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Poblocki Sign Co. Shuts Down After 92 Years

The company had been struggling with cash flow for years.

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Poblocki Sign Co. (Milwaukee) ceased operations and shut down its four branches earlier this month, according to The Daily Report.

Founded in 1932, the 92-year-old company had 91 employees, including 24 union members, as well as locations in Boston, Orlando, FL and Raleigh, NC. The private equity group TJM Capital Partners (Chicago) promised larger cash infusions when it bought Poblocki Sign Co. in 2015, senior project manager Dustin Wengert stated in a forum post. However, the company only received small investments that did not address core issues.

Poblocki was struggling with cash flow for years, Wengert wrote, resulting in late signs due to a lack of ready materials. They used materials from stock and bought for each job, which led to more late deliveries.

The bank, identified by The Daily Report as Byline Bank (Chicago), seized Poblocki’s funds in March as well as an infusion meant for payroll and later put the company in receivership, according to Wengert. All of the company’s branches shut down and liquidation began on May 8.

To read the full story, click here.

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