Stouse Announces Recapitalization
As first reported this morning in a PPB Newslink Breaking News, New Century, Kansas-based supplier Stouse (UPIC: STOUSE) has partnered with Goldner Hawn Johnson & Morrison Incorporated (GHJ&M) to recapitalize the company and support its continued growth trajectory.
The recapitalization will enable additional investment in Stouse’s production capacity and will position it to support an ever-expanding relationship with its customer base.
“The entire Stouse team is excited about our new association with GHJ&M and the opportunities this partnership will bring,” says Bruce Reed, Stouse CEO. “We look forward to utilizing the resources of our new partner to further invest in our business and better serve our customers with best-in-class quality printed products.”
Reed adds, “Going forward, we want to reassure our customers that this transition has been well thought out and will involve no changes to your relationship with Stouse. Aside from the minor name change from Stouse, Inc. to Stouse, LLC (for tax and legal purposes) nothing else will change.”
Bary Marquardt purchased Stouse in 1977. He says, “Will Lewis, who has co-owned Stouse with me since 1981, and I sought a partnership with a new investor that would carry on the culture that we have worked to build at Stouse over the past four decades. We are excited to have found that partner in GHJ&M. With the continuity of our management team and the additional resources of GHJ&M, the team is in a position to truly take Stouse to the next level.”
Stouse will continue to operate from its New Century headquarters, and Marquardt will remain active at the board level going forward.
“It is rare to find companies and management teams with the operational strength and strong growth trajectory that is so evident to us in Stouse,” says Joe Heinen, managing director at GHJ&M. “The company has worked hard to secure its strong reputation in the industry, and we look forward to working with the team to help write the next chapter in the Stouse growth story.”