Our strong position has attracted a solid financial supporter and partner. We look forward to continued growth supported by our new ownership. - Paul Brauss, CEO, Mark Andy, Inc
Immediately after the conclusion of Labelexpo in Chicago, the acquisition of narrow mid-web equipment specialist, Mark Andy by Morgenthaler Partners and Mark Andy management on September 15 was announced. Mark Andy, Inc had been owned by Dover Corporation since 1995.
Morgenthaler Partners is a buyout and venture-capital firm based in Cleveland, Ohio and Boston, Massachusetts.
Led by Mark Andy Management, the transition of ownership will be transparent to the industry and Mark Andy customers.
Mark Andy has continued to build a strong foundation of product offerings through three top brands: Mark Andy, Comco and UV Technology. In recent years, new technology innovation and new product advancements, along with strong sales and leadership, has given Mark Andy solid exposure throughout business investment circles. The acquisition is a result of this activity.
“Mark Andy is excited about our new ownership, Morgenthaler Partners," says Paul Brauss, CEO of Mark Andy, Inc. "We’ve worked very hard in the areas of product development and customer support which has dramatically improved our sales and market position. Our strong position has attracted a solid financial supporter and partner. We look forward to continued growth supported by our new ownership."
As part of the acquisition, the long-standing management team structure will continue: Paul Brauss, CEO; Mike Howard, VP Finance & CFO; John Howard, VP Engineering; Bill Thompson, VP Manufacturing; Greg Palm, VP Sales & Marketing and Adam Baer, VP Customer Support.
Mark Andy is a global manufacturer of narrow and mid-web printing and converting equipment. The company has a rich history of delivering solutions to increase productivity and profitability for the label and packaging markets. The company supplies leading global brands including Comco printing/converting machinery, Mark Andy printing/converting machinery and UVTechnology curing systems and replacement parts. Mark Andy, Inc. is headquartered in St. Louis, MO, with sales and distribution offices in France, Switzerland, and the UK.
Morgenthaler is a national buyout and venture-capital firm with offices in Boston, Mass.; Boulder, Colo.; Cleveland, Ohio; Menlo Park, Calif.; and Princeton, NJ. The firm has approximately US$2.5bn under management and has funded more than 250 companies over its 38-year history.
The firm’s buyout group focuses on the middle-market with transaction values between US$50 and $250m and EBITDA in excess of $10m. It has two primary target investment areas: high-value manufacturing and business services.
