FORT WORTH, Texas--(BUSINESS WIRE)--Ancor Capital Partners is pleased to announce that Identity Group Holdings Corporation has completed the acquisition of Allen Screen Printing, Inc. Based in Scarborough, Maine, Allen Printing has a broad range of capabilities that include traditional screen-printing of point-of-purchase (POP) signs/displays, flat-bed digital printing on substrates, dimensional signage fabrication, inventory management and order fulfillment. The primary markets for Allen are in retail, grocery/convenience stores and specialty printing on materials used in those markets.
Identity Group manufactures custom identity products engineered to communicate a brand, message, location, or creative theme. The company is best known for manufacturing and marketing customized interior signs. Identity Group’s mass customization capabilities allow it to quickly produce high-volume, custom orders for businesses nationally and internationally. In addition to interior signage, Identity Group’s products include sign systems, dimensional lettering, stock signs, custom and stock stamps, and embossed, engraved, or printed identity products.
Randall Keene, Ancor Managing Partner, said, "When we acquired Identity Group in May of 2014 we teamed up with Merit Capital Partners and PNC Mezzanine with the intention of growing the company by acquisitions as we recognized the fragmented nature of the industry. This is the first of what we believe will be many acquisitions for the Identity Group.” Keene continued, “Part of the growth strategy for the company is to acquire other providers of interior signage in market niches such as health care, hospitality and grocery, and Allen fits perfectly within this strategic strategy.”
Brad Wolf, President and Chief Executive Officer of Identity Group, said “Allen’s well-regarded reputation within the grocery/convenience store market segment allows us to have a major presence in a specialty niche which was one of our key strategic initiatives for 2015.” He continued, “We are excited to enter into this niche with such a well-regarded industry player as Allen, which puts us well on our way to achieve our 2015 plan.”
Ancor Capital Partners, based in Fort Worth, Texas, is an operations-oriented private equity firm focused on lower middle-market manufacturing and distribution companies with EBITDA of $5-$15 million. Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies.
Ancor’s proven track record includes 38 acquisitions to date in health care, consumer and other industries.
Ancor Capital Partners – http://www.ancorcapital.com
Identity Group Holdings – http://www.identitygroup.com