FOR IMMEDIATE RELEASE
Charles K.Oppenheimer
Amvest Financial Group, Inc.
816-461-3312 Extension 301
coppenheimer@amvest.com
Amvest Financial Group Advises
Blackbird Capital Partners
On the Acquisition of the Assets of Sabin Robbins
Kansas
City
– July 22, 2008 – Amvest, a leading
middle-market investment bank today announced that it advised
Blackbird Capital Partners
in the acquisition of the assets of the
job lot paper division of the former
Sabin Robbins Paper Company.
Blackbird Capital Partners,
an affiliate of Blackbird
Capital Group (www.blackbirdcap.com),
has acquired the job lot paper division of the former Sabin Robbins
Paper Company of Cincinnati, Ohio.
Blackbird acquired the operating assets of the $75 million
division through a secured party sale. The new entity will be known as
Sabin Robbins, LLC (www.sabinrobbins.com).
Amvest Financial Group, Inc. indentified the acquisition and
advised Blackbird Capital Group.
Blackbird
has appointed Ron Litton as President and CEO of Sabin Robbins, LLC.
Senior debt financing was provided by Chase Business Credit, a division
of JPMorgan Chase & Co. Equity was provided by Blackbird and a group of
local investors.
About the
new Sabin Robbins:
The former Sabin Robbins Paper Company has been a leading provider of
job lot and first line paper to the commercial printing industry since
1884. The new entity will provide some first line but mainly job lot
paper, in addition to offering new products and services to its
customers. In addition to its corporate offices in Cincinnati, the company has converting operations in Mansfield, Ohio, and sales
and distribution facilities in Cleveland, Atlanta, and
Chicago.
About Blackbird Capital Partners:
Blackbird Capital Group is a private investment
firm that provides capital to and acquires distressed businesses. We
quickly assess difficult situations and deliver creative solutions for
our portfolio companies and opportunities to our investors.
In addition to providing liquidity and flexibility, Blackbird reduces
costs and streamlines operations to recover corporate value and to
position the company for long term growth and success.
About
Amvest Financial Group:
Amvest
Financial Group, Inc. is a middle-market investment bank based in
Kansas City, Missouri. Founded in 1976, Amvest Financials
Group specializes in mergers, acquisitions, divestitures and corporate
finance services to business owners, managers and private equity groups
throughout the United States.
Services include acquisition searches, strategic advisory, turnarounds,
etc.
Amvest professionals have unique experience as
investment banking professionals by having acquired, operated and sold
their own companies. This experience gives them the ability to truly
understand our client’s needs. Visit our web site at
www.amvest.com.
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Contacts;
Sabin Robbins, LLC please
contact Ron Litton at 513.874.5270
Blackbird, please contact John Vota at 513.762.7890 or go to
www.blackbirdcap.com.
Amvest
Financial Group please contact Charles Oppenheimer 816.461.3312 x301
www.amvest.com