Anderson LeNeave & Co. Closes Transaction to Sell High-Volume Printer to Staples
Charlotte, North Carolina-based Anderson LeNeave & Co. served as financial advisor to PRINTSouth Corporation in its sale to Staples Advantage, the business-to-business division of Staples last December.
PRINTSouth, which also does business as Miami Systems, is a leading national provider of high-volume transactional documents used by Fortune 1000 companies to communicate to clients. Headquartered in Cincinnati, this $70 million plus revenue company has manufacturing facilities in Richmond, Va., Jacksonville, Fla. and Tempe, Ariz. Distribution and sales facilities are located throughout the United States.
Earlier in the year, Anderson LeNeave & Co. advised and arranged senior financing for PRINTSouth. “Anderson LeNeave & Co. is a very proactive advisor whose advice and counsel thoughout the process was of great benefit to me,” said Sam Peters, former chairman and owner of PRINTSouth Corporation.
He added, “When the owner of a privately held company is ready to sell [the] business, [he or she] needs a trusted confidant who provides a solid marketing strategy and aggressive execution. I couldn’t be happier with the team at Anderson LeNeave & Co.”
Greg LeNeave, managing director and founder of Anderson LeNeave & Co., said, “We are excited to be able to help entrepreneurs like Sam who have bought and sold many companies themselves during their career. When Sam decided that he wanted to step away from owning the business, he turned to us because of our experience in the printing market, business services market and our practical approach. Having people on our team with not only the right financial services background, but also professionals who have owned and operated companies resonates with our clients.”
Founded in 1998, Anderson LeNeave & Co. is a full-service investment bank that assists shareholders and management of middle market companies. The company provides mergers and acquisitions services which include capital formation, recapitalization, acquisitions and marketing a business for sale. The company has significant experience in working with entrepreneurs, management teams, private equity investors and public companies looking to divest non-core operating assets.