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Dead Pixels Society podcast: ImageQuix and Capturelife combine; what does it mean for school and event photography? Acquisitions News Podcasts 

Dead Pixels Society podcast: ImageQuix and Capturelife combine; what does it mean for school and event photography?

GaryPageau , ,
Gary Pageau of the Dead Pixels Society talks with Rich Scanlon, CEO of ImageQuix, and Scott DeFusco, founder and CEO of Capturelife, about the breaking news that ASG, the parent company of ImageQuix and Photolynx, has acquired Capturelife. We’ll talk about what the combination means to customers for both companies, where future growth opportunities are, and the changing volume photography landscape. Read More
Alpine Software Group acquires Capturelife Acquisitions News 

Alpine Software Group acquires Capturelife

GaryPageau , , ,
Alpine Software Group (ASG), the owner of volume-photography stalwarts ImageQuix and PhotoLynx, added a third volume-photography company to its portfolio with the acquisition of Capturelife. Terms weren’t disclosed. Scott DeFusco, co-founder of the company is staying on with other key staff. Jeff Eckerle, the other co-founder, will be leaving at a later date to pursue another opportunity. This is the... Read More
Tyndell assumes ownership of Tap’s Stock Photo Division Acquisitions News 

Tyndell assumes ownership of Tap’s Stock Photo Division

GaryPageau , ,
Tyndell Photographic announced the purchase of the Tap Stock Photo Division — formerly known as Taprell Loomis — from Tap Packaging + Design. Terms weren’t disclosed. Tyndell is a longtime Tap product dealer and adds the products as an official Tyndell brand. “We’ve had a longstanding and good relationship with Tap for more than 25 years,” says Ben Tyndell, president, Tyndell... Read More
Merged SGIA and PIA associations become PRINTING United Alliance Acquisitions News 

Merged SGIA and PIA associations become PRINTING United Alliance

GaryPageau , ,
The Specialty Graphic Imaging Association (SGIA) and Printing Industries of America (PIA), which merged May 1, 2020, announced the new combined organization name: PRINTING United Alliance (PRUA). PRINTING United Alliance also announces its official board of directors as a merged entity. “PRINTING United Alliance is a reflection of the invaluable partnerships and industry convergence that has evolved over time,” says... Read More
SGIA, PIA complete merger Acquisitions News 

SGIA, PIA complete merger

GaryPageau ,
The Specialty Graphic Imaging Association (SGIA) and Printing Industries of America (PIA) announce, as of May 1, 2020, the two organizations will officially merge into an as-yet-unnamed association. “SGIA and PIA are together committed to serving the graphic arts community with preeminent research, education, training, events, legislative support, government affairs, health and safety, and other key industry services,” the news... Read More
Xerox abandons tender off for HP, due to COVID-19 pandemic Acquisitions News 

Xerox abandons tender off for HP, due to COVID-19 pandemic

GaryPageau ,
Xerox Holdings Corp. is abandoning its effort to acquire much-larger rival HP Inc., citing the “macroeconomic and market turmoil” caused the COVID-19 pandemic. The company said it is withdrawing its $24-per-share tender offer to acquire HP and will also no longer seek to nominate  a slate of candidates to HP’s Board of Directors. The company’s statement continued: While it is... Read More
AlphaGraphics appoints Brad Swimmer to support strategic franchise growth Acquisitions People on the Move 

AlphaGraphics appoints Brad Swimmer to support strategic franchise growth

GaryPageau
AlphaGraphics, a franchisor of printing and marketing solutions, named long-time franchise expert Brad Swimmer to lead the company’s efforts to grow through franchise conversions and acquisitions. Swimmer, a former Fortune 500 financial manager, owned and operated the AlphaGraphics location in Cleveland with his wife, Judy, from 1991 until 2019. The Cleveland franchise location was twice named to the AlphaGraphics Gold Circle Centers and earned multiple... Read More
HP says Xerox tender offer is “disastrous” in current climate Acquisitions News 

HP says Xerox tender offer is “disastrous” in current climate

GaryPageau ,
HP Inc. advised shareholders advancing Xerox’s proposed tender offer could be “disastrous” during the current global COVID-19 pandemic. HP said the Xerox’s offer would burden the company with a debt level that could potentially threaten its cash needs, but hasn’t ruled out a future combination if and when the economy improves.  HP also raised concerns the “highly leveraged capital structure”... Read More
Madavor Media acquires Imaging Resource Acquisitions News 

Madavor Media acquires Imaging Resource

GaryPageau , ,
Madavor Media has acquired the Imaging Resource brand and website, “allowing IR’s uniquely objective, balanced and always good-humored voice to continue into the future,” according to a post by IR founder Dave Etchells. Etchells had previously announced plans, after 22 years of operating one of the leading technical photography sites, to scale back. Etchells added, “ forward under Madavor, the IR... Read More
Xerox puts HP bid on hold due to COVID-19 concerns Acquisitions News 

Xerox puts HP bid on hold due to COVID-19 concerns

GaryPageau ,
Xerox Holdings Corp. today put a hold on takeover bid activities for HP Inc. due to the global COVID-19 pandemic. “In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP,” said John Visentin, Xerox vice chairman... Read More
Xerox officially launches HP tender offer; HP rejects it Acquisitions News 

Xerox officially launches HP tender offer; HP rejects it

GaryPageau , 1 Comment
Xerox Holding Corp. officially launched its $34 billion cash-and-stock offer for HP Inc., a proposal valued at about $24 a share. (For each HP share, a holder would receive $18.40 in cash and 0.149 Xerox shares.) The offer is set to expire April 21. Xerox already nominated 11 candidates for HP’s board to help close the deal. “Our proposal offers... Read More
Noritsu Koki spends $325 million to buy DJ equipment maker AlphaTheta Acquisitions 

Noritsu Koki spends $325 million to buy DJ equipment maker AlphaTheta

GaryPageau
Global private equity giant KKR is selling its stake in Japanese DJ equipment maker AlphaTheta (formerly known as Pioneer DJ) to photo processing machine manufacturer Noritsu Koki Co., according to Deal Street Asia. Noritsu said it will acquire all shares of AlphaTheta for 35 billion yen ($324.9 million), and will also use a 30 billion yen non-recourse loan to pay... Read More
PromarkBRANDS, OmegaBrandess Distribution announce partnership Acquisitions News 

PromarkBRANDS, OmegaBrandess Distribution announce partnership

GaryPageau ,
PromarkBRANDS and OmegaBrandess Distribution announced the two companies joining forces, offering “one of the largest and most diverse sources of products catering to the photographic, video and audio markets at both the professional and semi-professional levels. PromarkBRANDS has been in the photography, videography and pro audio industries since 1994 and manufactures and distributes a wide variety of products. OmegaBrandess Distribution,... Read More
HP announces earnings, plans to spend $15 billion to buy back shares Acquisitions Earnings reports Feature News 

HP announces earnings, plans to spend $15 billion to buy back shares

GaryPageau ,
Facing an increasingly hostile takeover pitch from Xerox Holdings, HP Inc. used its quarterly earnings announcement to offer a “multi-year strategic and financial value creation plan” to deliver improved financial results by 2022. The cross-company plan will include billions in “sustained cost actions” and a $16 billion capital return program over three years. Under the plan, HP says it will... Read More
Adobe Stock adds Hero Images and Caia Image, expands EyeEm collaboration Acquisitions 

Adobe Stock adds Hero Images and Caia Image, expands EyeEm collaboration

GaryPageau
Adobe Stock announced its the new home to Hero Images and Caia Image, and expansion of its agreement with EyeEm. Adobe says “both agencies are renowned for their authentic recreations of fully-released large conferences, ranging from empowering the voices in disability to capturing the inspiration of TED Talk-style scenarios, the thrill of marathons, the exuberance of being at LGBTQ PRIDE, largescale sporting events, and the intimate... Read More