Continuing its ongoing acquisitions strategy, Safeguard Business Systems (asi/316203) has announced the purchase of Philadelphia-based Innovative Print & Media Group. Financial terms of the deal were not disclosed.
Founded in 1985, Innovative Print offers marketing communications, print distribution and fulfillment to customers. Last year, the firm was listed by Print Solutions Magazine as the 12th-biggest print services distributor in the U.S.
Including its acquisition of Innovative Print, Safeguard has purchased nearly 90 firms since 2008. Among its more recent deals, Safeguard has bought AccuSource Solutions, Advent Business Forms and Blue Moon Promotions. Ranked as the 34th largest distributor in the industry, Counselor estimates Safeguard Business Systems generated $38.4 million in North American ad specialty sales in 2012.