GAA Announces Sale of Richardson Communications to Kingston Printing (whattheythink.com)
Kansas City, MO-based Richardson Communications Group, a leading printer in the Midwest for nearly a century, has been acquired by Kingston Printing, Eudora, KS, which recently celebrated its 30th anniversary as a premier, independent commercial printer. Graphic Arts Advisors, LLC (GAA), Mountain Lakes, NJ, a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented Richardson in the transaction. GAA Director Michael Wurst served as lead advisor on the engagement, with Mark Hahn, GAA Senior Managing Director, providing support. John Hyde, Esq., GAA Managing Director, is advising Richardson on the post-sale wind-down and creditor settlement negotiations. Combining Richardson’s customer relationships and capabilities with Kingston’s operations creates a full-service, robust company offering clients a broad spectrum of printing and marketing services. With similarities in terms of 2019 sales volume ($5.2 million for Richardson and $6 million for Kingston) and number of employees (Richardson with 35 and Kingston with 36), the two firms had different areas of specialty and equipment.