130-Year-Old NYC Printer Acquired
Credit: Pixabay
NEW YORK - January 26, 2018 - The legendary Francis Emory Fitch Company, d/b/a Fitch Group, a digital print and graphic communications company, has been acquired by Topside Advisors, an acquisition vehicle owned by NYC businessman and digital entrepreneur, William Contessa. Contessa, a Marine Corp Veteran, received support from Veterans Capital, a Naples, Fla.-based alternative investment fund whose charter is biased toward helping veteran entrepreneurs.
In this case, both the managing director of Veterans Capital and Contessa are Vietnam era veterans. Recently, Contessa had his eye on acquiring Fitch Group, a 130-year-old graphic communications company located in Manhattan. Veterans Capital has committed to supply the capital necessary for the purchase of capital equipment to be used in the planned expansion of the business and to act as the company's financial advisor.
"There's a compelling story here," says Contessa, "a real New York story."
Contessa adds, "Fitch Group has long served the Wall Street community and was located downtown on Liberty Street. Fitch specializes in high-value, high-impact, time-sensitive, and digitally printed communications."
Contessa says that 9/11 had a devastating impact for the company, as well as its customers: "And it would have stayed that way had it not been for the incredible loyalty of those long-time customers, loans and payments from NYC and FEMA and sheer grit! This money allowed Fitch to stay in business and reemerge at its new location at 229 West 28th street."
Contessa concludes, "Smaller than pre 9/11, for sure, but with the help of partners like Veterans Capital, as both a lender and financial advisor, we are going to fix that and grow Fitch to a multi-channel customer communications company larger than ever and we will do it in Manhattan. And there will be a Fitch on the team, John Fitch IV, great, great grandson of the founder, continuing this 130-year-old legacy well into the 21 Century."
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.
