BGL Announces Sale of Canadian Secure Card Provider to CPI Card Group
Brown Gibbons Lang & Company announced today the sale of Metaca Corporation (“Metaca” or the “Company”) to CPI Card Group (“CPI”), a portfolio company of Tricor Pacific Capital. Metaca is a subsidiary of Secure Products International. Terms of the transaction were not disclosed.
Headquartered in Toronto, Canada, Metaca one of North America’s leading providers of fully-integrated secure and non-secure card solutions serving the financial, retail, insurance, oil and gas and telecommunications markets. The acquisition of Metaca enables CPI to strategically expand its presence in the Canadian marketplace and support its ever growing international customer base. The Canadian financial card landscape is changing quickly with the rollout of EMV, Dual Interface and contactless chip technology. CPI’s focus is to provide the Canadian customers with innovation, flexibility and delivery to help them better compete in their market sectors.
“We engaged BGL as a result of their exceptional experience in the security, authentication and brand protection industries. BGL’s well-established relationships with the strategic and financial buyer communities allowed the firm to effectively and expediently market the Company to a broad global audience,” commented Bill Nolan of Secure Products International.
BGL Managing Director & Principal, John Tilson commented, “BGL is very pleased to have worked with Metaca on this transaction. The Company has built incredible franchise in the Canadian secure card market and represents a compelling strategic asset for CPI. In addition, this transaction represents another successful outcome for BGL’s industry-leading security, authentication and brand protection practice group.” For further information please contact John Tilson (312) 658-1600 or Jim Mooney (216) 241-2800.
About CPI Card Group
CPI, a global leader in financial and commercial card production, issuance, and services, offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards. CPI’s production sites include Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Colchester, England; and Liverpool, England. CPI Card Group produces high-quality, general-purpose, magnetic stripe and smart cards for many applications. Certified to produce contactless products, CPI specializes in distinctive cards and offers the largest production capacity in North America. CPI’s plants in Colorado and Nevada are ISO 9001:2000 certified. For more information, visit www.cpicardgroup.com.
About Tricor Pacific Capital
Headquartered in Vancouver, with an office in Chicago, Tricor invests in middle-market companies in Western Canada and the Western U.S. Since 1996, Tricor has made 34 acquisitions in the manufacturing, service, distribution and consumer product sectors. The firm targets companies with enterprise values of $25 million to $250 million. Tricor has created significant value by growing and expanding Canadian businesses into the U.S. market and U.S. businesses into the Canadian market. For more information, please visit www.tricorpacific.com.