St. Louis, MO –
Capital For Business ® (“CFB”) is excited to announce the successful exit of Vanguard Graphics International (“VGI” aka “Printware” or “Inkjet”).
Located in Eagan, MN, VGI is an industry leading manufacturer and supplier of digital inkjet printing systems. Its flagship iJetColor presses are high -speed, full-color systems that are ideal for short-run jobs. Printware’s presses, software, and supplies allow commercial printers to profitably create personalized envelopes, direct mail, and custom packaging.
The transaction marks a new chapter for VGI as they join Peninsula Capital Partners and Pillsman Partners. CFB extends our thanks to our partners, Konza Valley Capital, Inc (“KVCI”) and Jefferson Capital Partners, and wishes VGI and their team the best of luck as they begin this next stage.
Tim Murphy, President and now CEO of Printware, stated, “This transaction is the result not only of a great team of people at Printware, but great capital partners like Capital for Business that over the past decade helped us develop and invest in cutting edge HP based inkjet technology that is transforming the print and packaging market. We will especially miss their cookie tins every season as they were the company favorites!”
Bill Witzofsky, Sr. Vice President, CFB, commented: “It has been a very rewarding experience working with the VGI management team and our investment partners as VGI transitioned its business from legacy computer-to-plate prepress solutions to a leading manufacturer and supplier of digital inkjet printing systems.
Hennepin Partners served as financial advisor and Husch Blackwell LLP served as legal advisor to CFB.
About CFB
With over 50 years of history, CFB is a national private investment firm focused on providing capital to businesses with proven management teams and a high potential for growth.
Our investment team, over their long history, have invested in more than 100 companies across a wide range of niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States, and currently manages over $300 million of capital.