PSA Partners with Norwest Equity Partners to Drive Growth
DEERFIELD, IL—PSA, Production Services Associates, one of the country’s largest and fastest growing direct mail production companies, has completed a partnering investment agreement with Norwest Equity Partners (NEP).
NEP will provide a major infusion of capital to further PSA’s growth initiatives, which include penetrating new markets and the continued acquisition of complementary resources to expand PSA’s production capabilities.
Richard Biller, PSA President & Chief Executive Officer and founding shareholder, said, “On behalf of our entire management team, we truly value our new partnership with NEP. The firm’s resources will be invaluable in expediting our growth and marketing strategies.”
Gerald Biller, Vice President of Sales and Marketing, added, “The ability to leverage NEP Operating Partner Bruce Lohn’s extensive industry experience and knowledge will facilitate further innovation of our product and service offerings, driving high impact results for our customers and cementing our position as a market leader.”
PSA provides a comprehensive suite of production services including direct mail, dimensional mail products and services, plastic card production and personalization, specialty printing, fulfillment services and creative services. The company was founded in 1992 by Richard Biller. PSA has a roster of blue chip customers, including the nation’s leading financial, insurance, retail, non-for-profit, and other aggressive direct marketing companies that turn to PSA for fast-paced, high volume direct mail production and management.
Production Services Associates, LLC. is headquartered at 1020 Milwaukee Avenue, Deerfield, IL. Norwest Equity Partners (“NEP”), a private equity firm, is based in Minneapolis, Minnesota.