Stouse Inc. Announces Recapitalization
Stouse Inc., New Century, Kan., announced that Goldner Hawn Johnson & Morrison Inc. (GHJ&M) has partnered with management and previous ownership to recapitalize the company and support its continued growth trajectory. This will enable additional investment in the company's production capacity and will position Stouse Inc. as a platform to support an 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," said Bruce Reed, CEO of Stouse Inc. "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."
"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," Reed continued. "Aside from the minor name change from Stouse Inc. to Stouse LLC (for tax and legal purposes), nothing else will change."
"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," said Bary Marquardt, who purchased Stouse Inc. in 1977. "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 LLC will continue to operate from its New Century, Kan., headquarters. 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," said Joe Heinen, managing director for 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."
For more information on Stouse Inc., visit www.stouse.com.