Rollin’ Rollin’ Rollin’ - November 2015 M&A Activity
Firespring, based in Lincoln, Nebraska, is a company that appears to have successfully navigated the journey, using a roll-up strategy to morph several small printing, mailing, marketing and design companies into a cohesive MSP. The company recently announced the acquisition of the latest target, the purchase of On-Time Marketing. This follows the company’s roll-up of five companies all at the same time in July 2015.
Grand & Wide Format Printing
Circle Graphics, headquartered in Longmont, Colorado, continues to add companies in its chosen territory, wide format and grand format printing, with its latest acquisition, the purchase of Imagic in Burbank, California. Bolstered by this acquisition, the company now claims to be the world’s largest producer of grand-format digital graphics. Using acquisitions to expand its geographic footprint, previous transactions include the purchase of the Art Division of Café Press in Raleigh, North Carolina earlier this year and the acquisition in 2014 of Mammoth Media in Boston.
One of the most active consolidators in recent years is the Mittera Group headquartered in Des Moines, Iowa. The company is apparently very happy to pursue the traditional roll-up strategy of acquiring good old fashioned printing companies that churn out millions of inserts, brochures, mailers and other printed products. While not eschewing the need to suggest that they support alternative communication channels, the company clearly believes in the value and endurance of print as its core product. The latest addition to the Mittera family is Pioneer Graphics which will be rolled into Mittera’s Colorfx facility in Waverly, Iowa. All told, Mittera and its subsidiary Colorfx have appeared on our deal log six times since we started reporting M&A deals in the printing and related industries in 2011. Previous acquisitions include the purchase of J.B Kenehan in October 2014 and Wisconsin Web Offset in October 2013 (see The Target Report – October 2013). As we asked our readers in that same month, when RR Donnelley announced its acquisition of Consolidated Graphics, will Mittera begin to take the place vacated when Consolidated was absorbed into RRD? The question remains: will Mittera break out of its Midwest region and become a national player?