Transcontinental Inc.'s Media Sector, TC Media, announced today the sale of three of its publications, namely L'Étoile du Lac, based in Roberval, Le Lac-St-Jean, in Alma, and Le Nouvelles Hebdo, in Dolbeau-Mistassini, as well as their related web properties, to Trium Médias Inc. The group consists of two TC Media employees, namely Ms. Marlène Claveau and Ms. Stéphanie Gagnon, as well as Mr. Daniel St-Pierre. The 23 employees of these publications will pursue their careers with Trium Médias Inc. The Corporation would like to thank them for their professionalism and wishes them the best for the future. Furthermore, TC Transcontinental also concluded a multi-year agreement for the printing and distribution of these three publications. This transaction is part of the process for the sale of TC Media's local and regional newspapers in Quebec and Ontario, which was made public in a press release issued by Transcontinental Inc. on April 18.
Mt. Royal Printing, Baltimore, MD-based full-service print production company, has made tuck-in acquisitions of two Pennsylvania firms, Spectrum Printing, Inc., East Petersburg, and Shuman Heritage Printing Co., LLC, York. Graphic Arts Advisors, LLC (GAA), Mountain Lakes, NJ, an M&A advisory and consulting firm focused exclusively on the printing, packaging, mailing, marketing materials production, and related graphic communications industries, represented Mt. Royal in the transactions.
Spectrum and Shuman represent the latest strategic transactions by the fourth-generation, family-owned Mt. Royal, which has used acquisition as a growth strategy for the past 15 years. The acquisitions represent Mt. Royal’s first foray outside of the greater Maryland / Washington, DC / Northern Virginia market.
“Mt. Royal approached us with two distinct goals,” said Mark Hahn, GAA Senior Managing Director Mark Hahn, who identified Spectrum and Shuman as worthwhile candidates for acquisition by Mount Royal. “Mt. Royal sought to add an additional facility for expanded fulfillment and other services and to take on additional business for its offset and digital printing operation at its highly efficient Baltimore plant. By incorporating the books of business of both Spectrum Printing and Shuman Heritage Printing and retaining Spectrum’s East Petersburg plant for fulfillment, these transactions fulfilled both goals.”
The tuck-ins also helped Mt. Royal move into new vertical markets. “Education organizations, nonprofits, and associations comprise a large part of our customer base,” said Liz Hare, daughter of company owner and president Gary Cayce. Cayce serves as the firm’s chief strategist, while Hare oversees day-to-day operations. “The COVID-19 pandemic hit these market segments hard, resulting in a drop in sales volume for us,” Hare recalls “Spectrum and Shuman Heritage serve different industries, including corporate and food service, which adds new markets to our revenue stream.”
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