Kansas City (PRWEB) July 22, 2008
Amvest, a leading middle-market investment bank today announced that it advised Blackbird Capital Partners in the acquisition of the assets of the job lot paper division of the former Sabin Robbins Paper Company.
Blackbird Capital Partners, an affiliate of Blackbird Capital Group (http://www.blackbirdcap.com), has acquired the job lot paper division of the former Sabin Robbins Paper Company of Cincinnati, Ohio. Blackbird acquired the operating assets of the $75 million division through a secured party sale. The new entity will be known as Sabin Robbins, LLC (http://www.sabinrobbins.com). Amvest Financial Group, Inc. indentified the acquisition and advised Blackbird Capital Group.
Blackbird has appointed Ron Litton as President and CEO of Sabin Robbins, LLC. Senior debt financing was provided by Chase Business Credit, a division of JPMorgan Chase & Co. Equity was provided by Blackbird and a group of local investors.
About the new Sabin Robbins:
The former Sabin Robbins Paper Company has been a leading provider of job lot and first line paper to the commercial printing industry since 1884. The new entity will provide some first line but mainly job lot paper, in addition to offering new products and services to its customers. In addition to its corporate offices in Cincinnati, the company has converting operations in Mansfield, Ohio, and sales and distribution facilities in Cleveland, Atlanta, and Chicago.
About Blackbird Capital Partners:
Blackbird Capital Group is a private investment firm that provides capital to and acquires distressed businesses. We quickly assess difficult situations and deliver creative solutions for our portfolio companies and opportunities to our investors.
In addition to providing liquidity and flexibility, Blackbird reduces costs and streamlines operations to recover corporate value and to position the company for long term growth and success.
About Amvest Financial Group:
Amvest Financial Group, Inc. is a middle-market investment bank based in Kansas City, Missouri. Founded in 1976, Amvest Financial Group specializes in mergers, acquisitions, divestitures and corporate finance services to business owners, managers and private equity groups throughout the United States. Services include acquisition searches, strategic advisory, turnarounds, etc.
Amvest professionals have unique experience as investment banking professionals by having acquired, operated and sold their own companies. This experience gives them the ability to truly understand our client's needs. Visit our web site at http://www.amvest.com.
Sabin Robbins, LLC please contact Ron Litton at 513.874.5270.
Blackbird, please contact John Vota at 513.762.7890 or go to http://www.blackbirdcap.com.
Amvest Financial Group: please contact Charles Oppenheimer, 816.461.3312 x301, http://www.amvest.com, firstname.lastname@example.org