AVISTA CAPITAL PARTNERS COMPLETES ACQUISITION
OF A CONTROLLING INTEREST IN IWCO DIRECT
Chanhassen, MN (August 7, 2007) – IWCO Direct, the nation’s
leading provider of integrated direct mail production services and
solutions, announced that Avista Capital Partners has completed its
acquisition of a controlling interest in IWCO Direct from Court Square
Capital Partners, effective today. IWCO Direct’s executive
management team continues to operate the company and remains meaningful
shareholders. IWCO Direct anticipates continued growth, which will
include strategic acquisitions and expansion of its integrated services
platform into the western part of the U.S. Terms of the deal
were not disclosed.
About Avista Capital Partners
Avista Capital Partners is a leading private equity firm with offices
in New York, NY and Houston, TX. Founded in 2005, Avista manages $2.0
billion in private equity capital. Avista's strategy is to make controlling
or influential minority investments primarily in growth-oriented media,
healthcare and energy companies. Through its team of seasoned investment
professionals and industry experts, Avista seeks to partner with exceptional
management teams to invest in and add value to well-positioned businesses.
For more information, visit www.avistacap.com.
About IWCO Direct
IWCO Direct (www.iwco.com) has served the direct marketing needs
of North American companies for more than 35 years. With production facilities
in New York, Minnesota and North Carolina, IWCO Direct
is one of the nation’s fastest growing providers of direct marketing
solutions. IWCO Direct provides
direct marketing like no one else by seamlessly supplying all direct
mail production services – print, envelope, plastic, mailing, fulfillment,
and data services – in an integrated “total package” supply
chain solution. IWCO Direct pioneered commingling and continues to provide
its customers with dramatic postage savings and faster time to market
through its proprietary IWCO P.O.S.T. (Postal Optimization Strategy and
Technologies) and RideShare™ commingling and logistics management
programs.
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