"The acquisition of Corvest and its three world-class brands, Adva-Lite, Toppers and It’s all Greek To Me, brings incredible assets and opportunities to the CPE family of brands."
Santa Fe Springs, CA (PRWEB) May 13, 2010
CPE, in the continuous process of acquiring distressed corporations and vertically integrating them into its current business infrastructure, has acquired the assets of Corvest, a top 40 promotional products supplier headquartered in Largo, Florida.
According to Bernard Findley, Managing Member of CPE as well as CEO of each of its operating businesses, “the acquisition of Corvest and its three world-class brands, Adva-Lite, Toppers and It’s all Greek To Me, brings incredible assets and opportunities to the CPE family of brands. By acquiring Corvest, we’ve also obtained access to an expansive sales channel.” Findley adds that, “Corvest now has the opportunity to diversify its product line while providing its customers with lower-cost items that are manufactured in the Tijuana, Mexico facility of its sister company, Siglo Holdings, Ltd. We also look forward to utilizing the Tijuana facility to give Corvest a bi-coastal distribution presence which will lower costs and shorten delivery times for its customers.”
Findley and the Corvest management team are currently developing strategies to re-market the business and further develop relationships with key customers and vendors.
About Corvest Private Equity, LLC. (CPE):
CPE is an investment vehicle that manages businesses in the manufacturing, promotional products and direct marketing industries. CPE’s vertically-integrated businesses design, manufacture and market a variety of products ranging from photo presentation and office organization products to signs. With the acquisition of Corvest, CPE has recently added plush toys, flashlights and tote bags to its product line. The business operates out of more than 350,000 square-feet of combined manufacturing, warehousing, distribution and corporate office space in Santa Fe Springs, California, Largo, Florida and Tijuana, Mexico.
*Disclosure Notice: Corvest Acquisition, Inc. owns the brands Adva-Lite, Toppers, and It’s all Greek To Me. Russell Miller Acquisition, Inc. owns the brands R&M, NCS, SaleSigns and Valu Display. NCD Acquisition, Inc. owns the brands Light Impressions, Century Business Solutions, Century Photo and FileRite. TLC Acquisition Inc. owns Laserline.