Pad printing and digital inkjet equipment manufacturer Inkcups announces that MPE Partners, a private equity firm based in Boston, Massachusetts, and Cleveland, Ohio, has recently invested in the company to help accelerate its five-year growth plan and expand into new markets and territories. According to Inkcups, the investment will also support the development of its new printing systems and supplies and bolster the company’s global sales and customer support network.
Inkcups says its founder and CEO, Ben Adner, will remain in his position along with the same Inkcups team, working in partnership with MPE to grow the company globally and further establish the Inkcups brand.
Adner comments, “It is an ideal time for Inkcups to have outside, professional investment, both from a financial aspect but also from a strategic standpoint. MPE Partners has a solid track record of helping companies just like Inkcups get to the next level. We believe that with their resources and guidance, coupled with our strong team and game plan, Inkcups will be able to achieve its goals and provide significant value to our customers.”
Michael Duffy, vice president at MPE, adds, “We are looking forward to partnering with Ben and the rest of the Inkcups team to accelerate the company’s growth by making continued investments in product development, customer support, and geographic expansion.”
Capstone Partners acted as the investment banking advisor to Inkcups, and Mintz served as legal advisor. Akerman LLP served as legal advisor to MPE.