Stout served as the exclusive financial advisor to Production Services Associates (PSA), a portfolio company of Spell Capital Partners, LLC, in its sale to Plasticard Locktech International (PLI). PSA, founded in 1992 and headquartered in Romeoville, IL, is a leading closed-loop plastic card manufacturer and provider of holistic card marketing solutions. The company manufactures gift, retail, loyalty, membership, and other cards for some of the most well-known, blue-chip retailers, as well as hospitality, financial services, and other companies. PLI is the world’s largest keycard manufacturer and leading gift and loyalty card specialty printer for top-tier global retail, hotel, and gaming brands, among other industries.