Mergers and Acquisitions — Deals That Make Sense

The top 20 of the Printing Impressions 400 continues to shrink as the industry continuously evolves and shrivels, then evolves some more. Look at the list from 10 years ago; it is amazing to consider the consolidation that has taken place in so short a time frame.

Where is it all going? Well, the strait-laced commercial printer isn’t finding a huge list of suitors knocking at his door, not on the grand scale at least. Harris DeWese, chairman and CEO of Compass Capital Partners in Exton, PA, and a leading industry transactional advisor, notes that there is but one national buyer of commercial shops in the $10 million-plus range (Consolidated Graphics), while the under-$10 million rank isn’t served by a national concern. Thus, DeWese believes we will see more marriages between regional competitors.