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Graphics Arts Advisors is pleased to announce the acquisition of Millennium Marketing Solutions by Ironmark.
Millennium Marketing Solutions started as a graphic design company in 1990, acquired a small printing company in 1997, and eventually evolved into a fully integrated marketing agency. Janice Tippett is the founder and former president of Millennium, and her sister and vice president was Jody Franklin’s partner.
After 32 years in business, Tippett and Franklin began considering an exit strategy. They started a conversation with Graphic Arts Advisors (GAA). After careful consideration of available options, Partner asked his GAA to conduct an exclusive confidential outreach program, resulting in a successful sale to Ironmark. Janice Tippett is currently Vice President of Strategy Development at Ironmark, a leading digital and print marketing company.
GAA is an M&A advisory and consulting firm specializing in the printing, packaging, mailing and marketing production services and related graphic communications industries. Senior Managing Director Mark Hahn and Managing Director Mitchell Evans worked closely with Janice and Jody to prepare for the market, reaching out to carefully selected prospects and providing advice during the negotiation process. .
“They understand the industry and where it needs to grow. They knew what companies were looking at us and why they were interested,” said Ti. Pet said. “What I love about Mark and Mitch is the balance of knowledge and passion. They know the numbers inside out. We were able to use our knowledge to bring both parties together in a positive way.”
Millennium was poised for acquisition by another company at the start of the pandemic. That sale was put on hold and eventually he pitched the company to GAA to his Ironmark.
“We knew the people at Ironmark and were aware of their acquisition goals,” says Hahn. “This background knowledge made me feel very strongly that I was the perfect strategic, cultural and financial fit.”
“When Post Capital Partners came on board and informed us of their intention to acquire Ironmark, everything was set and everyone was aiming for a January closing,” Hahn added. We knew the people at Post Capital and were aware of their approach to investing based on backing a highly capable leadership team such as Ironmark.
“For everyone involved, Millennium fit nicely into Post Capital’s approach and endorsed Ironmark’s plans to acquire Millennium,” explained Evans. “We put a pencil on the millennium until the deal with Post Capital was completed in June. All parties quickly picked up where they left off and signed the Millennium Agreement shortly thereafter.”
Throughout the process, Tippett was very sensitive to confidentiality — so her employees, customers, and competitors would know about the termination before it was completed. We kept it completely confidential and continued to navigate in everyone’s best interest,” said Tippett.
Source: Graphic Art Advisors
The previous press release was provided by a company independent of Impression printingViews expressed internally do not directly reflect the thoughts and opinions of the staff of Impression printing.
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