly will maintain a financial interest in MetroGroup and will be a leading client for its services.
"MetroGroup is pleased to acquire Experian's Lettershop, Printing and Packaging Services and Cole operations," said James Drake, President of MetroGroup. "We look forward to demonstrating how our financial strength, size and scale, flexibility, superior client service and innovation make MetroGroup the choice of leading marketers."
Joining the senior management team as Chairman and CEO is Jim McQuaid, former chairman and CEO of Metromail.
Known for providing superior direct mail production and packaging services for more than half a century, MetroGroup assembles more than 2 billion pieces per year for leading companies, large and small, in the financial services, consumer products, media, fundraising, retail, telecommunications, travel and entertainment, insurance, healthcare and pharmaceutical industries.
MetroGroup is headquartered in Lincoln, NE and will employ all of the former Experian Lettershop, Printing and Packaging Services and Cole Services divisions employees--a total of 1,400 people. For more information, visit the company's website at www.metrogroupcorp.com
Experian provides strategic support to organizations around the world. It helps its clients target, acquire, manage and develop profitable customer relationships. Its 13,000 people support 40,000+ clients in more than 60 countries. Annual sales exceed $1.9 billion.
For more information, visit the company's website at www.experian.com