Brings 40+ years of industry experience and a vast network of contacts to leading mergers & acquisitions firm
Philadelphia PA. 15 July 2016. New Direction Partners, the leading mergers & acquisitions resource for the printing and packaging industries, announces that industry veteran Joe Polanco has joined its team of M&A experts as a Director. Polanco is the former president of Printing & Imaging Association of MidAmerica (PIA MidAmerica), a position he held for twenty years prior to his retirement this spring.
“We are delighted to have Joe as part of the team,” said Paul Reilly, Partner at New Direction Partners. “With his 40+ years of industry and association experience, he has an in-depth understanding of the dynamics of the print industry. He is a welcome addition to our diverse and experienced team.”
Polanco spent nearly 15 years in operational roles in the industry after receiving a Printing Management degree from Cal Poly, San Luis Obispo and subsequently joined the Dallas-based Printing Industries of America Affiliate in a leadership role. He is well-known for his insights into industry trends and his financial management expertise. He has authored dozens of articles on various industry topics and was also a contributing author to the industry’s highly acclaimed textbook, Printing Estimating, by Phil Ruggles.
“I am looking forward to helping business owners with the challenges of succession planning and their exit strategies,” Polanco said. “I have known and worked with the principals of New Direction Partners for many years and am thrilled to be part of the team.”
Polanco, who also holds an M.B.A. from California State University, Long Beach, makes his home in Plano, Texas with his wife Liz. They have two adult children, both of whom live in Southern California with their spouses.
About New Direction Partners
New Direction Partners, founded in 2009, leverages more than 200 collective years of industry experience to work with business owners, offering a variety of services. Its Partners and Directors have been involved in transactions in aggregate exceeding $2 billion.
New Direction Partners typically represents sellers in business transactions. The organization also conducts acquisition searches for potential buyers, offers valuation and strategic planning services, and has expertise in capital formation and financing.
In representing seller shareholders, New Direction Partners’ professionals guide sellers through the process step by step, beginning with providing a valuation for the business, authoring a complete and detailed Descriptive Memorandum for prospective buyers, and identification of potential buyers. Where possible, New Direction Partners insulates the selling shareholders from the negotiating process, working with the seller’s lawyers and accountants to ensure a prompt and successful closing.
For more information about services available from New Direction Partners, visit www.NewDirectionPartners.com.