DALLAS and CLEVELAND, May 2024 | Align Collaborate is pleased to announce its completion of an equity investment in Quality Discount Press Parts and Equipment, LLC (“Quality Press Parts” or the “Company”) in partnership with Valedor Partners and Acacia Advisors. Quality Press Parts is one of the leading value-added distributor of essential parts, accessories, supplies and equipment to the label printing industry. Valedor and Acacia partnered with Quality Press Parts to recapitalize the business to accelerate growth.
Quality Press Parts distributes parts, supplies, private label and refurbished equipment for the narrow-web flexographic printing industry with a focus on consumer and industrial label printing. The transaction was independently sourced by Cengiz Selman of Acacia Advisors, based in New York City, and led jointly with David Bloch and Barbara Palmquist of Valedor Partners, a Houston-based private equity firm.
“Quality Press Parts is a well-regarded provider of mission-critical items, and we are thrilled to establish the partnership with Valedor and Acacia,” said Align Collaborate Partner Michael Kornman. “We pride ourselves on being a value-added investor and look forward to supporting our partners during the next phase of growth, including add-on acquisitions,” said Align Collaborate Partner Grant Kornman.
“Align Collaborate’s flexible approach to structure and the team’s investment experience in deal-by-deal investing made them outstanding partners for this exciting growth investment,” said Valedor Partners’ David Bloch. Cengiz Selman of Acacia Advisors added, “Thanks to its keen focus on customer service, Quality Press Parts has enjoyed great success over its lengthy history. The Company is an attractive platform, and we are excited to accelerate its trajectory of growth through acquisition. I believe Align Collaborate is a good fit when it comes to supporting the Company’s M&A strategy.”
Principal Kurt Smentek and Senior Associate Scott Weiss worked alongside Michael and Grant Kornman on the transaction. Quality Press Parts was advised by Holland and Knight LLP, Valedor and Acacia were advised by Sidley Austin LLP, while Align Collaborate was advised by McGuire Woods LLP.
About Quality Discount Press Parts and Equipment, LLC
Quality Discount Press Parts & Equipment, LLC is a distributor and supplier of essential parts, accessories, consumables and supplies for label manufacturers with over 1,700 active customers and 23,000 SKUs. Headquartered in Egg Harbor Township, New Jersey, Quality Press Parts has been a leading distributor of narrow web flexographic products for over 20 years serving label manufacturers for both consumer and industrial brands. The Company also engages in the high-value refurbishment and resale of used printing equipment, plus the sale of private label parts and systems designed and manufactured in-house.
Disclosures: This press release is not an offer to sell securities or interests in any fund managed by ACP. The statements quoted above were made by persons who are not clients of ACP and they have not received compensation for the above statements. These statements are solely their opinion and representative of their experience with ACP.