Doug and Charlie Casey, the longtime owners of Vincent Printing (Chattanooga, Tennessee), a billboard and large-format printing business, have sold their shop to two private equity outfits. Financial terms of the sale were not disclosed.
The shop was acquired by FutureTech Holding Company (Atlanta), MLJB Holdings (Ooltewah, Tennessee), and Beau Wells, who is now CEO of the business. In a release, Wells said the acquisition will allow for “needed investments in technology, equipment, facilities and our employees – investments that will ensure our company has the ability to expand its product offerings [and] serve new vertical markets.”
Founded in 1940, Vincent Printing has about 65 employees at its Chattanooga headquarters and production facility, with sales staff spread throughout the country.
The shop has expanded into the sports and entertainment industry over the past couple of years, serving as the official printer for the University of Alabama and as a partner in athletic promotions for the University of Tennessee at Chattanooga, according to the Chattanooga Times Free Press.