Allen Screen Printing is a screen-printer of point-of-purchase signs and displays, flat-bed digital printing on substrates, dimensional signage fabrication, inventory management and order fulfillment. The customers of Allen are primarily active in the consumer retail, and grocery & convenience store markets. The company is headquartered in Scarborough, ME (www.allenscreenanddigital.com).
“Allen has a well-regarded reputation in the grocery and convenience store market. This will allow us to have a major presence in a specialty niche which was one of our key strategic initiatives for 2015,” said Brad Wolf, President and Chief Executive Officer of Identity Group.
Ancor Capital – in partnership with Merit Capital Partners and PNC Mezzanine Capital – acquired Identity Group in May 2014. “When we acquired Identity Group we teamed up with Merit and PNC Mezzanine with the intention of growing the company by acquisitions as we recognized the fragmented nature of the industry. This is the first of what we believe will be many acquisitions for the Identity Group,” said Randall Keene, Ancor Managing Partner.
Identity Group is a manufacturer of custom signage. The company’s abilities in customization allow it to produce high-volume, custom orders for businesses nationally and internationally. In addition to interior signage, Identity Group’s products also include sign systems; dimensional lettering; stock signs; custom and stock stamps; and embossed, engraved, or printed identity products. The company is based east of Nashville in Cookeville, TN (www.identitygroup.com).
“Part of the growth strategy for the Identity Group is to acquire other providers of interior signage in market niches such as health care, hospitality and grocery, and Allen fits perfectly within this strategic strategy,” said Mr. Keene.
Ancor Capital Partners invests in companies with enterprise value of $25 million to $150 million that have EBITDAs from $5 million to $15 million. Sectors of interest include manufacturing, distribution, health care, consumer staples, and outsourcing. The firm is based in Fort Worth (www.ancorcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-9-15