"Thank you for everything PPC! We thoroughly enjoyed working with your firm and really appreciated your expertise and hard work. We would highly recommend PPC to any business owners looking for advisors to help them achieve their financial goals."
Mark & Maggie Smith
Empire Photography, Inc.
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Empire Photography, Inc.
is a niche provider of graduation, athletic, and school photography services for elementary, middle, high school, and collegiate level institutions throughout the upper Midwest. The business was acquired from its founders in 1983 and its new owners steadily grew the Company to be recognized as the preferred regional choice for high-quality commencement, athletic, and school portraits. Over the past 35 years, Empire Photography has created lasting relationships with over 500 universities, colleges, and high schools including the University of Wisconsin, Marquette University, and numerous other well-known educational institutions.
As the owners of Empire Photography began planning for their eventual transition from the business, they naturally had many questions about how to best achieve their goals. For many years, the Company's outside CPA firm had served as the owners' primary advisor and this firm facilitated an introductory conversation with Promontory Point Capital. After discussing the owners' objectives for both a transaction and a transition, PPC was engaged and began confidentially marketing the business. To achieve one of the owners' primary goals of keeping the Company independent, PPC arranged for a transaction encompassing a private investor group and Empire Photography's senior leadership team.
The transaction arranged by Promontory Point Capital achieved economic goals for the selling shareholders, while also providing the opportunity for Empire's loyal management team to gain an ownership stake in the business. With financing provided by Byline Bank, Empire Photography is well-positioned for continued growth and long-term success. Promontory Point Capital closed this transaction during the first quarter of 2020.
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Promontory Point Capital
is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 135 client engagements including
the evaluation of business sale and recapitalization options,
the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures.
Many inquiries to Promontory Point Capital include business objectives encompassing:
- Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.
- Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
- Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our firm's new website at
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PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484
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Mike Burmesch
Senior Associate
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Andrew Eck
Senior Associate
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PROMONTORY POINT PARTNERS
CHICAGO –
(312) 925-9972
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Tim Wright
Senior Manager
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Investment Bankers That Get Results
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