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Cashing out? Then cash in your clients, guru says

Friday, 14 July 2017
By Jake Nelson

Industry analyst Richard Rasmussen says strong client bases can be valuable for business owners looking to sell up, adding that there’s ‘never going to be a better time’ to exit the industry.

Richard Rasmussen

Ascent Partners’ Market Watch has released its ‘year that was’ report for the 2016-17 financial year, highlighting a large number of sales, mergers and acquisitions from the big end of town to the small. “Businesses were purchased and usually integrated into other like businesses. This is a key business strategy for all sizes of printers and not just the big ones,” Rasmussen wrote.

Rasmussen advises business owners considering leaving the industry to look at their individual circumstances, and says if sales aren’t what they used to be, now might be the time to cash out. “If you’re a general commercial printer and the trends are not good, there’s never going to be a better time to sell – you’re not going to get more in the next 12 months,” he told Print21.

Though your gleaming presses may be your pride and joy, that’s not where the money is for printers selling up, as demand for conventional equipment is decreasing and digital machines depreciate quickly. Instead, Rasmussen suggests looking at your ‘goodwill’, as businesses with strong client bases are hot property. “People want to grow their businesses, and one way to do that is to buy a client list or a business with a good client base. Even if a business is not profitable, client bases are still valuable and highly sought-after,” he said.

Peter Orel, Finsbury Green.

Rasmussen advises owners of profitable businesses to hang onto them for a few more years – unless planning to retire soon. A few industry veterans have sold their businesses and retired over the past year, most recently Mike Minahan of Digiwedoo, who sold up to Finsbury Green last week. In a statement, Peter Orel, CEO of Finsbury Green, said his company was always keen to buy more. “We are continuously looking out for print, print management and logistics businesses that we can integrate into our operation,” Orel said.

Ascent Partners captures this information from industry sources and reports it monthly in the free newsletter, Market Watch. See to subscribe.

4 Responses to “Cashing out? Then cash in your clients, guru says”

  1. July 14, 2017 at 1:23 pm,

    William Bell

    Jake, I hope your message reaches a receptive audience. I think a lot of printers just won’t let go, even after their businesses cease to be profitable. They are emotionally invested in print to the detriment of their financial well being. I think anyone struggling for profitability in their printing business should read your article twice.

  2. July 14, 2017 at 3:03 pm,

    Comrade Dave

    perhaps it should be read many times william for the message to sink in. as we have too many printers working for nothing. If the articles are correct that I have read in print21.

    But what is the cut off point in dollar terms when the owner say’s enough is enough.
    This is from business that is going well at the moment, but who knows the future.

  3. July 18, 2017 at 3:41 am,


    I agree with the article but would say (as one who performs global printing auctions myself) the market for traditional equipment is strong. We just concluded an auction for Print Dynamics and we had 20 countries bidding for Cylinder Presses and Folders – so printers should know that there is still a very strong market for traditional equipment if you can get to the right buyers and look beyond the borders. When I conducted the Geon auctions in 2013, we sold 50% of the value overseas – so lesson is that if you are going to retire or sell, you can maximize the return for your equipment by making the right choices on how to monetize it.

    Paul Brown
    GA Global Partners

  4. July 20, 2017 at 9:58 am,


    Is that a paid-for ad for GA Global Partners Paul? Hahha, well done anyway.

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