Cranston-2008

Cranston Print Works

Business Description

Cranston Print Works Company, Inc., (CPW) founded in 1807, is the nation’s oldest textile printing company. It also has operations in specialty chemicals and trucking services.

Background

As part of its oversight duties, Cranston’s board wanted to better understand the Company’s strategic options and sought the advice of an experienced investment banker.

Solution

CPW hired Carter Morse & Mathias to assist the management team and the Board of Directors to evaluate a range of strategic alternatives. Since this assignment, Carter Morse & Mathias has worked with the Company on several assignments, most recently arranging, structuring and negotiating $25 million of senior debt and mezzanine capital.