Seeking Alpha

Standard Register up over 3x on deal to acquire private WorkflowOne

Microcap Standard Register (SR +233.3%) skyrockets after announcing (along with its Q2 results) it's acquiring fellow printing/document management services firm WorkflowOne for $218M. Both firms are based in Dayton, OH. (PR)

Standard, which still only has a market cap of $53M, is assuming $210M in long-term debt and issuing $8M worth of warrants. The company has obtained a new 5-year, $125M credit facility in tandem with the deal

The combined company is expected to have $1B/year in revenue and achieve $40M/year in cost savings.

Standard asserts WorkflowOne's multi-industry printing, document management, and marketing services will complement its own offerings, many of which are healthcare-focused.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs