Allegiance Capital Corporation, a middle-market private investment banking firm, announced the sale of Meriden, CT-based Connecticut Color, Inc., a commercial printer and direct mail leader, to Bradford Equities Management, LLC.
Under the agreement, White Plains, NY-based Bradford Equities Management acquires controlling interest in Connecticut Color. These new partnership plans to continue the growth and performance of the company, which has a strong history of providing superior service to a number of Fortune 1000 customers.
Rick Herr, president of Connecticut Color, will continue leading the company, along with key members of his management team.
TD Bank and Cigna Insurance provided the senior and mezzanine capital, respectively. Allegiance Capital represented Connecticut Color and successfully initiated the transaction and managed it through closing.