DETROIT, Sept. 10, 2014 /PRNewswire/ -- Huron Capital Partners ("Huron Capital") today announced it has sold its interest in OneTouchPoint Corp. ("OTP") in a recapitalization led by private equity firm ICV Partners. OTP provides clients in a wide array of end markets with document management solutions, marketing and communications services, marketing collateral management and fulfillment, data-driven digital print solutions, and digital media and e-business solutions.
Huron initiated the OTP platform in 2007 under the firm's ExecFactor buy-and-build investment model by partnering with industry veteran Tom Simunek to lead a strategic market-entry initiative. Under Simunek's leadership, the business expanded six-fold to over $137 million in annual revenue through internal operating initiatives and nine acquisitions. Headquartered in Chicago, OTP operates seven interconnected manufacturing and fulfillment locations throughout the United States.
Simunek said, "OneTouchPoint was formed through the financial sponsorship and strategic guidance provided by Huron Capital and their vision for the potential in the document production and marketing services industries. During our tenure together, the OneTouchPoint team has benefited significantly from the ongoing support and guidance provided by Huron's team."
David Reynolds, Partner at Huron Capital, added: "We are grateful for the tremendous efforts put forth by the OneTouchPoint management team. Individually, and as group, they consistently found creative and resourceful solutions that helped to grow revenues and expand margins. Through these efforts and our complementary acquisition strategy, we were able to create a more competitive company which is well positioned for continued success."
About Huron Capital Partners LLC
With offices in Detroit and Toronto, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its customized buy-and-build investment model. Huron prefers unique situations where it can help companies reach their full potential by combining its operational approach, substantial capital base and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 80 companies, and its portfolio companies have employed over 7,500 people throughout North America. The Huron ExecFactor buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs and management buyouts of companies having revenues up to $200 million. Huron's sector focus includes Specialty Manufacturing, Business Services, Consumer Goods & Services, and Healthcare. For more information, please visit www.huroncapital.com.
SOURCE Huron Capital Partners