Huron Capital Completes Sale of OneTouchPoint
Detroit, MI – September 10, 2014 – Huron Capital Partners (”Huron Capital”) today announced it has sold its interest in OneTouchPoint Corp. (“OTP”) in a recapitalization led by private equity firm ICV Partners. OTP provides clients in a wide array of end markets with document management solutions, marketing and communications services, marketing collateral management and fulfillment, data-driven digital print solutions, and digital media and e-business solutions.
Huron initiated the OTP platform in 2007 under the firm’s ExecFactor buy-and-build investment model by partnering with industry veteran Tom Simunek to lead a strategic market-entry initiative. Under Simunek’s leadership, the business expanded six-fold to over $137 million in annual revenue through internal operating initiatives and nine acquisitions. Headquartered in Chicago, OTP operates seven interconnected manufacturing and fulfillment locations throughout the United States.
Simunek said, “OneTouchPoint was formed through the financial sponsorship and strategic guidance provided by Huron Capital and their vision for the potential in the document production and marketing services industries. During our tenure together, the OneTouchPoint team has benefited significantly from the ongoing support and guidance provided by Huron’s team.”
David Reynolds, Partner at Huron Capital, added: “We are grateful for the tremendous efforts put forth by the OneTouchPoint management team. Individually, and as group, they consistently found creative and resourceful solutions that helped to grow revenues and expand margins. Through these efforts and our complementary acquisition strategy, we were able to create a more competitive company which is well positioned for continued success.”
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.