Bell and Howell, LLC, a newly formed provider of solutions and services for paper-based and digital messaging solutions, has been acquired by private equity investment firm Versa Capital Management.
Versa bought the assets of Böwe Bell + Howell, which include all existing operations in North America including BCC Software in Rochester, N.Y. and Bell and Howell Canada.
Access Value Investors, a Chicago, IL-based private equity firm affiliated with AEG Partners LLC, co-invested in the transaction and is now providing transformation consulting services to Bell and Howell. The company also received a $60m credit facility from PNC Bank and Crystal Financial.
President and CEO George Marton will continue to led the senior management team while a new directors will join the board.
The company intends to use the capital to continue to grow and for working capital needs of the organization.
Bell and Howell’s portfolio includes products designed to reduce production and postage costs, increase operational efficiency, message impact and relevancy, and ensure integrity and quality of every item produced.
The company, which maintains facilities in Wheeling, I.L., Durham, N.C., Bethlehem, P.A., and Rochester, N.Y., employs approximately 1,600 people.