Posted on 01/05/07
EdgeStone checking out cheque makers
Americans love their cheques. While the world of commerce is going electronic, U.S. consumers continue to write cheques for 49 per cent of their non-cash transactions.Supplying this market are four major printers, including Custom Direct Income Fund, and a smattering of regional players in a sector that everyone expects will consolidate. With Toronto-based private equity fund EdgeStone Capital Partners' $199-million purchase yesterday of Custom Direct, we have established who wants to be diner, and who might be dinner.
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