Case Study – Strategic Sale
Stevenson Color, Inc., headquartered in Cincinnati, Ohio, is a fully integrated provider of graphics services to branded consumer products companies and retailers. Founded in 1926, Stevenson has more than 170 employees and is managed by the fourth generation of the founder’s family.
Due to shareholder concerns about confidentiality and the impact on customer relationships if a sale did not go through, Anderson LeNeave only approached a select group of six strategic buyers
The buyer revealed during negotiations that it was going through a sale process
Anderson LeNeave ran a competitive process that required interested parties to agree to definitive terms in the purchase agreement when submitting their letter of intent
Stevenson was sold to SGS International, a portfolio company of Onex Corporation