Meridian Capital LLC, a partner of Global M&A, is pleased to announce the successful sale of its client, The Madison Park Group (“Madison Park” or “the Company”), to Southworth Company (“Southworth”). In connection with the transaction, Meridian Capital served as Madison Park’s exclusive M&A advisor with Davis Wright Tremaine LLP serving as legal counsel.
Founded in 1977 as Madison Park Greetings, it began as one of the earliest specialty greeting card companies in the USA. Located in Seattle, the Company has since evolved into a unique cooperative that brings independent companies together to create offerings for the specialty stationery, gift, and accessory marketplace. Madison Park and its partners are widely regarded as industry leaders, providing retailers and distributors some of the most creative and successful products in the market.
“We are very excited to be part of the Southworth family,” said Brian Jacobsen, co-president of Madison Park. “Their family-business culture is very similar to ours and their experience, relationships and resources will be of tremendous benefit to us and our partners as we continue to grow our business with specialty retailers and select national accounts.”
Founded in 1839, the Southworth Company is a leading consumer retail brand offering solutions for business and personal communications. Headquartered in Agawam, Massachusetts, Southworth produces a full range of specialty papers for a variety of uses including technical papers, resumes, note cards, and journals. Throughout the years, Southworth has expanded into the social expressions industry with the purchase of Lallie, a line of personalized invitations, cards and gifts, and now the acquisition of The Madison Park Group.
“Meridian was the perfect investment bank for us and working with them was a total pleasure,” said Glen Biely, co-president of Madison Park. “Chuck, Patrick and the entire team are smart, savvy, personable, and 100% committed to achieving the desired results of their clients. We can’t recommend them highly enough.”
Patrick Ringland, director at Meridian Capital commented on the transaction, “Meridian is very happy for the Madison Park shareholders and management team. The Company remained focused and maintained excellent performance throughout an active transaction process. We believe Southworth is uniquely positioned to help Madison Park expand sales through their existing retail relationships and provide the support and experience to pursue new opportunities.”
All employee positions will be retained as a result of Madison Park’s acquisition. Southworth intends to keep the brand name and continuing operations in Seattle.