Allegiance Capital Corporation Announces the Sale of Connecticut Color, Inc., to Bradford Equities Management, LLC

DALLAS--(BUSINESS WIRE)--

Allegiance Capital Corporation, a middle-market, private investment banking firm headquartered in Dallas, announced the sale of Connecticut Color, Inc., to Bradford Equities Management, LLC. Allegiance Capital represented Connecticut Color and successfully initiated the transaction and managed it through closing.

Under the agreement, Bradford Equities Management (BEM) acquires controlling interest in Connecticut Color, building upon their portfolio experience of working with commercial and specialty printers. The new partnership plans to continue the growth and performance of the company, which has a strong history of providing superior service to a number of Fortune 1000 customers. Rick Herr, president of Connecticut Color, will continue leading the company, along with key members of his management team.

"We were very impressed with Rick's leadership and vision for the company," said Richard Rudolph, managing director at BEM. "We are excited about the future of Connecticut Color, and anticipate that the company will thrive in the months and years ahead."

TD Bank and Cigna Insurance provided the senior and mezzanine capital, respectively.

"This is an important step in the company's evolution of growth," said Herr. "It was clear to us that Bradford was the right partner for our future. We've always been more than a printer; we help our clients solve problems. With Bradford's reach and expertise, our position is now even stronger."

Connecticut Color is based in Meriden, CT, and BEM is located in White Plains, NY.

"This transaction is a very positive step for both firms," said Bill van Wagner, managing director of Allegiance Capital Corporation. "The combination of Bradford Equities' successful history in this market space and Connecticut Color's effective and competitive business model should drive the company to an all-new level of growth and reach," he said.

About Allegiance Capital:

Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $10 million to $500 million). With offices in Dallas, New York, Minneapolis/St. Paul, Shanghai, and Madrid, Allegiance Capital has a worldwide network to assist companies in every aspect of selling and financing a business, including debt structuring, mezzanine financing, strategic partnering, consulting and other related services. Allegiance Capital differentiates itself by having deep industry knowledge, extensive contacts with potential investors, heavy investment in educating sellers and obtaining premium valuations for clients. Visit www.allcapcorp.com for more information on Allegiance Capital Corporation.