PSG and Blue Star Innovation Partners (BSIP) have acquired InkSoft and Printavo, merging two former competitors that provide cloud-based software solutions to apparel decorators. Financial terms of the deal were not released.

JP Hunt, co-founder and president of InkSoft, told ASI Media that his company and Printavo had a pre-existing “very friendly competitor relationship and are thrilled to come together.”

InkSoft and Printavo are merging.

“Collaborating will drive so much value and opportunities,” Hunt told ASI Media. “Using our new investment resources, we will be able to deliver more features and enhancements faster.”

Hunt couldn’t delve into specifics on what lies ahead, but noted that InkSoft and Printavo are already working together daily to plot a course for the future. “There are so many exciting opportunities,” he said.

Founded about a decade ago, InkSoft is a cloud-based business software platform made for the unique needs of print shops and decorators. Similarly, Printavo offers a cloud-based tool for print, embroidery, promotional product and sign shops to manage their businesses. 

The enhanced investment resources that Hunt referenced come from PSG and BSIP, which he said are separate entities that partner on acquisitions like this one.

Founded in 2017, BSIP is described as a growth equity family office founded by Rob Wechsler, an experienced entrepreneur and investor who has founded, led and successfully exited numerous companies over 20 years, and Jerry Jones, owner of the Dallas Cowboys. BSIP says it has invested in 13 platform companies and facilitated more than 100 tuck-in acquisitions. 

Found in 2014, PSG describes itself as a growth equity firm that partners with middle-market software and technology-enabled services companies to help them navigate growth, capitalize on strategic opportunities and build teams.

Having backed more than 95 companies and facilitated over 375 add-on acquisitions, PSG “brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams,” the company has stated in a bio.