Core Industrial Partners acquires TCG Legacy
Chicago-based private equity firm CORE Industrial Partners (CORE) has completed a platform investment in TCG Legacy (TCG Legacy), a leading marketing solutions provider, specialising in printing and packaging services for pharmaceutical, consumer products, technology and higher education companies and institutions.
TCG Legacy offers a wide array of marketing solutions and in-house manufacturing capabilities, integrating traditional print with a variety of comprehensive marketing programs, including electronic correspondence and social media. Headquartered in Raleigh, North Carolina, the Company operates a 70,000 square foot manufacturing facility with capabilities including cross-media marketing, variable data management, fulfilment, digital printing, offset printing, packaging and finishing. TCG Legacy serves a large, recurring customer base of well-entrenched clients, primarily comprised of pharmaceutical companies and higher education institutions.
John May, Managing Partner of CORE, says: “TCG Legacy is a well-established platform with a dedicated focus on customer service and broad in-house capabilities across both cross-media marketing and traditional print services. CORE intends to augment the Company’s existing capability set and geographic reach to build a national organisation, in part, through complementary acquisitions in what is a regional, highly fragmented industry.”
Frank Papa, Senior Partner of CORE, says: “The Company’s deep industry experience, turnkey marketing solutions and highly attractive end markets are all notable differentiators. We’re excited to partner with the Company’s management team to execute on a variety of exciting value creation opportunities and accelerate TCG Legacy’s growth.”
Pete Reckert, Co-President and Co-Founder of TCG Legacy, says: “For over 25 years, TCG Legacy has delivered award-winning, customer-centric print and packaging services. Our loyal customer base has enabled the Company to grow into a leading provider of marketing solutions for pharmaceutical, education and many other industries.
Bob Price, Co-President and Co-Founder of TCG Legacy, says: “On behalf of all of our valued employees, we look forward to partnering with CORE and leveraging their resources and printing industry expertise to enhance our unique offering.”
Winston & Strawn LLP provided legal representation to CORE in the transaction.