TerraNova takes stake in $50M Canadian printer TI Group
What's the deal? Toronto and New York-based private equity firm TerraNova PartnersDealroom has a profile for this one. Try Dealroom → has invested in TI GroupDealroom has a profile for this one. Try Dealroom → Inc, buying out two of the printer's three original partners, Domenic Rubino and Dave Smith, who will retire. Chief executive officer Tim Woods, the third partner, keeps his ownership and stays with the company.
What does TI Group do? The Toronto printer serves large retailers with creative, large-format digital and litho printing, UV printing, variable data printing, finishing, kitting, fulfillment, and e-commerce. It ranked as Canada's 26th largest printer by Graphic Monthly.
By the numbers: TI Group has estimated sales of about C$50 million and 160 staff. Its equipment includes a 72-inch six-colour offset press, an eight-colour 40-inch press, a six-colour 40-inch UV press, and four flatbed wide formats for point-of-purchase work.
Why TerraNova? The firm invests partner and third-party capital in companies with strong growth prospects and leadership. It says it takes a long-term view, with expertise in "facilitating succession planning without disrupting what the companies do well."
The signal: The deal reflects a wider consolidation trend in Canada's print industry, where private equity increasingly funds ownership transitions at established players. By backing a succession rather than a full buyout, TerraNova keeps existing leadership in place while giving retiring founders an exit.
Read more: PrintCan
Image credit: Ron Cogswell
