Timeline

Acquisition and Disposition Strategy:

  • Acquire core businesses operated by existing management teams
  • Strengthen and expand existing businesses to create additional free cash flow
  • Sell existing businesses or verticals when the selling price is favorable and will strengthen our financial position and flexibility to acquire new businesses

M&A History:

  • Acquired Faneuil and Phoenix between 2013 and 2015 for approximately $140.0 mm
  • Acquired three add-on businesses between 2016 and 2017 for approximately $30.0 mm
  • Acquired an additional add-on business in 2019 for $2.5 mm with an additional $7.5 mm in earnouts
  • Divested core businesses in 2021 and 2022 for approximately $275.0 mm
2013

Acquired Faneuil ($53.0 mm)

2014

Acquired Carpets ($5.0 mm)

2015

Acquired Phoenix Color ($88.3 mm)

2016

Color Optics ($6.6 mm)

(Phoenix Color add-on acquisition)

2017

Customer Management Outsourcing ($12.7 mm)

(Faneuil add-on acquisition)             

2017

Printing Components Business ($10.0 mm)

(Phoenix Color add-on acquisition)

2019

Realtime Digital Innovations ($10.0 mm)

(Faneuil add-on acquisition)

2022

Divested Faneuil’s Government Healthcare and Transportation verticals ($142.3 mm)

2022

Divested Phoenix Color ($136.4 mm)