Highland Park, Michigan (PRWEB) November 18, 2011
Budco, a leading fulfillment and direct marketing organization headquartered in Highland Park, Michigan, announced today that it has secured new investment capital that will help the company continue to expand.
Private equity firm Glencoe Capital has become a major investor in Budco. The firm manages the Michigan Opportunities Fund, which makes growth and equity investments in companies that conduct business operations in Michigan or in companies located outside of Michigan that demonstrate a viable strategy for expanding operations into the state.
During the last few years, Budco has expanded its Michigan-based operations, as well as added two East Coast-based facilities, added additional database marketing capabilities, acquired new technology to automate and streamline fulfillment operations and has significantly grown its client base, especially in the pharmaceutical and financial services industries.
“We are very excited about being better positioned to fuel our continued growth,” said Budco President and CEO Terry Niles.“ In the last two years we expanded our geographic footprint, broadened our overall capabilities and secured new clients. With Glencoe Capital as a new investment partner, we are poised to continue these efforts and strengthen our leadership position in the market.”
Glencoe Capital has successfully invested more than $1.4 billion in middle-market businesses across North America since 1993. The firm has offices in Chicago, Illinois, and Birmingham, Michigan.
Budco is a leading fulfillment and direct marketing organization headquartered in Highland Park, Michigan. As The Dialogue Company, Budco helps clients build strong relationships with business and consumer audiences by facilitating ongoing, two-way communication. Founded in 1982, Budco applies a suite of in-house resources to develop and execute innovative, end-to-end business solutions, delivering results that drive client success. Primary industry segments include automotive, pharmaceutical, health care, retail, travel and leisure and consumer packaged goods. For more about Budco visit http://www.budco.com.