BuildASign has been sold to Cimpress N.V.
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that BuildASign, LLC (“BuildASign”, “BAS” or the “Company”), a portfolio company of PWP Growth Equity (“PWP”), has been sold to Cimpress N.V. (Nasdaq: CMPR; “Cimpress”) for $280 million.
BAS is a fast-growing internet-based provider of canvas-print wall décor, business signage and other large-format printed products. Since the Company’s inception in 2005, BuildASign has set out to empower every individual and business to connect with those that matter most to them. Their focus is making it easy and affordable for people to share their message or tell their story with custom and personalized products. Over the past 12 years, the Austin, Texas-based company has grown to over 400 employees.
Chip Baird, Partner and Co-Founder of PWP Growth Equity, the mid-market private equity group of Perella Weinberg Partners, commented, “Lincoln’s knowledge of the ecommerce and web-based printing industries, along with their thoughtful advice, proved valuable throughout the process. Additionally, their ability to articulate the Company’s differentiated business model and unique competitive advantages to Cimpress was critical to our successful outcome.”
Bryan Kranik, CEO of BAS, added, “Lincoln took the time to develop a deep understanding of our business and thoughtfully conveyed our story. They provided helpful guidance and insight to the management team throughout the entire process and ultimately were able to help us find the right partner to drive continued growth.”
Chris Stradling, Managing Director in Lincoln’s Consumer Group, added, “We offer our congratulations to both the BAS and Cimpress teams on this transaction. The shared strategic capabilities between BAS and Cimpress uniquely positions the combined business for continued growth.”
Lincoln acted as the exclusive investment banking representative for PWP and BAS, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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