Harvard Card Systems has been sold to PLI Card Marketing Solutions
Lincoln International is pleased to announce that Harvard Card Systems, Inc. has been acquired by PLI Card Marketing Solutions, a portfolio company of Platinum Equity.
Harvard Card Systems, Inc. (Harvard) is a leader in the closed-loop card printing and gift card manufacturing industry. The company is one of the largest, privately-owned card personalization and fulfillment companies in the U.S., with a full-service and vertically-integrated platform to provide a true “one-stop” shop for customers. Harvard’s comprehensive suite of closed-loop card products and customized solutions, in tandem with highly sophisticated automation and industry-leading facilities, technology and equipment allow the company to service the complete design and production needs of customers. Harvard is headquartered in Los Angeles, California.
Lincoln International acted as the exclusive investment banking advisor for Harvard, 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.
Michael Tang, Founder-Owner and CEO of Harvard commented, “Lincoln’s ability to customize the process and adapt quickly proved instrumental in our successful process. Their highly dedicated team of bankers provided sound advice every step of the way, and I couldn’t imagine a better experience as a first-time seller of a company.”
Roby Sanchez, Vice President of Business Development at Harvard, added, “The Lincoln team did an excellent job supporting management throughout the process – allowing us to focus on running the company. We are extremely excited to be joining PLI Card Marketing Solutions to become the dominant player in the market.”
The terms of the transaction were not disclosed.
About PLI Card Marketing Solutions
PLI Card Marketing Solutions (PLI) is a global provider of card production, card personalization, fulfillment, direct mail, advertising and marketing collateral and all print services with four production facilities and warehouses located in Asheville, North Carolina, North Las Vegas, Nevada, Romeoville, Illinois and St. Louis, Missouri, including international worldwide customer support through distribution centers in Canada and the Netherlands. PLI is a leading card producer in the commercial card market with more than 1,000 employees nationwide and 450,000 square feet of total manufacturing space. The company manufactures cards produced from a variety of materials, producing more than 1.6 billion cards annually.
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