MOUNTAIN LAKES, NJ, July 11, 2023 - Graphic Arts Advisors, a leading mergers and acquisitions advisory firm, is pleased to announce the successful sale of CityPress Inc., located in Waukesha, Wisconsin to Steve Bates. Graphic Arts Advisors represented the seller in the transaction.
Bates, a seasoned industrial sales professional, was drawn to CityPress for more than just the financials. "The owners clearly cared about their people and took pride in what they had built over their nearly 50 years of ownership," said Bates. "They cultivated a legacy and experienced staff, and, as the new owner, it is something that we all want to build upon."
CityPress Inc is a leading commercial printing company with a reputation for quality and service. The company has loyal and dedicated workers, many of whom have been with the company for many years. Combined with Bates' investment in advanced technology post-acquisition, the company is poised for growth and success.
Graphic Arts Advisors’ Director Michael Wurst played a key role in facilitating the transaction. "The transaction would not have happened without Graphic Arts Advisors recognizing the fit between myself, the owners, and the company,” said Bates. “They saw the fit before we saw it ourselves.”
"We were delighted to find a buyer interested in building on the legacy of CityPress. This is beneficial to the customers and employees both, to maintain continuity and bring in fresh ideas for growth." Wurst shared. "The sale of CityPress to a professional executive who is new to the printing industry is indicative of a trend we see in the market for profitable commercial printing companies: confidence by investors in the long-term prospects of print.”
About Graphic Arts Advisors:
Graphic Arts Advisors, LLC is an M&A advisory and consulting firm focused exclusively on the printing, packaging, mailing, marketing production services, and related graphic communications industries. Graphic Arts Advisors publishes The Target Report, a leading monthly trade commentary and overview of industry direction based on publicly reported transactions. Graphic Arts Advisors is headquartered in Mountain Lakes, NJ with advisors throughout the US.
Contact:
Senior Managing Director Graphic Arts Advisors mark@graphicartsadvisors.com
973-588-7399
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