NY Shop Buys Printing Equipment Co. From Morgenthaler

American Industrial Partners has bought Mark Andy Inc., a company that makes printing equipment for the tag and label industry, from Morgenthaler Partners.

The firms did not release terms of the deal, which was first reported by Buyouts on Oct. 7. Lenders for the deal included GMAC Commercial Finance and John Hancock, according to a press release.

Morgenthaler, a buyout and venture capital firm, bought St. Louis, Mo.-based Mark Andy in September 2006 from Dover Corp. Terms of that deal were not released, though it was within Morgenthaler’s typical deal value range of $50 million to $250 million, according to press reports from that time. Revenue for Mark Andy exceeded $100 million in 2005, according to published reports.

New York-based American Industrial Partners made the investment out of American Industrial Partners Capital Fund IV LP, a $405 million fund it closed in August. By the time the fund had closed, it had already committed approximately $50 million to three acquisitions since April 2007, according to the firm’s Web site.

The exit for Morgenthaler will come out of Morgenthaler Partners VIII LP, a venture capital-buyout hybrid fund the firm closed in 2005, according to a regulatory filing. Morgenthaler’s Cleveland and Boston-based mid-market buyout group manages $2.5 billion. The firm focuses on deals with transaction values between $25 million and $150 million, and EBITDA in excess of $5 million. Manufacturing and business servicess are its two primary sectors of focus.

Officials at both firms declined to comment.