CGP plans to facilitate the continued rapid growth of FineLine Technologies, Inc., a web-based market leader in bar code ticketing and labeling solutions for the retail industry.
Chicago, IL – May 11, 2011 – Chicago Growth Partners is pleased to announce its acquisition of FineLine Technologies, Inc. FineLine is a web-based business services firm that provides bar code ticketing and labeling solutions for major retailers and their suppliers globally. The Company combines a real time web-based EDI ordering system and variable printing processes to create bar code tags and a variety of labels which are attached to apparel and other merchandise. As speed to market becomes increasingly critical in retail, more brands are choosing FineLine for its sophisticated web interface, global footprint and superior customer service.
FineLine's proprietary web interface is fully integrated with its customers' internal systems and allows customers to process small, frequent orders with industry-leading turn-around times and to track their orders throughout the supply chain. FineLine ships its products directly to the site of manufacturing, allowing retailers to receive store-ready merchandise and reducing the cycle time from purchase order to sales floor.
Today, the Company has manufacturing capabilities in the United States, Canada, China and Hong Kong. With the proliferation of overseas manufacturing in the U.S. retail industry, this has proven to be a key differentiator for FineLine. Management plans to expand the Company's international operations to new production-oriented locations in order to meet current and prospective customers' global demand for the Company's best-in-class technology and service. FineLine has grown rapidly by further penetrating its existing retail customer base (and the suppliers of these customers) as well as by adding new customers that value the Company's innovative technology, superior turn-around time and responsiveness. FineLine anticipates continuing to grow by gaining market share as retailers look to further optimize their supply chain to improve speed to market.
Commenting on the investment, Managing Partner, Rob Healy, offered, "Our partnership with FineLine is an excellent example of CGP's core investment philosophy to back rapidly growing companies with strong earnings visibility, a differentiated product or service, and significant growth potential. We look forward to working with FineLine's management team to help the business realize its full potential."
"We're very excited about our partnership with CGP," stated Richard Stamper, President and CEO of FineLine. "We chose CGP over several other potential private equity partners, based on their track record of success, resources, expertise and overall approach to doing business. We're confident that CGP is the right partner to support FineLine as we continue to grow."
The CGP deal team included Rob Healy, Devin Mathews, Robert Powers, Jeff Farrero and Heather O'Shea.
About Chicago Growth Partners
For over 25 years and across over 100 growth companies, the principals of Chicago Growth Partners have partnered with quality management teams to help facilitate their growth objectives. CGP executes its growth-focused investment strategy across four industries: Technology-Enabled Services, Education, Healthcare and Industrial Growth where our expertise in information technology, marketing, and finance can often be helpful to our management teams. CGP currently manages $1.2 billion and has offices in Chicago and La Jolla. For more information on Chicago Growth Partners, please visit www.cgp.com.
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