New Century, Kansas-based Stouse LLC, a wholesale manufacturer of printed promotional products, announces that the private equity firm Goldner Hawn Johnson and Morrison Inc. is partnering with the company’s management and previous ownership to recapitalize the company.
Stouse says the influx of new capital will enable additional investments in the company’s production capacity and support its continued relationship with its customers.
The company notes that the capital investment came with a slight name change, for tax and legal purposes, and that instead of "Stouse Inc.," the firm will now be known as "Stouse LLC." Other than that, the company says that customers won’t notice any changes.
Minneapolis-based GHJ&M has been around for more than a quarter century and has raised $825 million in committed capital and invested in 37 platform companies. Stouse, which serves the sign and point-of-purchase and retail markets among many others, has been around since the early 1950s.
Bary Marquardt, who purchased Stouse in 1977, says, “Will Lewis, who has co-owned Stouse with me since 1981, and I sought a partnership with a new investor that would carry on the culture that we have worked to build at Stouse over the past four decades. We are excited to have found that partner in GHJ&M.”
Marquardt will continue to be active with the company at the board level.