Investcorp acquires Archway Marketing Services, Inc.
NEW YORK, July 9, 2012 /PRNewswire/ -- Investcorp, the alternative investments specialist, announced today its acquisition of Rogers, Minnesota-based Archway Marketing Services, Inc., a provider of marketing logistics and fulfilment services in North America, for approximately $300 million, which represented less than 10x EBITDA.
Archway utilizes a sophisticated technology platform to execute sales and marketing programs by procuring, managing and distributing marketing materials, in-store signage, samples and products on behalf of its large group of Fortune 500 clients. The company operates over four million square feet of warehouse facilities across fourteen major metropolitan areas throughout the United States and Canada. Investcorp will work closely with Archway's management team to further grow its customer base and consolidate the industry.
"Over the past four years, despite economic headwinds, Archway has more than doubled in size, broadened its service offerings, and emerged a leader in the marketing logistics and fulfilment industry," said Chris McCollum, Managing Director at Investcorp. "We look forward to partnering with Archway to continue this strong growth and expansion of its leadership position in this growing industry."
Archway was acquired from an investor group led by Tailwind Capital, Black Canyon Capital and members of the management team.
"Investcorp's operational and financial resources are tremendous assets to Archway as we seek to build on our success - increase our scale, broaden our service offerings and become more valuable to the clients we serve," said Clay Perfall, CEO of Archway. "We're excited by the opportunity to continue our progress with the support and sponsorship of Investcorp."
GE Capital Markets, Inc. and ING Capital LLC served as Joint Lead Arrangers and Administrative Agents of the senior debt financing. The mezzanine financing was provided by Audax Group and Oaktree Capital Management, L.P.
Investcorp was advised by PricewaterhouseCoopers, Gibson Dunn & Crutcher and K-2 Partners. Piper Jaffray & Co. also acted as financial advisor to Investcorp. Robert W. Baird & Co. Incorporated acted as sellside advisor for Tailwind Capital and Black Canyon Capital.
Investcorp is a leading provider and manager of alternative investment products. Investcorp has offices in New York, London and Bahrain and is publicly traded on the Bahrain Bourse (INVCORP). Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at December 31, 2011, Investcorp had $11.6 billion in assets under management.
Further information is available at www.investcorp.com
Archway is a leading provider of marketing logistics and fulfillment services. Archway's solutions include fulfillment services, vendor management, digital print, print management, transportation management, consumer promotions, business intelligence and decision support. Each solution is designed to reduce the cost of marketing logistics, improve marketing execution and enhance the brand experience at every touch point of their clients' marketing initiatives. Archway has been ranked on the Inc. 500|5000 list of the fastest growing private companies for three consecutive years. Archway has approximately 1,800 employees and operates four million square feet of distribution space in fourteen major metropolitan areas in North America. For more information visit www.archway.com
More by this Source
Investcorp acquires real estate assets valued at $250 million
Nov 05, 2013, 09:00 ET
Investcorp appoints Lionel Erdely as Head of Hedge Funds, Chief Investment Officer
Oct 14, 2013, 01:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.