Transcontinental Inc., a commercial printer based in Toronto, has acquired CC3, a direct marketing services firm that has offices in Pennsylvania, California and Texas. The acquisition price was $101 million, as well as Transcontinental stock options valued at roughly $5.2 million.
CC3 delivers more than 1.5 billion mail pieces every year, and employs more than 1100 individuals. The company generates $127 million a year.
CC3 had been owned by Providence Equity Firm, an investment firm.
Don McKenzie, president and CEO of CC3, will be joining Transcontinental.
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