M&A Deal Summary

Quad/Graphics Acquires LSC Communications

On October 31, 2018, Quad/Graphics acquired publishing company LSC Communications for 1.4B USD

Acquisition Highlights
  • This is Quad/Graphics’ 2nd transaction in the Publishing sector.
  • This is Quad/Graphics’ largest (disclosed) transaction.
  • This is Quad/Graphics’ 12th transaction in the United States.
  • This is Quad/Graphics’ 2nd transaction in Illinois.
Investment Fate
  • LSC Communications was divested to a consortium of buyers in 2020.

M&A Deal Summary

Date 2018-10-31
Target LSC Communications
Sector Publishing
Buyer(s) Quad/Graphics
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) BofA Securities (Financial)
Sullivan & Cromwell (Legal)

Target

LSC Communications

Warrenville, Illinois, United States
website
LSC Communications is a provider of digital print, print-related services, and office products that serves the needs of publishers, merchandisers, and retailers. The Company’s service offering includes e-services, warehousing and fulfillment, and supply chain management. LSC utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to customers, and improve efficiencies. LSC Communications is based in Warrenville, Illinois.

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Buyer(S) 1

Buyer

Quad/Graphics

Sussex, Wisconsin, United States

website


Category Company
Founded 1971
Sector Business Services
Employees15,800
Revenue 3.2B USD (2022)
DESCRIPTION

Quad/Graphics is a provider of print and multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products with 50-plus print-production facilities on three continents. Quad/Graphics was founded in 1971 and is based in Sussex, Wisconsin.


DEAL STATS #
Overall 15 of 17
Sector (Publishing) 2 of 2
Type (Add-on Acquisition) 15 of 16
State (Illinois) 2 of 2
Country (United States) 12 of 14
Year (2018) 4 of 5
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Peppermint

Warsaw, Poland

Peppermint Warszawa is a strategic and creative agency that specializes in creating and implementing print and digital campaigns. Services include launching new brands, formulating B2B and B2C communication strategies, designing advertising campaigns, and expanding and leveraging creative concepts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Periscope

Minneapolis, Minnesota, United States

Periscope, Inc. is a provider of manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.

Buy $133M