DG3 North America launches Consolidation Task Force during COVID-19 crisis
By PrintAction Staff
By PrintAction Staff
DG3 North America Inc, the U.S.-based flagship business of DG3 Diversified Global Graphics Group (DG3), has announced the launch of its Consolidation Task Force, with the goal of identifying opportunities to acquire and tuck in complimentary businesses into its platform under highly simplified terms and conditions.
“In light of the severe impact of COVID-19 on the printing and mail industry, DG3 has launched a rapid evaluation process for considering tuck in acquisitions, larger consolidation opportunities and the absorption of sales executives into its DG3 North America Inc. business,” the company said in an April 20 press release. “DG3’s objective is to leverage its platform for the graphic communications sector to provide a seamless transition for companies in order to allow them to continue to serve their long-standing client relationships.”
The Task Force is comprised of DG3’s CEO, CFO, SVP of Operations and EVP of Sales. The Task Force will review and conclude each opportunity within two weeks of initial contact and has a four step process: (1) Execute NDA, (2) conduct introductory overview call and request 10 points of high level information about the business, (3) perform analysis of information provided, and (4) submit written proposal for discussion.
DG3 said it is seeking out companies with US$5 to US$30 million in revenues providing offset print, digital print and/or mailing related services that are complimentary to DG3’s core competencies. Companies should be located in the Northeast United States. Interested companies should reach out confidentially at: https://dg3.com/contact/.
DG3 is also seeking out sales professionals with US$2 to US$10 million in revenues supporting blue chip clients and leveraging DG3’s core competencies listed above. DG3 will offer highly attractive and competitive compensation and benefits to everyone who joins. Interested individuals should reach out confidentially at: https://dg3.com/contact/.
“In our lifetime, the graphic communications industry has not endured this level of challenge, and it’s going to getting worse. The 2001 and 2008 crises made the consolidation playbook clear, and we would like to work with companies and individuals to execute this consolidation,” Steve Babat, DG3’s CEO, said in the press release. “We care deeply about our industry and our clients. As a result, we want to create a pathway for great companies and great individuals who are going to suffer at no fault of their own.”