| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Compass International Services Corporation |
| 5 Independence Way, Suite 300, Princeton, NJ 08540 * (609) 514-5156 |
| The company was organized to create a leading provider of outsourced business services to public and private entities throughout the sales cycle. The company provides accounts/receivable management services, mailing services and teleservices to clients. |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| NASNTL: | CMPS | Service: | SIC 7322 | |
| Type of Shares: | Common Shares | Filing Date: | 10/6/97 | |
| U.S. Shares: | 4,100,000 | Offer Date: | 2/26/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,100,000 | Offer Price: | $10.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.74 | |
| Offering Amount: | $45,100,000 | Selling: | $0.42 | |
| Expenses: | $3,000,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 11,218,460 | |||
| Employees: | 1023 |
| Issuer's Law Firm: | Katten Muchin & Zavis |
| Bank's Law Firm: | Fulbright & Jaworski |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $71.78 | $43.31 | $34.88 | Assets: | $66.38 |
| Net Income: | $2.87 | $2.44 | $1.68 | Curr Assets: | |
| EPS: | $0.28 | $0.24 | $0.16 | Liabilities: | $47.03 |
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | Equity: | $19.35 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | Working Cap: | -$18.20 | |||
| Competition |
| The markets in which the Company competes are highly competitive, and the Company expects competition to persist and intensify in the future. The Company's competitors include small firms offering specific business services, divisions of large entities, large independent firms and, most significantly, the in-house operations of clients or potential clients. Some of the Company's competitors have substantially greater financial, marketing and other resources, offer more diversified services and operate in broader geographic areas than the Company. There can be no assurance that additional competitors with greater resources than the Company will not enter the Company's markets. All of the services offered by the Company may be performed in-house. Many larger clients retain multiple service providers which exposes the Company to continuous competition in order to remain a preferred vendor. There can be no assurance that outsourcing of the services performed by the Company will continue or that existing Company clients will not bring some or all of such services in-house. |
| Business Plan |
| The Company's goal is to become a leading, single-source provider of outsourced business services throughout the Sales Cycle. In order to achieve this goal, the Company intends to pursue the following strategy: (I) Provide Broad Array of Complementary Services, (ii) Focus on High Quality Client Service, (iv) Leverage and Expand Technology and Operational Infrastructures and (v) Operate with Decentralized Management Structure. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Founding Companies, to retire certain outstanding indebtedness of the Founding Companies, and for working capital and for general corporate purposes including future acquisitions. |
| Name of Shareholder | % Owned Before | % Owned After |
| Kenneth W. Murphy | 0.24 | 0.15 |
| Scott H. Lang | 0.16 | 0.10 |
| BGL Capital Partners, L.L.C. | 0.16 | 0.10 |
| Mary Maloney | 0.07 | 0.05 |
| John Maloney | 0.07 | 0.05 |
| Gene Collins | 0.07 | 0.05 |
| Les J. Kirschbaum | 0.07 | 0.04 |
| Leeds Hackett | 0.05 | 0.03 |
| Officer Name | Title | Age |
| Michael J. Cunningham | Chairman of the Board and Chief Executive Officer | 40 |
| Gene Collins | Chief Executive Officer--Bomar | 55 |
| Kenneth W. Murphy | Chief Executive Officer--Mail Box; Director | 58 |
| Les J. Kirschbaum | Chief Executive Officer--Mid-Continent; Director | 55 |
| Leeds Hackett | Chief Executive Officer--NCMC; Director | 57 |
| Richard A. Alston | Chief Financial Officer | 42 |
| John Maloney | Chief Operating Officer--Bomar; Director | 52 |
| David T. DuCoin | Co-President--Impact | 39 |
| Edward A. DuCoin | Co-President--Impact; Director | 32 |
| Mahmud U. Haq | President and Chief Operating Officer | 38 |