In a significant transaction highlighting the strategic investment approach of Ancor Capital Partners, the private equity firm, alongside Merit Capital Partners and PNC Mezzanine Capital, has successfully acquired IDG Holdco LLC, known as Identity Group. The announcement, made by Lincoln International, who acted as the exclusive financial advisor, underscores Ancor Capital Partners‘ commitment to investing in established and high-potential businesses.
Identity Group, headquartered in Cookeville, Tennessee, since its founding in 1959, stands as a premier manufacturer of custom interior signs and consumer business products. The company has carved a niche for itself by offering a comprehensive range of high-quality, custom-designed products that effectively communicate brand identities, messages, and themes. Leveraging advanced mass customization capabilities, Identity Group efficiently handles large-volume, bespoke orders for a diverse clientele across national and international markets. Their customer base spans various sectors, including hospitality (hotels), healthcare (hospitals), construction (general contractors, design and build firms), office supplies (office products distributors), retail, and the burgeoning e-commerce industry. More details about Identity Group’s operations and offerings can be found at www.identitygroup.com.
The successful acquisition process was lauded by Identity Group’s leadership. Lawrence Hirsh, Chairman of the Board, praised Lincoln International for their “thoughtful and aggressive, customized marketing effort” that fostered a competitive environment, ultimately leading to “attractive alternatives for the shareholders with a very favorable outcome.” He further emphasized Lincoln’s team’s “tremendous leverage and assistance” in providing expertise and guidance throughout the sale.
Echoing this sentiment, Brad Wolf, President of Identity Group, highlighted Lincoln’s proactive approach from the initial engagement to understanding their business and effectively communicating their story to potential partners like Ancor Capital Partners. Wolf noted Lincoln’s “astute guidance” in finding a partner with the “vision and the tools” to support Identity Group’s continued growth trajectory.
This transaction not only marks a strategic addition to Ancor Capital Partners‘ investment portfolio but also exemplifies Lincoln International’s expertise in facilitating successful middle-market transactions. Their role as the exclusive financial advisor was pivotal in navigating the complexities of the sale process, ensuring a beneficial outcome for all parties involved.
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