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Acquisition
| Investment Date: |
March 2004
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| Revenue: |
$315M
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| Fenway Investment: |
$85M
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Value Creation
- Reorganized and strengthened leadership team
- Grown EBITDA 40% since acquisition
- Improved EBITDA margins 600 basis points to date
- Reduced non-value added expenditures by $20 million to date through facility rationalization and lean manufacturing processes
- Initiatives to promote revenue growth through new product introductions
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Overview |
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| American Achievement Corporation is the third-largest manufacturer and supplier of products commemorating once-in-a-lifetime high school and college experiences through yearbooks and class rings. |
Investment Profile
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- Once-in-a-lifetime purchase
- Recession-resistant demand
- One of three competitors
- High switching costs for schools
- Strong market position in each product category
- Stable customer base, with low turnover
- Recent equipment upgrades
- Cost savings from productivity initiatives
- Revenue growth through product innovation and expansion
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Facts at a Glance
