“This was a perfect acquisition for Grossman Marketing,” said GAA’s Evans. “Our client, PCI, was a smaller version of their company with a roster of longstanding and loyal clients and will fit in perfectly with Grossman’s culture.”
PCI’s work product has transitioned to Grossman, which is retaining all of PCI’s employees, who will work remotely. To help facilitate a seamless transition, Grossman Marketing has hired two PCI partners who will remain with the company for up to six months.
Always on the lookout for strategic acquisitions, the purchase of PCI is Grossman Marketing’s ninth in 11 years. “Buyers such as Grossman Marketing gain market presence and continue to grow by adding well-established meaningful customer relationships through M&A,” said GAA’s John Hyde, Esq., Managing Director, Special Situations, who frequently advises buyers on M&A transactions.
“GAA was instrumental in bringing this transaction to a successful conclusion,” said David Grossman. “They helped us craft a purchasing strategy and an offer that helped protect our interests while also helping the sellers achieve their goals and aspirations. GAA’s knowledge of the printing and graphic communications industry, and their experience of the ins-and-outs of M&A was invaluable.”
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