NY Firm Buys Archway Marketing for $300M
A New York firm paid $300 million to acquire Rogers-based Archway Marketing Services, Inc., which provides marketing logistics and fulfillment services in North America.
Investcorp, which bills itself as a provider of alternative investment products, announced its purchase on Monday. It bought Archway from an investor group led by Tailwind Capital, Black Canyon Capital, and members of Archway’s management team.
“Over the past four years, despite economic headwinds, Archway has more than doubled in size, broadened its service offerings, and emerged a leader in the marketing logistics and fulfilment industry,” Investcorp Managing Director Chris McCollum said in a statement. “We look forward to partnering with Archway to continue this strong growth and expansion of its leadership position in this growing industry.”
Investcorp said that it will work with Archway’s management team to continue to grow Archway’s customer base.
Archway—which employs roughly 1,800—operates more than 4 million square feet of warehouse facilities across 14 major metro areas throughout the United States and Canada.
With its marketing logistics and fulfillment offerings, Archway serves the automotive, consumer packaged goods, financial services, food and beverage, pharma and life science, publishing, quick-serve restaurant, retail, technology, and communications industries. The company also runs gift card programs for retailers and claims to be the largest distributor of prepaid gift cards in North America.
Privately-held Archway doesn’t disclose its revenues. But last summer, Archway appeared on Inc. magazine’s list of the 5,000 fastest-growing private companies in America—and that list put its 2010 revenue at $184.2 million. Archway said at the time that its revenue grew 104 percent between 2007 and 2010.