Crescenda announces the sale of Digigraphics, Inc.
Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, DigiGraphics, Inc. was acquired by Imagine Print Solutions, Inc. The deal closed last week.
Founded in 1979, DigiGraphics has grown to become one of the highest quality large format digital print providers in the Midwest. Providing large format graphics, museum display graphics, and environmental signage in a custom built, state-of-the-art facility, DigiGraphics offers a full range of digital inkjet and photographic print and fulfillment services. DigiGraphics also offers customers direct to fabric printing capabilities, custom framing and large format fine art printing and scanning. "DigiGraphics is a highly customer-focused company that will enhance our print-on-demand initiative and continue to expand our capabilities as we look for additional ways to service our clients efficiently," commented Bob Lothenbach, owner and President of Imagine Print Solutions. "Our acquisition strategy is to develop a complementary set of companies to solve our customers’ design, print and distribution requirements. DigiGraphics is an excellent first acquisition for us.”
Craig Mandery, Vice President of Imagine added, "DigiGraphics has diversified itself well beyond photo reproduction and traditional ink on paper printing to provide an end-to-end solution, including consultation, output, mounting options, display hardware and installation. We expect significant synergies will be created between our two companies.” Bob Remakel, owner and President of DigiGraphics commented, "Partnering with Imagine Print Solutions will bring DigiGraphics additional capabilities and resources that will allow DigiGraphics to expand our service offerings to our customers while remaining independent. We look forward to working with Imagine! to create new opportunities for our customers and employees."
Remakel added, “We had been approached by other companies, but I believe the partnership with Imagine will allow us to continue to build DigiGraphics by providing the support and financial resources to grow much faster than we would be capable on our own”
Imagine Print Solutions, Inc., headquartered in Minneapolis, Minnesota, has sales of $157 million and is North America's leading independent large format and commercial printing company. With over 600,000 square feet of production space under one roof and a growing network of affiliate companies Imagine offers unsurpassed capabilities, and the highest level of technology, efficiency and service. With our national sales force in virtually every region of the country they are able to provide service and consultation at a moment’s notice.
Crescenda Investment Banking Advisors (Crescenda, LLC) represented DigiGraphics, Inc. as sell-side advisor. Jim Odney handled the sale for Crescenda.
www.imagineps.com
www.digidigi.com
About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm specializing in representing privately held businesses in the sale of their companies.
Jim Odney, Managing Director Crescenda, LLC 515 Evergreen Ln N Plymouth, MN 55441 Ph: (763) 545-1886 Fx: (763) 545-1898
jim@crescenda.com www.crescenda.com