Superior Capital Partners, a Detroit-based private equity firm, has formed NAPC Holdings, an investment platform created to acquire the assets of Michigan-based National Archive Publish
Superior Capital Partners, a Detroit-based private equity firm, has formed NAPC Holdings, an investment platform created to acquire the assets of Michigan-based National Archive Publishing in a secured party sale.
NAPC Holdings will operate the business through two new subsidiaries, XanEdu Publishing and NA Publishing. The purchase price was not disclosed.
XanEdu Publishing is the nation’s largest publisher of customized educational coursepacks for the higher education market. Its customer base includes 75 per cent of the top 50 business schools in the country.
NA Publishing provides microform archiving of periodicals and journals for the library, higher education and healthcare markets. NA Publishing’s Periodicals in Microform programme comprises the largest historical archive of journals and magazines, with over 20,000 titles available in multiple archive quality formats.
Mark Carroll, Superior’s managing partner, says: "We are extremely pleased to partner with the NAPCH team and to sponsor the capitalization of two strong national publishing brands, XanEdu Publishing and Periodicals in Microform. Each offers unique opportunities to serve the higher education market and we are committed to expanding these businesses going forward. The NAPC Holdings investment fits squarely within Superior’s investment strategy of buying good companies with bad balance sheets and represents a compelling combination of assets with leading market positions in growing markets."
Daniel Arbour, chief executive of NAPC Holdings, adds: "Our team is extremely enthusiastic about partnering with Superior to continue the growth of the business. The de-leveraging that occurred through the transaction will enable us to invest in growth and to focus on expanding our publishing and archiving services to our customers."
