The Open Approach Lands New Partnership for Jet Litho
WESTMONT, IL—July 11, 2008—One of the most widely recognized names in the Chicagoland print marketplace, Jet Litho has joined forces with Brantley Partners. The arrangement positions Jet as the cornerstone for a leading-edge print solutions provider fueled by Jet’s unique plastics and R&D expertise. The deal follows up on Brantley Partners’ successful investment in WS Packaging. Terms were undisclosed.
“We are a very unique entity. The Open Approach’s print expertise was crucial in articulating our value proposition and identifying the best opportunities for everyone at Jet,” commented George Bogdanovic, CEO of Jet. Jet’s management is looking at a number of acquisition-driven growth initiatives, with support from The Open Approach and other strategic partners.
“Jet and its superior people continue to champion innovation, quality, and results for our customers,” added Bogdanovic. “We are thrilled to have forged an opportunity with a group the caliber of Brantley Partners that will enable us to deliver even greater value through enriched services, capabilities, and solutions.”
“Brantley Partners is pleased to have the opportunity to invest in the future of Jet and advance our expertise in the printing and packaging arena,” added Paul Cascio, Partner, Brantley Partners. “We have had a very good result with our investment in WS Packaging, and we expect the same of our investment in Jet.”
Jet is a highly diverse specialty plastics and commercial print provider with a 60-year track record in the industry. With more than 300 loyal customers—and numerous awards—Jet is known nationally for its craftsmanship and specialized market knowledge in prepaid, loyalty, and gift cards. It is headquartered in Downers Grove, IL.
Brantley Partners is an Ohio-based, middle-market-focused private equity firm with a history of achieving superior long-term investment returns for its investors.
The Open Approach is an accomplished M&A firm that operates exclusively in the graphic arts industry. Comprised of former print CEOs, COOs, sales leaders, marketing experts, and buyers, the firm spearheads initiatives that drive company value. In addition to comprehensive M&A and investment banking services, the firm provides business model development, exit strategy timing and planning, due diligence, alliance opportunities, market research, and other solutions that positively impact print enterprises’ top- and bottom-line growth. The firm also has proven to be an invaluable partner to private equity and investment firms. Because of its industry-leading reputation and proven track record, it has been named the exclusive M&A partner of Printing Industries of America and Independent Printers Worldwide. The Open Approach is based in Westmont, Illinois, and has offices in Phoenix, San Francisco, Los Angeles, and Toronto.