Milwaukee, WI – LPi Digital, LLC (“LPi”) has been acquired by Sound Growth Partners (“SGP”) along with its co-investors Everside Capital Partners and Caumsett Capital. Hennepin Partners served as the LPi’s exclusive financial advisor and Godfrey & Kahn, S.C. served as legal counsel.
Headquartered in Milwaukee, WI, LPi is the largest provider of advertising-supported, print and digital bulletins and newsletters to faith-based, community, and membership organizations across the U.S.
“Over the past 50 years, LPi has carved out an incredible niche and is in a rare class of longstanding successful organizations,” said Joe Luedtke, CEO of LPi. “With SGP’s investment, we’re looking forward to the next chapter in LPi’s story.”
“LPi’s commitment to supporting its partner organizations through innovative communication solutions sets it apart as a leader in community engagement,” said David Glazer, Partner at SGP. “We are excited to collaborate with the LPi team as they continue to invest in the technology that will enable them to expand their impact and enhance support of their partners and customers even further.”
Regarding Hennepin Partners, Joe Luedtke added, “We considered a number of options when selecting our M&A advisor, ultimately choosing Hennepin Partners because of the team’s impressive industry experience, buyer relationships, and senior-level attention. Hennepin put forth an incredible effort articulating our business differentiation and marketing our value to potential acquirers. Under their pervasive direction and guidance, we ultimately achieved a very successful transaction. These processes are not easy in the least – Hennepin’s expertise was invaluable in guiding us through the process.”