Company Overview

Mark Andy, Inc. serves the global packaging industry through a variety of equipment, aftermarket parts & service, and related consumables. Mark Andy focuses on flexographic and digital printing technologies for label, flexible packaging, and folding carton applications.

Partnership Overview

Acquisition Dynamic / AIP Differentiation

  • Proprietary acquisition in broken auction process
  • Pre-negotiated add-on acquisition
  • AIP experience in lean, procurement, product line rationalization, centralized machining, facility consolidation

Investment Rationale

  • Global leader in niche printing market
  • Engineering centric business comprised primarily of design and assembly manufacturing processes
  • Large installed customer base with high margin recurring revenue
  • Attractive product offering and potential to penetrate large addressable market

Value Creation Accomplishments

  • Introduced industry-leading family of new and innovative products
  • Consolidated manufacturing facilities from three to one
  • Executed three add-on acquisitions which diversified the product line
  • Implemented lean manufacturing to increase revenue and gain market share by reducing lead times, lowering direct labor costs and increasing on-time delivery
  • Established highly efficient material management and product planning processes
  • Reorganized aftermarket business to drive growth and margin enhancement
  • Doubled EBITDA during ownership

Exit

Sold to Mark Andy’s CEO in August 2014

Company Highlights

Website

www.markandy.com

Sector

Printing & Packaging

Headquarters

Chesterfield, MO

Acquisition Year

2005

Exit Year

2014

Fund

AIPCF IV

Disclaimer: Please note, the above case study does not represent all of the types of investments AIP, LLC has made or the outcomes it has achieved during its lifetime. Each investor must consider whether private equity investments are suitable for their specific goals. Past performance is not indicative of future results. A comprehensive list of all investments along with Portfolio Company information and investment fund performance is available to qualified prospective investors who may be considering an investment in a fund advised by AIP, LLC.