Lincolnshire Management has acquired National Pen Company, a provider of direct mail promotional pens and other products. National Pen Company was a portfolio company of Berwind Corporation.
National Pen is a direct mail provider of personalized promotional products including pens, cups, mouse pads, calendars, shirts and bags. The company has a large and diverse customer base of approximately one million customers in the U.S., Canada, Europe, Australia and New Zealand. The company is headquartered in San Diego (www.nationalpen.com).
Lincolnshire is a middle market private equity firm that manages $1.7 billion and focuses on acquiring business platforms with $50 million to $500 million in revenue that can be meaningfully grown organically and through acquisitions. Lincolnshire has completed more than 70 acquisitions, and is currently investing its $835 million private equity fund, Lincolnshire Equity Fund IV. Founded in 1986, the firm is headquartered in New York and has offices in Atlanta, Boston, Chicago and Los Angeles (www.lincolnshiremgmt.com).
Berwind Corporation is a family-owned investment management company. Berwind targets middle market companies with transaction values of $75 million to $700 million, and focuses on manufacturing businesses in a range of industries including pharmaceutical, specialty chemical, office and craft, automotive, consumer and natural resources. . The company is based in Philadelphia, PA (www.berwind.com).
Harris Williams & Co. acted as the exclusive advisor to National Pen. The transaction closed on November 20, 2012, and was led by Patrick Hanraty, Nathan Bouknight and Justin Shuman from the firm’s Philadelphia office.
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-27-12
