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Circle Graphics, An H.I.G. Capital Portfolio Company, Completes Acquisition Of Jondo

Nov 30, 2022•about 3 years ago

Acquiring Company

Circle Graphics

Acquired Company

JONDO

PrintingPhotographyFashionManufacturingE Commerce

Description

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $52 billion of equity capital under management, is pleased to announce that its portfolio company, Circle Graphics (“Circle” or the “Company”), has acquired JONDO, Ltd. (”JONDO”). JONDO will become a unit of Circle’s Sensaria division, further expanding Sensaria’s extensive portfolio of consumer-facing personalized products.

Company Information

Company

Circle Graphics

About

Founded in 2000, Circle Graphics produces best-in-class digital graphics for consumers, professionals, and businesses through two distinct divisions: Online Wall Décor and Out-of-Home Visual Solutions. The company’s Online Wall Décor segment enables consumers and professional photographers to procure made-to-order photos and pre-designed art images via wholly-owned direct-to-consumer websites and market-leading reseller relationships. Circle Graphics’ Out-of-Home Visual Solutions segment represents the leading large-format digital graphics provider to billboard operators with a growing offering in branded business signage to small and medium-sized businesses. Based near Denver, Colorado, Circle Graphics employs approximately 1,650 people across the United States to efficiently serve the company’s nationwide customer base. For more information, please visit www.circlegraphicsonline.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed