Printware, the Minnesota-based manufacturer of iJetColor digital inkjet presses, has been acquired by Pillsman Partners and Peninsula Capital Partners in a transaction aimed at accelerating growth and innovation in the expanding inkjet market. The new ownership will focus on enhancing Printware’s production capabilities, broadening its product portfolio in the envelope segment, and leveraging its design and engineering expertise to enter adjacent print and packaging markets. Tim Murphy will remain President and CEO, ensuring continuity as the company enters its next phase of expansion.

Known for its iJetColor systems, Printware serves short-run, high-impact applications, including personalized envelopes, direct mail, and custom packaging. The new investors intend to support continued high-level investment in inkjet technology, positioning the company to capitalize on growing demand for digital print solutions that enable faster turnaround, personalization, and workflow automation. Advisors on the transaction included Hennepin Partners as financial advisor to Printware and Husch Blackwell as legal counsel.

The acquisition fits within a broader pattern of consolidation in the printing and specialty manufacturing sectors, where private equity firms are increasingly targeting technology-driven platforms. Pillsman and Peninsula have previously invested in companies such as Bristol ID Technologies and Edge One, among others, and view Printware as a strategic entry point into high-growth digital inkjet. As the industry continues shifting from analog to automated digital production, Printware’s expanded backing signals confidence in inkjet as a core driver of future print profitability.