Avista Capital to Acquire Controlling Interest in Iwco Direct

Avista Capital Partners, parent of the Minneapolis Star Tribune, will acquire a controlling interest in direct mail services company Iwco Direct from Court Square Capital Partners for an undisclosed sum.

Iwco's executive management team, including president/CEO Jim Andersen, executive vice president and chief marketing officer Tom Wicka and executive vice president and chief financial officer Joe Morrison will remain minority shareholders and continue to operate the firm, according to Avista.