Sovereign Business Forms, Inc. - Tombstone - Sale

Case Study – Strategic Sale

Sovereign Business Forms, Inc. is a full-service printer of quality, custom business forms and checks sold exclusively to the trade or wholesale distribution channel.  The company specializes in producing forms that are needed to meet time sensitive or very short lead times of its customers.


  • Management and shareholders were interested in exiting the business while monetizing their investment
  • Anderson LeNeave had previously worked with management to recapitalize the company, financing out a long-term equity investor which allowed management to own 100% of the business


  • Mature industry with low growth and very few consolidators

Successful Solution:

  • Anderson LeNeave approached a focused group of strategic buyers.  Sovereign was sold to Ennis, Inc. (NYSE: EBF).