09.27.18
Cimpress N.V. announced it has entered into a definitive agreement to acquire BuildASign, a fast-growing Internet-based provider of canvas-print wall décor, business signage and other large-format printed products.
“We are excited to welcome BuildASign to Cimpress. They bring strong talent, a customer-centric culture, low-cost production operations and strong e-commerce capabilities that work seamlessly together to serve customers with market-leading prices, fast delivery and great customer service,” said Robert Keane, president and CEO of Cimpress.
BuildASign website www.easycanvasprints.com delivers quality canvas prints to consumers at ideal prices, and websites such as www.buildasign.com provide a highly effective way for businesses to display their identity.
Consistent with Cimpress’ strategy, BuildASign will operate in a decentralized, autonomous manner, leveraging Cimpress’ shared strategic capabilities when they are valuable to BuildASign’s customer value proposition and financial returns.
“Cimpress will bring a long-term investment horizon, substantial procurement synergies and our mass customization platform (MCP) technology capabilities,” said Keane. “These added strengths will accelerate BuildASign’s already-fast growth in home décor and reinforce their market position with business signage.”
Under the terms of the agreement, Cimpress will acquire approximately 99% of the outstanding equity interests of BuildASign from its current owners, including majority owner PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners. The total valuation is approximately $280 million.
BuildASign’s unaudited revenue for the trailing twelve-month period ended Aug. 31, 2018, was approximately $129 million, reflecting year-over-year growth of greater than 20%.
Subject to satisfaction of various closing conditions, including antitrust clearance in the US, Cimpress expects the transaction to close as early as the beginning of October 2018.
“We are excited to welcome BuildASign to Cimpress. They bring strong talent, a customer-centric culture, low-cost production operations and strong e-commerce capabilities that work seamlessly together to serve customers with market-leading prices, fast delivery and great customer service,” said Robert Keane, president and CEO of Cimpress.
BuildASign website www.easycanvasprints.com delivers quality canvas prints to consumers at ideal prices, and websites such as www.buildasign.com provide a highly effective way for businesses to display their identity.
Consistent with Cimpress’ strategy, BuildASign will operate in a decentralized, autonomous manner, leveraging Cimpress’ shared strategic capabilities when they are valuable to BuildASign’s customer value proposition and financial returns.
“Cimpress will bring a long-term investment horizon, substantial procurement synergies and our mass customization platform (MCP) technology capabilities,” said Keane. “These added strengths will accelerate BuildASign’s already-fast growth in home décor and reinforce their market position with business signage.”
Under the terms of the agreement, Cimpress will acquire approximately 99% of the outstanding equity interests of BuildASign from its current owners, including majority owner PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners. The total valuation is approximately $280 million.
BuildASign’s unaudited revenue for the trailing twelve-month period ended Aug. 31, 2018, was approximately $129 million, reflecting year-over-year growth of greater than 20%.
Subject to satisfaction of various closing conditions, including antitrust clearance in the US, Cimpress expects the transaction to close as early as the beginning of October 2018.