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Dresner Partners Advises Production Services Associates in Recapitalization
Investment Supports Company’s Strategic Growth Initiatives
CHICAGO – October 30, 2006 – Dresner Partners, a leading middle-market investment bank, announced today that it served as the financial advisor to Production Services Associates, Inc. (PSA) in its recapitalization with Norwest Equity Partners (NEP) to pursue its long-term strategic growth initiatives. Financial terms of the transaction were not disclosed.
Founded in 1992 and headquartered in Deerfield, Illinois, PSA is a leader in production services for the direct mail and plastic card industries. The Company focuses on designing and managing fast-paced, high volume direct mail and plastic card production programs through its comprehensive suite of production services including: direct mail; plastic card production and personalization; specialty printing; promotional CD-ROMs; fulfillment; creative services and dimensional mail.
Headquartered in Minneapolis Minn., NEP is a private equity firm with $3 billion in capital under management focused on investments in growing and profitable middle market companies.
Steven M. Dresner, president of Dresner Partners said, “This transaction, led by one of our partners, Gregg Pollack, epitomizes our expertise in advising privately-held businesses throughout their lifecycles and assisting them in identifying and implementing growth opportunities. We are pleased to have advised PSA in this transaction, which will help the company solidify its position as a market leader in the $57 billion direct mail industry.”
“We are extremely pleased with the outcome of this transaction and truly value our new partnership with NEP,” said Richard Biller, chief executive officer and founding shareholder, PSA. “Dresner Partners played a critical role as our financial advisor, and I am confident this transaction will help us capitalize on our current and future strategic growth initiatives.”
About Dresner Partners
Dresner Partners is a NASD-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the United States, including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in investor and public relations. More information is available via the Internet at http://www.dresnerpartners.com/.
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David Gutierrez, Dresner Corporate Services, 312.780.7204, firstname.lastname@example.org