Integrated Filing Solutions was formed in 2008 through the merger of Milwaukee-based SEMCO Products, along with Chicago-based Positive Marketing Associates & Midwest Index, bringing together three leaders in the North American custom filing products industry. After several years of growing the newly combined business, the ownership of IFS desired to explore strategic and financial alternatives and PPC was engaged as the Company’s financial advisor. The engagement facilitated by PPC encompassed a complete refinancing of the IFS’s existing bank debt, a recapitalization of IFS’s ownership, and a sale-leaseback of one of the Company’s facilities. The recapitalization positions IFS for continued future growth while consolidating the Company’s ownership.