The Open Approach has announced the ownership change of Hilltop Press to Multiple Packaging Solutions (MPS). As exclusive agent for Hilltop Press, The Open Approach identified optimal growth partners, secured interest, streamlined due diligence, negotiated financial terms, and oversaw the complete transaction. From engagement to contract execution, the process took just nine months—exceeding seller expectations for time as well as incentives and deal terms.

"The Open Approach are true professionals. Their expertise was critical in orchestrating the entire process and ensuring a very positive outcome for both buyer and seller."

—Dennis Stephenson, CEO
Hilltop Press

"The Open Approach are true professionals, said Dennis Stephenson, CEO of Hilltop Press. "Their expertise was critical in orchestrating the entire process and ensuring a very positive outcome for both buyer and seller." The sale provides the high-end specialty sheetfed printer significant growth potential from MPS's national exposure, cross-selling opportunities, and extensive distribution network. For MPS, the acquisition rounds off its vast product/service lineup by adding unique substrate print capabilities and ancillary services—high-customer-demand offerings with attractive profit margins. Financing for the deal was provided by Bear Stearns.

"Our customers tell us that our inside experience makes a huge difference," noted Ron Seavey, Co-Founding Partner of The Open Approach. "We have been in their shoes, and we know the keys to a positive matchup. MPS and Hilltop are a natural fit. Their relationship will be extremely lucrative for both parties."

As part of the arrangement, Hilltop Press's leadership will remain on staff, and the company will continue to operate from its state-of-the-art facility in Indianapolis.

The Open Approach is a boutique investment banking/consulting firm focusing exclusively on the graphic arts industry. Comprised of former print CEOs, COOs, and sales leaders, the firm spearheads initiatives that drive company growth and profitability. Since its founding in 2001, the firm has brokered the sale of numerous print entities, spearheaded corporate growth strategies, devised nationwide sales programs, resolved seasonal variances, and executed major financial initiatives. The Open Approach is based in Westmont, Illinois.

For more information, please email info@theopenapproach.net or call 630.323.9700.