M&A Deal Summary

Kirkwood Printing Acquires Perrone Group

On July 14, 2011, Kirkwood Printing acquired marketing company Perrone Group from Wellfleet Capital Partners and TAG Venture Partners

Acquisition Highlights
  • This is Kirkwood Printing’s 1st transaction in the Marketing sector.
  • This is Kirkwood Printing’s 1st transaction in the United States.
  • This is Kirkwood Printing’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2011-07-14
Target Perrone Group
Sector Marketing
Buyer(s) Kirkwood Printing
Sellers(s) Wellfleet Capital Partners
TAG Venture Partners
Deal Type Add-on Acquisition

Target

Perrone Group

Braintree, Massachusetts, United States
Perrone Group is a provider of integrated direct marketing solutions. The company has consistently delivered results-oriented services for nonprofit institutions and a wide variety of companies in the private sector. Perrone Group was founded in 1981 and is based in Braintree, Massachusetts.

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Buyer(S) 1

Buyer

Kirkwood Printing

Wilmington, Massachusetts, United States
Category Company
Founded 1973
Sector Business Services
DESCRIPTION

Kirkwood Printing is a technology company focused on providing critical color offset printing services including consultation, craftsmanship, accountability, and value. Kirkwood Printing was formed in 1973 and is based in Wilmington, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 2

SELLER

Wellfleet Capital Partners

Cambridge, Massachusetts, United States

Investor

Category Merchant Bank
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Wellfleet Capital Partners is a merchant banking firm focused on advising and investing in lower middle-market businesses with $10 to $150 million in revenues and EBITDA of at least $1.5 million. The Firm looks for companies with defensible market positions and high operating margins. Sectors of interest include business services, branded consumer products, healthcare, food/beverage, niche manufacturing, and value-added distribution. Wellfleet will consider opportunities throughout the US and Canada. The Firm was formed in 1995 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 2 of 4
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 3
Country (United States) 2 of 4
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Americus Dental Labs

Jamaica, New York, United States

Americus Dental Labs, Inc was formed in 1994 through the consolidation of three NewYork based Dental laboratories including McAndrews Northern Dental Laboratories, Inc.Restor-a-Dent Dental laboratories, Inc and So-mar Dental Studios, Inc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-08 Senior Whole Health

Cambridge, Massachusetts, United States

Senior Whole Health LLC is a privately-held company offering intensive, integrated case management services for Medicare/Medicaid dual eligibles and Medicare Part D. Senior Whole Health was founded in 2004 and is based in Cambridge, Massachusetts.

Buy -
SELLER

TAG Venture Partners

Hingham, Massachusetts, United States

Investor

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

TAG Venture Partners is a private equity firm that invests in lower middle-market companies throughout North America. TAG generally looks to partner with management teams in pursuing high-quality 'niche' businesses. The Firm seeks controlling interests and targets businesses generating at least $1 million of EBITDA. Areas of interest include healthcare/medical, niche manufacturing, consumer, and business services. TAG Venture Partners was formed in 1997 and is based in Hingham, Massachusetts.

DEAL STATS #
Overall 2 of 4
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 2
Country (United States) 2 of 4
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 MedTest DX

Canton, Michigan, United States

MedTest DX, Inc. designs, manufactures, and markets a range of chemistry instruments and provides supporting reagents and instrument service to physician offices, hospitals, reference laboratories, and research facilities. MedTest Dx was founded in 2011 and is based in Canton, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Double E

West Bridgewater, Massachusetts, United States

Double E is a manufacturer of highly-engineered components for web converting applications. The company's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters, and roll movers. These products secure, straighten, apply tension, cut, and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

Buy -
Mergr

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