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Huron’s TouchPoint Completes Seventh Acquisition
DETROIT, Mich., January 9, 2012 – Huron Capital Partners LLC announced today that its portfolio company, TouchPoint Print Solutions Corp. (“TouchPoint”), has acquired Ginny’s Printing (“Ginny’s”). Headquartered in Austin, Texas and founded in 1971, Ginny’s is a leading provider of print and document process outsourcing services in the Austin, TX market and is the 7th acquisition of TouchPoint Print Solutions, based in Chicago.
Michael Martin, President and Chief Executive Officer of Ginny’s stated, “TouchPoint brings a wealth of resources to our market, as well as a strong commitment to technology and state of the art solutions for their customers. Our team is excited to offer these solutions to our clients, and looks forward to seeing Ginny’s Printing evolve and prosper as part of the TouchPoint family of companies.”
TouchPoint CEO Tom Simunek added, “Ginny’s has an excellent reputation in document process management in the Southwest and presents an opportunity to additionally offer TouchPoint’s e-solutions, print on demand, and a new level of cost efficiency to a new market.”
Huron partnered with Simunek in 2006 to pursue a buy-and-build strategy in the digital document process outsourcing industry. The platform made its first investment in July 2007. Peter Mogk, a Partner at Huron noted, “We continue to be pleased with the growth of TouchPoint. TouchPoint’s industry-leading technology, advanced capabilities in digital and offset print, and national fulfillment locations have been strategically developed to support businesses’ document management needs, provide cost efficiencies, and increase ROI.”
GE Antares, Citizens Bank, and NXT Capital provided senior debt financing for the transaction, while Midwest Mezzanine and Capital Point Partners provided mezzanine financing. Honigman Miller Schwartz & Cohn served as legal counsel to Huron.
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.
