Boathouse Capital Acquires Direct Impressions
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Boathouse Capital Acquires Direct Impressions

Colortree Group, a portfolio company of Boathouse Capital and a supplier of high definition color envelopes and direct marketing materials, has acquired Direct Impressions, a specialty printing company. 

Direct Impressions is a specialty printing company that specializes in direct mail and commercial products, such as continuous forms, folded inserts and cut sheets. The company maintains a full-service prepress department that offers a variety of printed pieces on coated and uncoated papers. Founded in 1997, Direct Impressions has 75 employees and is based in Richmond, VA (www.directimpressionsinc.com). 

Direct Impressions was represented by Dominion Partners, a mid-market investment bank located in Glen Allen, VA (www.dominionpartners.com). 

Colortree is a manufacturer of full-color direct mail envelopes, fliers, brochures, letters, newsletters, self-mailers, business reply cards, and other printed products, primarily for the direct mail industry.  In September 2011, Boathouse Capital invested $5.5 million in subordinated debt and equity along with capital from Colortree CEO Pat Patterson in support of a management buyout from Colortree’s founders. Colortree was founded in 1988 and is based in Richmond, VA (www.colortree.com). 

Boathouse Capital invests mezzanine debt and equity in lower middle market companies in partnership with management teams and private equity funds. Boathouse will consider investments from $3 million to $10 million in either mezzanine debt or equity capital in companies with revenues of at least $10 million, EBITDAs of $2 million or greater and EBITDA margins of at least 10%. The firm is based in Wayne, PA (www.boathousecapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 1-29-13

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