Portfolio Company: Paper Source
Brentwood Associates has completed the sale of Paper Source, Inc., a vertically-integrated, multi-channel retailer of high-quality stationery, gifts, and crafting supplies. Brentwood sold Paper Source to Investcorp, an alternative investment management firm. Terms of the transaction were not disclosed.
After acquiring Paper Source, Brentwood assembled a highly talented senior management team, led by Chief Executive Officer, Sally Pofcher, to leverage the strength of Paper Source’s differentiated retail model and execute an aggressive growth strategy. Under Brentwood’s ownership, Paper Source expanded its geographic footprint significantly, increasing its store count from 21 in 2007 to 73 currently (which is expected to increase to 80 by year end), located across 23 states coast-to-coast and the District of Columbia. The company also dramatically grew its direct-to-consumer business by expanding catalog marketing, revamping the website and implementing innovative e-commerce marketing strategies.
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