Mark Andy, Inc Acquired By Morgenthaler Partners
ST. LOUIS, MO—Mark Andy, Inc. is pleased to announce its acquisition by Morgenthaler Partners and Mark Andy management. Morgenthaler Partners is a strong financial business holding company based in Cleveland, Ohio and Boston, MA . Mark Andy, Inc. had been owned by Dover Corporation since 1995. The transaction was completed on September 15, 2006. Led by Mark Andy Management, the transition of ownership will be transparent to the industry and Mark Andy customers.
Mark Andy, Inc., a leader in narrow mid-web equipment, has continued to build a strong foundation of product offerings through three top brands: Mark Andy, Comco and UV Technology. In recent years, new technology innovation and new product advancements, along with strong sales and leadership, has given Mark Andy, Inc. solid exposure throughout business investment circles. The acquisition is a result of this activity.
“Mark Andy is excited about our new ownership, Morgenthaler Partners. We’ve worked very hard in the areas of product development and customer support which has dramatically improved our sales and market position. Our strong position has attracted a solid financial supporter and partner. We look forward to continued growth supported by our new ownership,” states Paul Brauss, CEO of Mark Andy, Inc.
As part of the acquisition, the long-standing management team structure will continue: Paul Brauss, CEO; Mike Howard, VP Finance & CFO; John Howard, VP Engineering; Bill Thompson, VP Manufacturing; Greg Palm, VP Sales & Marketing and Adam Baer, VP Customer Support.
About Mark Andy
Mark Andy, Inc. is a leading global manufacturer of narrow and mid-web printing and converting equipment. The company has a rich history of delivering solutions to increase productivity and profitability for the label and packaging markets. The company supplies leading global brands including Comco printing/converting machinery, Mark Andy printing/converting machinery and UVTechnology curing systems and replacement parts. Mark Andy, Inc. is headquartered in St. Louis, MO, with sales and distribution offices in France, Switzerland, and the UK. Please visit: www.markandy.com
Morgenthaler is a leading, national buyout and venture-capital firm with offices in Boston, Mass.; Boulder, Colo.; Cleveland, Ohio; Menlo Park, Calif.; and Princeton, N.J. The firm has approximately $2.5 billion under management and has funded more than 250 companies over its 38-year history.
The firm’s buyout group focuses on the middle-market with transaction values between $50 – $250 million and EBITDA in excess of $10 million. It has two primary target investment areas: high-value manufacturing and business services. For more information on Morgenthaler’s buyout group, please visit: http://www.morgenthaler.com/buyouts/default.asp .