Northbrook, IL-based Corporate Imaging Concepts, LLC (CIC)recently enhanced its grow potential by joining forces with two of the Midwest’s leading private equity firms – Indianapolis-based Cardinal Equity Partners and Chicago-based Aldine Capital Partners. The additional financial backing supports CIC’s four-year goal of increasing annual sales to over $50 million.
Northbrook, IL, December 31, 2013 – Corporate Imaging Concepts, LLC, announced today that is has entered partnership agreements with Cardinal Equity Partners of Indianapolis, IN, and Aldine Capital Partners of Chicago, IL, to spurcompany growth. CIC President and CEO Brian Abrams, along with his wife Patty, made an additional investment in the company as well. This financial infusion supports the company’s ambitious four-year goal of increasing annual sales to over $50 million.
Says Abrams who founded the company in 1996, “The timing was right. We’ve built an impressive track record through consistent growth that’s attracted attention from the financial community.”
Adds Abrams, “Our sales people are provided all of the tools they need to succeed and do extraordinarily well. In fact, our average sales person generates in excess of $1 million in sales per year. We wanted to find partners as aggressive as we are.” The eight-month search process began in April 2013, with 12 private equity firms expressing interest by the summer. CIC received and evaluated five finalist offers. When Cardinal Equity Partners was chosen, they recommended adding Aldine Capital Partners.
“CIC fits our niche perfectly,” says Peter Munson Cardinal’s managing partner. “This is a well-run, value-added, technology-driven, middle market business that offers tremendous growth potential. The company’s commitment to technological change and service excellence, plus Brian’s entrepreneurial spirit, really clinched it for us.”
CIC’s future plans include expansion and acquisition. “In the year ahead we’ll be looking to acquire companies and hire seasoned sales people throughout the United States. We’ll be seeking professionals who share our entrepreneurial spirit as well as the desire to increase their book of business.”