Corporate Development Associates Adds Former Print Distributor Principal to Its Roster
Corporate Development Associates (CDA), a leading printing industry M&A firm located in Scottsdale, Ariz., has added Joel Chyke, former owner of Nashville, Tennessee-based FISI, to its deal-making team.
Chyke has been actively involved in the printed office products supply industry for the last 20 years. In 1996, Chyke joined FormService Inc. (FSI) as a partner and chief financial officer, where he was responsible for financial management, planning and operations. He assisted his then partner in growing FSI from $1 million to $20 million in sales by 2006. In 2006, Chyke and his partner split FSI into two separate companies, with Chyke taking the bank product procurement and logistics services-related side of the business and forming Financial Institution Supply Inc. (FISI).
In April 2014, Chyke sold FISI to Safeguard Acquisitions Inc. He left FISI in July 2015 and was an independent consultant until joining CDA in March 2016.
“We are delighted to announce the addition of Joel to our deal-making team,” said Jim Anderson, president of CDA. “Together, we felt that the industry was not currently being properly served by M&A advisory firms, and the printing industry is huge. I fully expect Joel will in short order be a great dealmaker and bring not only a fresh look to CDA, but add an incredible financial talent.”
"I am pleased to enter into this new relationship with CDA, as Jim is a veteran and respected dealmaker who has a track record of success in the printing industry," said Chyke. "Jim not only has the experience and talent, but many long-standing personal relationships with print industry principals, particularly within the forms and label segments of our industry. My affiliation with CDA should give my new deal-making future a great kick-start."
CDA was founded in June 1987 by Jim Anderson, a former print distributor and trade manufacturer owner and principal. During the past 29 years, CDA has become the leading intermediary firm serving the printing industry while completing more than 200 transactions. Anderson also is the author of the leading weekly e-newsletter PrintStockWatch, which now boasts more than 800 subscribers. For more information, visit www.printmergers.com.