Metrogroup Acquires Proficient Data
James T. Russell, President of Proficient Data, noted that the acquisition will help MetroGroup further penetrate the financial services, insurance and utility markets. “We have been very active in these sectors, which MetroGroup is extremely well-equipped to serve,” said Russell, who will serve as president of the new transaction mail division of MetroGroup, reporting to Logan. Russell and his partner Donald E. McKevitt will become equity partners in MetroGroup, which is currently owned by members of the company’s senior management team and Sterling Capital Partners.
“We are very pleased that Jim will continue to serve customers and be available as a resource to the entire MetroGroup client base,” said Logan. “He is one of our industry’s leaders, and his continued presence and involvement in the company will ensure that all of the company’s customers find this transition to be a seamless experience.”
Proficient Data has grown steadily by reacting to the demands of its impressive client list. In recent years, it has made major investments in information technology, electronic document hosting and delivery, disaster recovery and business continuity systems, and audit controls for data privacy.
Headquartered in Lincoln, Neb., MetroGroup is one of the nation’s leading providers of direct mail production, printing, statement processing, packaging and fulfillment solutions, having served more than 100 major corporations and marketing organizations. Now in its 60th year, the company produces and mails nearly 2,000,000,000 pieces annually from its facilities in Nebraska, Iowa and Vermont.
Sterling Capital Partners (SCP) is a middle market buyout fund with over 20 years of experience investing in private companies and generating superior returns. SCP manages over $850 million of capital and is focused on distinctive and proprietary situations where there is a sustainable advantage, predictable cash flow and favorable prospect for growth. SCP has 15 investment professionals with operating backgrounds in sales, marketing, strategy, operations, finance, legal, and human resources.