CHEVY CHASE, Md. – Farragut Capital Partners, LLC (“Farragut”) is pleased to announce the closing of an investment in Arandell Corp. (“Arandell” or “the Company”). Founded in 1922 and based in Menomonee Falls, Wis., Arandell is a commercial printing company specializing in high-quality catalogs and multichannel marketing solutions. The Company has been family owned since 1949.
Farragut invested subordinated debt to support growth initiatives at the Company. Other investors included Spell Capital, The Private Bank, and CapX Partners.
“We are pleased with our new capital structure,” said Brad Hoffman, Arandell’s President and Chief Financial Officer. In addition to substantially reducing interest expense, it will also provide us financial flexibility for the future and allows us to reinvest back into the Company.”
“We’re pleased to partner with Arandell and the investor group on this transaction,” said Phil McNeill, Managing Partner of Farragut. “The Company is a leader in high-end catalog printing, providing a key element of upscale retailers’ marketing strategies.”