Pegasus Direct Mail Worx Inc., an Hamilton, ON-based provider of direct mail solutions, has received a $400,000 mezzanine financing from NorthSpring Capital Partners.
The proceeds from the financing will enable Dan Schottlander, the former General Manager of Pegasus, and his wife Anne, to complete a management buyout.
Pegasus provides its clients with direct mail marketing solutions from mail design and development, print right through to delivery. Projects benefit from a proven quality assurance program at all stages including data processing, variable imaging, offset printing, inkjet addressing, bindery, inserting, and automated polybagging.
NorthSpring Capital Partners provides risk capital to Southern Ontario-based small and medium sized companies working across a variety of traditional industries. Its investments range between $250,000 and $1m in the form of subordinated debt and/or equity.