New equity firm to invest in printing companies.
Roy Grossman and Charles (Chip) Stine announced today that they have formed MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. , LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , of New Canaan New Canaan (kā`nən), town (1990 pop. 17,864), Fairfield co., SW Conn.; settled c.1700, inc. 1801. It is mainly a residential town and suburb of nearby New York City. Silvermine Guild Arts Center is located there. , CT, USA, as a vehicle for making investments in printing-related companies with revenues in excess of $5 million. Target segments include digital printing companies with sophisticated variable data printing capabilities, specialty direct mail, packaging and label companies, and large format printers. MSP has engaged Paul V Paul V, 1552–1621, pope (1605–21), a Roman named Camillo Borghese; successor of Leo XI. He was created cardinal (1596) by Clement VIII and was renowned for his knowledge of canon law. . Reilly of Compass Capital Partners of CO, LLC, to assist in evaluating investment opportunities and to raise additional investment funds Noun 1. investment funds - money that is invested with an expectation of profit
assets - anything of material value or usefulness that is owned by a person or company .
"We have significant funds ready to be invested in the fast growing and exciting segments of the printing industry," Grossman says. "We see many opportunities to create a great company providing unique solutions from multiple locations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Grossman points out that while the printing industry at large continues to struggle, there are a number of firms that have made the transition from print service provider to marketing services provider, focusing on helping customers make effective use of their I data and other market resources rather than focusing solely on production of print. "Those are the firms that are doing extremely well despite the economy," he notes. "We have been on the road talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to"
rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to a number of them over the last four months, and we are energized. We have some terrific prospects, and we expect to begin announcing deals in the first quarter of 2009."
Stine adds, "In addition to investment capital and industry experience, we both bring the significant operating and sales expertise that is critical to driving growth in any investment opportunity. Both Roy and I continue to support both printers and print buyers in executing their printing strategy."
Both Grossman and Stine have worked in management at Sandy Alexander, a printing company based in Clifton, NJ, USA, which has label printing capability at its Staten Island, NY, USA, plant.