GITP Ventures Acquires Stake in Philadelphia area Double Eagle Digital
- Double Eagle Digital provides state-of-the-art digital print services to the Delaware Valley
- Digital print market projected to reach $187.7 billion by 2018
- Investment marks GITP’s return to Philadelphia high-tech scene
King of Prussia, Pennsylvania (Wire Services) October 30, 2017
GITP Ventures, a private equity firm based in Panama, announced today that the company has acquired a 50% stake in Double Eagle Digital, a Philadelphia area digital printing company. Double Eagle Digital uses state-of-the-art digital printing technology to provide full color digital printing, wide format printing, bindery and finishing with exemplary customer service.
“Digital printing accounts for 16.2% of the global print market value and 2.9% of the volume”, said Michael Puscar, founder of GITP Ventures. “It has grown in marketshare year over year, and that represents a real opportunity for investment in the sector.”
Puscar indicated that the investment from GITP will be used to grow Double Eagle Digital’s inventory of machines, providing more services and faster turnaround time to customers.
Serial entrepreneur and businessman Scott Carpenter will lead Double Eagle Digital as CEO and President. Carpenter was born and raised in King of Prussia, and has worked in the printing industry for more than 25 years, pioneering the use of digital print technology in the Delaware Valley.
“I cannot think of a better leader than Scott Carpenter”, Puscar added. “He has a passion for this industry and a passion for delivering high quality products to his customers on-time or ahead of schedule.”
Double Eagle Digital utilizes a Ricoh 9110 Digital Press for printing, capable of producing more than 130 pages per minute with 1200 x 4800 dpi resolution. The company also offers wide format print services, pre-press graphic design, bindery, finishing and print-on-demand for book publishing.
About Double Eagle Digital
Double Eagle Digital is a state-of-the-art digital printing company located in King of Prussia, Pennsylvania. For more information about Double Eagle Digital, please visit www.http://doubleeagledigital.com/ or contact Scott Carpenter by e-mail, firstname.lastname@example.org.
About GITP Ventures
Founded in 2012 by Michael Puscar, GITP Ventures is a private equity group that invests in dynamic, scalable companies with an international focus. GITP’s portfolio spans a wide array of verticals including technology, media, retail and fashion. GITP’s companies are challenging the paradigms of their respective industries by embracing and deploying adaptive, innovative technologies. For more information about GITP S.A., please visit www.gitp.com.co.