Graphics 3 Sold to Minuteman Press
Deal News | Mar 04, 2025 | Globenewswire
Graphics 3, a second-generation printing business in Coldwater, Michigan, has been a staple in the community for 49 years, initially founded as CE Kleindienst Co in 1887 before becoming Graphics 3 in 1976. Under the ownership of Mike Iveson since 1998, the company has continued investing in new equipment and expanding its product offerings. However, with Mike planning his retirement, a sale was pursued. Initially unsuccessful in attracting buyers, Mike was ultimately assisted by Rich DeRosa from Minuteman Press, leading to the successful sale to Tyler Griffith, a former aerospace and automotive industry professional. The business will continue under the Minuteman Press brand, maintaining its dedication to high-quality service and community involvement. The transition has been seamless, with the new owner Tyler Griffith emphasizing continuity, community connection, and the importance of his team.
Sectors
- Printing and Publishing
- Franchise Business
Geography
- United States – The article is centered in the United States, specifically Coldwater, MI, where the transaction and business operations are located.
- Michigan – The focus is on Coldwater, MI, where Graphics 3 has been a significant part of the community, and where it will continue business as Minuteman Press.
Industry
- Printing and Publishing – The article involves Graphics 3, a long-established printing business, transitioning to a Minuteman Press franchise, highlighting continued service in the printing industry.
- Franchise Business – The transition of Graphics 3 to a Minuteman Press highlights franchising dynamics and influences readiness for business continuity and local community engagement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Graphics 3 | Target Company | Company | A second-generation printing business with a history dating back to 1887, sold to become Minuteman Press. |
| Mike Iveson | Seller | Person | Retiring owner of Graphics 3, who oversaw the transition of his business to Tyler Griffith. |
| Tyler Griffith | Buyer | Person | New owner of the former Graphics 3 business, now a Minuteman Press franchisee, with a background in engineering and manufacturing. |
| Minuteman Press | Franchisor | Company | Franchise network assisting in the sale and continued operations of the business. |
| Rich DeRosa | Facilitator | Person | Regional VP at Minuteman Press who assisted in the sale and transition process. |