New Direction Partners Announces Sale Of TGC Legacy Print & Packaging Valley Forge, Pennsylvania based New Direction Part- ners announced that CORE Industrial Partners LLC, a Chicago-based private equity firm, has completed a plat- form investment in TCG Legacy, Inc., a leading marketing solutions provider specializing in printing and packaging services for pharmaceutical, consumer products, tech- nology and higher education companies and institutions. TCG Legacy offers a wide array of marketing solutions and in-house manufacturing capabilities, integrating tra- ditional print with a variety of comprehensive marketing programs, including electronic correspondence and so- cial 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, fulfillment, digital printing, off- set 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. “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 tra- ditional print services,” said John May, CORE’s Managing Partner. “CORE intends to augment the company’s exist-
ing capability set and geographic reach to build a nation- al organization, in part, through complementary acquisi- tions in what is a regional, highly fragmented industry.” Pete Reckert, Co-President and Co-Founder of TCG Legacy, said, “For over 25 years, TCG Legacy has deliv- ered award-winning, customer-centric print and packag- ing 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. Frank Papa, Senior Partner of CORE, said, “The com- pany’s deep industry experience, turnkey marketing solu- tions and highly attractive end markets are all notable dif- ferentiators. We’re excited to partner with the company’s management team to execute on a variety of exciting val- ue creation opportunities and accelerate TCG Legacy’s growth.” “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,” said Bob Price, Co-President and Co-Founder of TCG Legacy, said, Tom Williams, a Founding Partner at New Direction Partners (NDP), represented TCG Legacy in this transac- tion. “The NDP team is pleased to have represented our client working with the Core organization to structure a transaction for the benefit of both buyer and seller,” said Williams.
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www.boardconvertingnews.com
October 26, 2020
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