M&A Deal Summary

Deluxe Acquires Custom Direct

On April 12, 2010, Deluxe acquired business services company Custom Direct from EdgeStone Capital Partners and Chatham Capital Partners for 98M USD

Acquisition Highlights
  • This is Deluxe’s 3rd transaction in the Business Services sector.
  • This is Deluxe’s 5th largest (disclosed) transaction.
  • This is Deluxe’s 7th transaction in the United States.
  • This is Deluxe’s 1st transaction in Maryland.

M&A Deal Summary
Date 2010-04-12
Target Custom Direct
Sector Business Services
Buyer(s) Deluxe
Sellers(s) EdgeStone Capital Partners
Chatham Capital Partners
Deal Type Add-on Acquisition
Deal Value 98M USD

Target

Custom Direct

Joppa, Maryland, United States
Custom Direct is a provider of consumer checks, selling under multiple brands including the Check Gallery(R), Styles Checks(R) and Artistic Checks(R) names

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Buyer(S) 1

Buyer

Deluxe

Minneapolis, Minnesota, United States
Category Company
Founded 1915
Sector Business Services
Employees5,170
Revenue 2.2B USD (2023)
DESCRIPTION
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.

Deluxe offers a diversified range of products and services to businesses of all sizes. The Company's products and services include customized checks and forms, as well as website development and hosting, email marketing, social media, search engine optimization and logo design. Deluxe was incorporated in 1915 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 8 of 21
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 8 of 20
State (Maryland) 1 of 1
Country (United States) 7 of 18
Year (2010) 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 MerchEngines

Beverly Hills, California, United States

MerchEngines is an online advertising customer acquisition platform provides lead generation and call tracking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 Banker s Dashboard

Stockbridge, Georgia, United States

Banker’s Dashboard, a software-as-a-service company that provides banks with daily, on-demand access to their total financial picture.

Buy -

Seller(S) 2

SELLER

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.

DEAL STATS #
Overall 16 of 25
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (Maryland) 1 of 2
Country (United States) 3 of 6
Year (2010) 1 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-12 EZShield

Nottingham, Maryland, United States

EZShield, Inc. is a provider of fraud protection to consumers and small business customers through trusted partners in the financial services, benefits/payroll, insurance, telecommunications and warranty markets. EZShield full range of identity theft and fraud services are offered on a secure, flexible platform and backed by best-in-class customer support. EZShield was founded in 2001 and is based in Nottingham, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-27 BreconRidge

Ottawa, Ontario, Canada

BreconRidge is a provider of a full range of electronics manufacturing services ('EMS') from facilities located in Canada, the United States, the United Kingdom and China.

Sell $53M
SELLER

Chatham Capital Partners

Atlanta, Georgia, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chatham Capital Partners is a mezzanine finance firm that provides capital to lower middle-market companies. Chatham looks for investments in healthcare, manufacturing, and service companies with revenues of $10 to $50 million. Chatham will consider opportunities across the US with a preference for companies located in the Eastern and South regions of the US. Chatham will not consider early-stage, venture capital or real estate investments. Chatham was formed in 2001 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 8 of 17
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 4 of 8
State (Maryland) 1 of 1
Country (United States) 8 of 17
Year (2010) 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Palm

Coppell, Texas, United States

Palm Beach Tan is an operator of tanning salons that features the proprietary Mystic Tan product, which provides a faster, healthier approach to tanning. Palm Beach Tan was formed in 1990 and is based in Coppell, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Preferred Medical Claim Solutions

Scottsdale, Arizona, United States

Preferred Medical Claim Solutions (PMCS) is a progressive, transaction-based healthcare network dedicated to serving payers, providers, and patients, by providing proven revenue cycle management solutions that reduce healthcare costs. Preferred Medical Claim Solutions was formed in 1998 and is based in Scottsdale, Arizona.

Sell -
Mergr

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