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Longstreet Partners, LLC Completes First Phase of EEI Communications’ Corporate Development Plan while Actively Seeking Growth Capital and Acquisition Targets.
June 1, 2006 - Vienna, Va.
Longstreet Partners, LLC ("Longstreet"), a privately held strategic advisory firm specializing in merchant & investment banking services, has completed its first phase of EEI Communication's ("EEI") corporate development plan with the placement of new CEO Jim deGraffenried. Earlier this year, EEI's Board of Directors set a target to double the size of the business through organic and acquisition growth. The Board also decided to partner with Longstreet to execute its corporate development plan. Longstreet began this assignment in March, placed the new CEO in May, and now is working to obtain capital for future acquisition growth. "Greg and Longstreet have become an integral part of my management group. We rely on and trust their expertise in growing successful business," commented Mr. deGraffenreid.
"Jim's deep knowledge of the publications industry and his proven performance in managing and growing businesses is the keystone to EEI corporate development plan," said Greg McDonough of Longstreet. "I believe Jim will set a new vision for EEI in the very near term, prepare the business for significant revenue growth, and then aggressively seek new opportunities. It is great to be part of his team. Longstreet is focused on partnering with senior executives to help them build thriving businesses, which create substantial value as a part of a structured business process and defined liquidity event plan," added Mr. McDonough.
About EEI CommunicationsEEI Communications provides a host of publishing and communication services, including writing, editing, graphic design, desktop publishing, proofreading, indexing, Web design and development, multimedia, and e-learning solutions. Additionally, on both an in-house and outsource basis, EEI can take a project from the idea stage through production, for both print and electronic products. EEI also provides publishing and new media skills in professional workshops. EEI publishes books and The Editorial Eye, a monthly newsletter focusing on editorial excellence. EEI Communications is an employee-owned company located in Alexandria, VA, and Silver Spring, MD. For more information, visit www.eeicommunications.com.
About Longstreet Partners, LLCLongstreet Partners, LLC ("Longstreet") is a private investment banking and consulting services firm focused on regional small to mid-sized enterprises. Founded in 2002, the firm's partners bring over 100 years of experience of investing in, operating, growing, acquiring and divesting businesses. Longstreet provides services to regional enterprises seeking liquidity events in the near and mid term horizons, including companies that require capital injections or other corporate financings. Longstreet is focused upon partnering with talented managers to help them build thriving businesses, which create substantial value as a part of a structured business process and definite liquidity event plan. For more information about Longstreet partners visit www.longstreetpartners.com.
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© 2007 Longstreet Partners, LLC
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