New York, NY – August 10, 2017
Frontenac, a Chicago-based private equity firm, today announced that it has completed the majority recapitalization of Industrial Color Brands, a provider of integrated services and software for the creative production industry. Terms of the transaction were undisclosed.
Steve Kalalian, Chief Executive Officer, co-founded the predecessor of Industrial Color Brands in 1991. After a series of acquisitions and partnerships, the Company has become a preeminent provider of end-to-end production and post-production services and workflow software to the photography and video content production industry, with locations and production studios in Manhattan, Brooklyn, Los Angeles, and King of Prussia, Pennsylvania.
“We are excited to be partnering with Industrial Color, which fits with our strategy of investing behind founders and strong leadership teams,” said Joe Rondinelli, Vice President at Frontenac. “The market for digital content creation is rapidly growing and Industrial Color’s diverse service offering meets this accelerating demand. We will continue to make investments that add complementary content creation capabilities and further support best-in class services for clients.”
Katten Muchin Rosenman LLP served as legal counsel to Frontenac.
About Industrial Color Brands
Industrial Color Brands partners with top brands, agencies, and creative professionals, providing a full range of essential production services. For over 25 years, Industrial Color Brands has led the industry through a culture of innovation, bringing state-of-the-art digital production and post-production solutions to our clients.
Our group of vertically integrated companies – Fast Ashleys Studios, Smashbox Studios, Industrial Color, Impact Digital, and globaledit – offers end-to-end services including studio facilities, still and video capture, CGI, augmented reality, post-production, and creative workflow solutions. We serve the fashion, retail, advertising, media and entertainment industries worldwide. www.industrialcolorbrands.com
Frontenac is a leading private equity firm, based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through our executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 225 owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.