Contact Information: Media Contacts: David Gutierrez Dresner Corporate Services 312.780.7204 dgutierrez@dresnerco.com Gregg Pollack Dresner Partners 312.780.7207 gpollack@dresnerco.com
Dresner Partners Advises Production Services Associates in Recapitalization
Investment Supports Company's Strategic Growth Initiatives
| Source: Dresner Partners
CHICAGO, IL -- (MARKET WIRE) -- October 30, 2006 -- Dresner Partners, a leading middle-market
investment bank, announced today that it served as the financial advisor to
Production Services Associates, Inc. (PSA) in its recapitalization with
Norwest Equity Partners (NEP) to pursue its long-term strategic growth
initiatives. Financial terms of the transaction were not disclosed.
Founded in 1992 and headquartered in Deerfield, Illinois, PSA is a leader
in production services for the direct mail and plastic card industries.
The Company focuses on designing and managing fast-paced, high volume
direct mail and plastic card production programs through its comprehensive
suite of production services including: direct mail; plastic card
production and personalization; specialty printing; promotional CD-ROMs;
fulfillment; creative services; and dimensional mail.
Headquartered in Minneapolis, Minn., NEP is a private equity firm with $3
billion in capital under management focused on investments in growing and
profitable middle market companies.
Steven M. Dresner, president of Dresner Partners, said, "This transaction,
led by one of our partners, Gregg Pollack, epitomizes our expertise in
advising privately held businesses throughout their lifecycles and
assisting them in identifying and implementing growth opportunities. We
are pleased to have advised PSA in this transaction, which will help the
company solidify its position as a market leader in the $57 billion direct
mail industry."
"We are extremely pleased with the outcome of this transaction and truly
value our new partnership with NEP," said Richard Biller, chief executive
officer and founding shareholder, PSA. "Dresner Partners played a critical
role as our financial advisor, and I am confident this transaction will
help us capitalize on our current and future strategic growth initiatives."
About Dresner Partners
Dresner Partners is a NASD-registered, middle-market investment bank based
in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial
advisory services to business owners and managers throughout the United
States, including institutional private placements of debt and equity,
merger & acquisition advisory, and valuation and strategic consulting. Its
affiliate company, Dresner Corporate Services, is a strategic
communications firm specializing in investor and public relations. More
information is available via the Internet at www.dresnerpartners.com.