Latest Announcements & News
Prosperity Plus Assists Digital Office Products in Sale to Nauticon Office Solutions
Kings Park, NY - Prosperity Plus today announced that Digital Office Products (Digital) has been acquired by Nauticon Office Solutions (Nauticon). Prosperity Plus acted as an advisor to Digital throughout the transaction.
Established in 1999 and owned by the Vaghi family, Digital Office Products distributes and services Toshiba, Lexmark and Brother office equipment from its McLean, VA location.
Founded in 1997 by Tom Cunningham and Gary Sockel, Nauticon Office Solutions, specializes in providing world-class customer service, office equipment (Toshiba and Xerox), and fully managed IT support. For more than 25 years its mission has been to provide the "Service First" experience to its customers.
Carter Hertzberg, president of Nauticon, commented: “Our strategy is to partner with people and organizations that share our Service First ethos. Customer service must be the top priority and deeply ingrained in a company’s culture for Nauticon to have an interest in acquiring. It was clear from the start that the Vaghi family and the great people of Digital fit the bill. Nauticon plans to build on this foundation and bring an even higher level of customer support and services to the Digital customer base.”
Joseph Vaghi III, co-founder, and president of Digital remarked “The choice to join Nauticon just made sense for our company. We had maxed out our growth with our current structure and we wanted to provide more opportunity for our customers and our team members to succeed. Nauticon brings growth opportunities to our team and additional services and support for our customers. We could not be happier with this decision.”
Specific details of the transaction are confidential and have not been released.
Prosperity Plus Assists STCR Business Systems
in Sale to Mangrove Equity Partners
Kings Park, NY - Prosperity Plus today announced that STCR Business Systems, Inc. has been acquired by Mangrove Equity Partners. Prosperity Plus acted as an advisor to STCR throughout the transaction.
STCR is an Endwell, NY-based provider of best-in-class retail point-of-sale (POS) solutions to grocery retailers across the United States and the Caribbean. The company provides a single-source solution for its customers’ POS needs, offering a wide array of hardware products from industry-leading manufacturers Toshiba and LOC among others. STCR also offers enterprise software, implementation services, ongoing maintenance services and 24/7 help desk support.
Mangrove Equity Partners, LP is a Tampa, FL-based lower middle-market private equity firm. Mangrove has a well-earned reputation as an effective, fair, flexible, and honorable partner to company owners and managers.
"I am excited about the potential created as we combine STCR's market strength and reputation with Mangrove's track record of growth," said STCR's president. "Bringing these entities together will create a great situation for our customers and employees, as well as for the industry as a whole."
Hunter Reichert, Managing Director at Mangrove was equally positive in his viewpoint on the deal. "The STCR team has built an excellent company," he said. "We are happy they chose Mangrove to help take it to the next level. We see a very bright future for all."
Specific details of the transaction are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. The consulting group may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Turnkey Financial Equipment in Sale to NuSource
Kings Park, NY- Prosperity Plus today announced that Turnkey Financial Equipment has been acquired by NuSource Financial. Prosperity Plus acted as an advisor to Joe Petchulat, owner of Turnkey Financial throughout the transaction.
TurnKey Financial Equipment is a security solutions and branch transformation technology provider for banks and credit unions based in the state of Iowa. With a similar customer base in place, the acquisition creates synergistic opportunities for NuSource Financial, enabling it to provide new security solutions to existing customers in Iowa and Wisconsin. The acquisition also provides the opportunity to leverage NuSource’s expertise in ITM and other branch transformation technologies.
“We are extremely excited about the acquisition of TurnKey Financial Equipment,” said Jon Erpelding, President and CEO of NuSource Financial. “With NuSource’s commitment to helping financial institutions automate more transactions while creating a great customer experience, the addition TurnKey is a strong fit that both TurnKey and NuSource clients will benefit from. TurnKey has an amazing group of talented people that we are excited to have join our family."
Petchulat echoed those thoughts by saying "I am excited about bringing these two companies together. As I move into retirement, I am happy to know TurnKey’s great customers and employees will be well cared as part of the team at NuSource.”
Specific details of the transaction are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. The consulting group may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
About NuSource Financial
NuSource Financial is one of the fastest growing technology solutions integration companies in the U.S., supplying ATM, Branch Transformation, and Security & Alarm solutions. A commitment to integrating technologies that drive success for clients has fueled their growth into seventeen states with over 700 financial institutions.
About TurnKey Financial Equipment
TurnKey Financial Equipment, based in Manchester, IA is a growing provider of ATM, Branch Transformation and Security products and services for financial institutions. Through a complete line of physical and electronic security products, as well as full servicing capabilities, TurnKey is committed to providing the highest quality products backed by a strong commitment to service.
Prosperity Plus is now an IBPI Preferred Vendor Partner
Prosperity Plus (www.prosperityplus.com), an industry leader in administrative, financial and marketing consulting, has partnered with IBPI (www.ibpi.net) to provide an array of programs and services built to assist dealers in adding value to their business. As a preferred partner, Prosperity Plus will provide four programs for IBPI Members:
“IBPI is extremely excited to partner with a proven leader in our industry.” said Mark Grice, Executive Director at IBPI. “Prosperity Plus has been providing consulting and advice to this industry for over 20 years. Jim Kahrs and his group make a great addition to the IBPI team of Vendor Partners.”
“We are very pleased to be a part of the IBPI group as a preferred vendor,” said Jim Kahrs, President and Founder, Prosperity Plus. “This group has never veered from its purpose of helping its members strengthen their identities and independence in their marketplaces from the bottom line up. That has been a big part of our mission for more than 20 years. So, our philosophies align very well.”
About IBPI
IBPI (www.IBPI.net) is the largest buying group in the office equipment industry. Their membership is composed of over 500 commercial copier and print dealers located throughout the United States and Canada. Since 1987, IBPI has built an outstanding reputation, based upon bringing tremendous buying power to dealers. Members get discounted pricing from vendors and a rebate check every year based on their purchases. IBPI is committed to combining the buying power of its’ membership through purchasing programs negotiated with vendors who provide quality products and services.
About Prosperity Plus
Since 2001, Prosperity Plus Management Consulting, Inc. has helped business systems dealerships achieve their goals in terms of profitability, cash flow and growth. The company is licensed to deliver administrative, financial, and marketing consulting based on the highly successful Hubbard® Management System which has been used among businesses worldwide and in just about every industry or profession you can imagine. That system, along with the group’s industry experience, has made hundreds of organizations saner, more productive, and very often twice as profitable in less than year. Much of that success is also driven by the ValueBuilder System™ which Prosperity Plus uses to help dealerships increase company value and position themselves for a premium offer when they are ready to sell.
For more information, please contact Jim Kahrs
jkahrs@prosperityplus.com 631-382-7762, ext. 101
Prosperity Plus Celebrates its 20th Corporate Anniversary
Kings Park, NY – Prosperity Plus, a well-respected consulting group for businesses across many parts of North America, reached its 20-year milestone this summer.
Since its founding in 2001 by Jim Kahrs, the company has serviced nearly 500 clients with its unique blend of industry expertise and administrative technology driven by the Hubbard Management System and the Value Builder System, which the company is licensed to deliver. It has led 281 merger/acquisition/valuation transactions among independent business systems dealerships over that period of time. In short, Prosperity Plus has and brought countless executives and staff into higher levels of operating efficiency, productivity, and profitability.
While reflecting on this anniversary, Kahrs was quick to point out the speed with which two decades have passed since he started the company in July 2001. When he started the business, he did one-on-one consulting with independent dealers in the copy/print business. The makeup of the group’s revenue changed very quickly as Prosperity’s influence expanded into other marketplaces including mailing systems, information technology, office furniture and supplies, filing systems and point-of-sale systems. Today, the company services clients in these industries plus financial security, identification, electronics, and healthcare.
Today, Kahrs and his team as a whole have become opinion leaders among business owners, manufacturers, and trade associations alike. He’s spoken at conferences hosted by 15 different trade groups including the Business Technology Association, Association of Independent Mailing Equipment Dealers , the Financial & Security Products Association, International Systems Dealer Association, CompTIA, Retail Solutions Providers Association, and others.
“It’s really been interesting and fun to learn different markets. The similarities from one industry to the next has made for a shortened learning curve and has provided opportunities to apply successes from one industry to another.” Kahrs said. “Yet, the most important aspect of this to me is the countless friendships that I have made over the years. Having met thousands and thousands of people over the past 20 years is a highlight. I’ve had the ability to truly help people achieve their business and personal goals and move their lives in a direction they really wanted. That’s very gratifying.”
Prosperity Plus Assists All Pro Office Technology in Sale to Marco
Prosperity Plus Management Consulting, Inc. today announced that All Pro Office Technology has been acquired by Marco. Prosperity Plus acted as an advisor to Bill Moyer, All Pro's president throughout the transaction.
Located in Alton, IL, All Pro Office Technology has been serving the greater St. Louis area for more than 20 years. All Pro's president, Bill Moyer, was looking for a group to take over the business as he moves into retirement. Moyer stated, “I wanted my customers who have become my friends, to continue getting the same great service or even better than All Pro has provided them for 29 years. Marco will continue the great service, along with offering more IT solutions and managed services,”
“We are pleased to expand in our Illinois market with the acquisition of All Pro Office Technology,” said Marco CEO Doug Albregts. “We look forward to providing quality service to our clients, offering expanded resources and services, and investing in this community.”
Specific details of the transaction are confidential and have not been released.
Prosperity Plus Assists Business Copy Associates in Sale to UBEO
Prosperity Plus Management Consulting, Inc. today announced that Business Copy Associates (BCA) has been acquired by UBEO. Prosperity Plus acted as an advisor to Bill Horrigan, BCA's president throughout the transaction.
Since 1962, Business Copy Associates has been recognized as an award winning and leading provider of business technology solutions in the Greater Boston area and beyond. BCA is also the official copier provider of the Boston Red Sox and is active member of the community.
“Our industry has been around a long time and is constantly evolving,” commented Bill Horrigan. “Our industry is becoming more competitive and more diversified at the same time. Choosing to join UBEO is the best decision we could have made for our employees and our customers. Our employees will continue to thrive and now have more opportunity to grow their careers at UBEO. For our customers, it means more choices in products, additional value-added services, and a much deeper support system.”
“With BCA joining UBEO, we are getting another solid organization with a long history of exceptional service,” said Jim Sheffield, CEO of UBEO, LLC. “We have gotten to know the team at BCA very well over the past year, and all are exceptional people. We couldn’t be happier to bring the UBEO experience to the Boston market. It’s an iconic American city and a great opportunity for us to grow.”
Specific details of the transaction are confidential and have not been released.
Prosperity Plus Assists Service Security Technologies in Sale to Bancare, Inc.
Prosperity Plus Management Consulting, Inc. today announced that Service Security Technologies, Inc. (SSTI) has been acquired by Bancare, Inc. Prosperity Plus acted as an advisor to Gary Ainsworth, SSTI’s president throughout the transaction.
Founded in 2003 and located in Loves Park IL, SSTI is an equipment and service provider for the financial industry in the Illinois and Wisconsin markets. SSTI’s expertise is alarm and security equipment, drive-up systems, service, and repair.
Founded in 1972 and located in Arlington Heights, IL. Bancare provides banking equipment and services. The company also provides construction and facility maintenance services to a broad variety of industries including financial, retail, and medical.
Ainsworth noted that this acquisition brings new products and services for his customers. “We will continue to offer our great products and services," he said. "Plus, we are now able to offer construction services, facility maintenance, ATMs, ITMs, and TCRs. Bancare’s experience, products, and team members will be a great way of expanding our resources and give us more options in serving our customers' needs. We are proud to be part of the Bancare family.”
The entire SSTI team will join the Bancare family, continuing to serve customers in central and Northern Illinois and southern Wisconsin.
“We are extremely excited about the acquisition of SSTI,” said James Cozzi, President of Bancare. “SSTI fits nicely with Bancare’s high level of quality and commitment that we provide to our customers.”
Specific details of the transaction are confidential and have not been released.
Prosperity Plus Assists Office Equipment Source in Sale to Higher Information Group
Smithtown, NY- Prosperity Plus Management Consulting, Inc. today announced that Office Equipment Source (OES) has been acquired by Higher Information Group, LLC. Prosperity Plus acted as an advisor to Mike, Gina and Drew Mitchell throughout the transaction.
OES is a family-owned technology company based in Elmira, New York servicing several counties in upstate New York and northeastern Pennsylvania.
"OES is an exceptional company offering a range of document technology solutions with an outstanding reputation for service and commitment to the community," said John Frisch, Owner and President of HIG." The partnership will supercharge our capacity to serve customers and accelerate our mission of helping businesses transform their day-to-day operations so they can focus on what matters most."
According to OES VP of Operations Drew Mitchell, "OES and the Mitchells are extremely proud to begin this new journey with HIG. We believe this opportunity will empower our customers and our employees to deliver the most extensive and up-to-date service portfolio in the industry. We are excited to expand our capabilities and look forward to helping our customers grow their business."
HIG will retain all existing OES sales, service, and support staff. Additionally, principals Mike Mitchell and Drew Mitchell will continue in executive roles with OES as part of the Higher Information Group family.
The acquisition extends HIG's presence - spanning from the southern border of south-central PA and east to Philadelphia and to the north-central border of PA to central New York and beyond.
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. The consulting group may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Scheffer's Office Furniture & Business Machines in Sale to Lakeland Office Systems, Inc.
Smithtown, NY- Prosperity Plus Management Consulting, Inc. today announced that Scheffer's Office Furniture & Business Machines has been acquired by Lakeland Office Systems, Inc. Prosperity Plus acted as an advisor to Bonnie and Sonny Scheffer throughout the transaction.
Established in 1995, Scheffer's has been servicing southeast Missouri with state-of-the-art products and services. Scheffer's creates working environments for any type of business with machines, furniture and accessories. It offers traditional executive desks to cafeteria seating, printing solutions and everything in between. The company is a one-stop shop for all office needs.
"We are excited about joining forces with John and David Tyson and the team at Lakeland" said Bonnie Scheffer. "We share the same company values and have a strong customer focus. Our customers will now have access to an even greater offering of products and services."
Lakeland Office Systems, Inc. was founded in 1985 by two former field technicians. Taking their experience working with one of the largest copier manufacturers in the world, and their combined 33 years of experience, the founders created Lakeland with the primary goal of putting the customer first. Lakeland has serviced "the Four States"-Oklahoma, Kansas, Missouri, and Arkansas-for more than 30 years. It provides printer systems, managed print services, document management, software solutions and managed IT services all with outstanding customer service.
John Tyson, the president of Lakeland was quoted as saying, "We are excited bring these great companies together. Bonnie and Sonny have built a great business and we look forward to keeping that legacy going strong. We are pleased to have retained nearly all of their team and even happier to have Bonnie and Sonny to assist us with the transition."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. The consulting group may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Area Distributors, Inc. in Sale
Smithtown, NY- Prosperity Plus Management Consulting, Inc. today announced that Area Distributors, Inc. has been acquired by Ken Sparrow and Jeff Rupert along with an investor group under ADI Ventures, Inc. Prosperity Plus acted as an advisor to Kevin Slough, the president of Area Distributors, throughout the transaction.
Area Distributors, Inc. has served Quincy, IL and the surrounding area since 1963. Area offers Janitorial Supplies including Cleaning Chemicals and Equipment and Personal Protection Equipment (PPE) to its customers. The company also specializes in a variety of restaurant supplies and equipment. Furthermore, the company offers office supplies and furniture with full service design and installation of office furniture, in addition to a broad selection of industrial supplies.
"We were privileged to lead the business that our father D. Richard "Dick" Slough started over 55 years ago, and we are confident that it will continue to grow and enjoy a very bright future under the new ownership," said Slough. "We are elated by the ownership transition to Ken and Jeff, both with proven track records. They will maintain our company culture for our customers, employees, and suppliers."
"We are excited about leading Area into the future," said Sparrow. "Area's products and technical services are second to none and its customer service has been key to successfully operating in the region for more than 55 years."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call.
For more information contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
Prosperity Plus Assists FileSafe in Sale to Bankers Security
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that FileSafe, Inc. has been acquired by Bankers Security, a banking and security provider headquartered in Raytown, MO. Prosperity Plus acted as an advisor to Greg Hindman, the owner of FileSafe, throughout the transaction.
Established in 1947, FileSafe provides systems to outfit entire financial institutions with products such as remote drive-up systems, vaults, safe deposit boxes and building protection services. FileSafe is headquartered in Salina, KS.
"FileSafe is a great addition to the Bankers Security family," said Mark Thatcher, Sr., the President of Bankers Security. "Greg and his team have built a great organization that has an excellent reputation. Bringing these two companies together will be a win-win for all involved."
Bankers Security was founded in 1981 by Chris Thatcher. The company offers a full complement of banking and security systems and services. Bankers Security has three offices in Missouri, one in Omaha, NE; one in Denver; and the newly added FileSafe location in Salina, KS. Sustaining continued growth over the years, the company has remained true to its mission to build a lasting relationship with its customers through the products it offers and the unrivaled services it provides.
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 ext. 101 or jkahrs@prosperityplus.com.
Prosperity Plus Adds M&A Specialist
Prosperity Plus has expanded its consulting team with the appointment of a new financial analyst and merger/acquisition support specialist with more than 35 years of experience in the business systems industry. Ilene Marin has taken up the newly created post at Prosperity Plus, reporting directly to Jim Kahrs, the president and founder of the consulting group.
Prior to joining Prosperity Plus, Marin was an operations director for an independent business systems dealership. Her experience and expertise in financial management, dealership operations, vendor interactions, purchasing, human resources and staff leadership are a natural fit for the group as it continues to assist dealers navigate their way through the M&A process.
"I am very excited to have Ilene join our team," said Kahrs. "I have known her for more than 25 years and know she will be a great asset. Her knowledge and track record in the dealership environment and extensive experience with e-Automate will be a tremendous help. Ilene has already made an impact, jumping right in to assist our clients in navigating the Paycheck Protection Program."
Prosperity Plus offers a full range of merger and acquisition services as well as management consulting and marketing services. The company will be celebrating its 19th anniversary in July. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Complete Document Solutions in Purchasing Office Suppliers
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Complete Document Solutions (CDS) has acquired Office Suppliers, Inc. an office technology provider in Chambersburg, PA. Prosperity Plus acted as an advisor to John Hand, the owner and Chief Executive Officer of CDS throughout the transaction.
Office Suppliers is an authorized Xerox Agency offering a full line of equipment and services in three counties in south central Pennsylvania. Having Office Suppliers enables CDS to advance its growth strategy while giving Office Suppliers' customers a higher level of service and selection given the extent and range of the CDS organization.
"Office Suppliers is a great addition to the CDS family," Hand said. "John and Sarah Nogle at Office Suppliers have built a great organization that has a reputation for being involved in the community and taking care of their customers. We are thrilled they will be joining the CDS family, of close to 200 employees, in our new venture."
Since 1996, Complete Document Solutions (CDS) has been a leader in office technology, primarily Xerox copiers and printers. The company covers six states throughout the Northeast and Mid-Atlantic regions, offering Xerox copier services as well as managed print and managed IT services. More than 10,000 customers trust and rely on CDS to handle their technology needs.
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Murfreesboro Business Machines in Sale of the Business to Reach Technologies
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Murfreesboro Business Machines (MBM) has been acquired by Reach Technologies. Prosperity Plus acted as an advisor to Jerry Beaird, the owner of MBM, throughout the transaction.
Headquartered in Murfreesboro, TN, MBM was founded in 1998 by Beaird. MBM serves the greater Nashville market with copy/print solutions from Ricoh and Sharp as well as mailing systems from FP Mailing Solutions and phone systems from Allworx and Vertical.
Reach Technologies opened its doors in 1983 specializing in computer sales and repairs. After 10 successful years Reach expanded their business to include printer supplies and service/repair. In March 2005, Kevin Boeckman purchased Reach Technologies and continued to expand the business by adding office supplies, specialty printing and copier equipment, supplies and service. The acquisition of MBM brings Reach to seven locations.
"We took our time to find the right partner to carry the MBM torch forward," said Beaird. "Our customers, employees and vendors are very important to us and we wanted them in the right hands. We are confident that Kevin and his team will help take the business to the next level." Jerry will be assisting with the transition of the business before moving into retirement.
"We are excited to welcome the staff and customers of MBM," states Kevin Boeckman, President of Reach Technologies. "We expect this expansion into the Nashville market to be a win for all parties."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Laser Technologies Service in Sale to Flex Technology Group
Prosperity Plus Management Consulting, Inc. is pleased to announce that Laser Technologies Service, Inc. has been acquired by Flex Technology Group. Prosperity Plus acted as an advisor to John Toomy and Claudel Jeannot, the owners of Laser Technologies Service, throughout the transaction.
Founded in 1999 by John and Claudel, Laser Technologies has become a primary service provider for businesses based in the Greater Boston area. The company has earned recognition as an HP Gold Imaging and Printing Partner by establishing expertise in managing large corporate printer fleets. Today, Laser Technologies provides leading edge office technology like copiers, printers, and document management software.
"Our partnership with Flex Technology Group allows us to accelerate our growth initiatives and increase opportunities for our employees," states John Toomy, president of Laser Technologies. "Flex Technology Group has the experience and expertise to accelerate our business rapidly, and Flo-Tech offers us additional capacity to expand nationally."
Laser Technologies will roll under Flo-Tech but will continue to operate independently while leveraging the resources of the combined group. Laser Technologies' executive team will remain in their leadership roles to ensure the company's continued success in serving its customers, employees and the greater Boston community.
Flex Technology Group provides customized office technology solutions for national and leading-edge regional companies. The company focuses on print, document management, document production and managed IT solutions, representing industry-leading suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark, Sharp and various software solutions. FTG services over 60,000 customers nationally.
"We are excited to welcome Laser Technologies to our growing family," states Frank Gaspari, CEO of Flex Technology Group. "This new partnership coupled with Flo-Tech's existing coverage will greatly fuel our expansion in the Northeast."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Office Specialists, Inc. in Sale of the Business to Advanced Business Systems
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Office Specialists, Inc. was sold to Advanced Business Systems. Prosperity Plus acted as an adviser to Steve Gerstenberger, Randy Conlon and Trent Pearson, the owners of Office Specialists, throughout the transaction.
Office Specialists, Inc. (OSI) was established by Randy Conlon and Steve Gerstenberger in November of 1989. What started as a four person operation has grown to 28 employees serving the more than 900+ customers in West Central Illinois. OSI offers a full line of office supplies, janitorial and break room supplies, office furniture, copy/print products and IT solutions.
Locally owned and operated, Advanced Business Systems has proudly served Eastern Iowa and Western Illinois for over 40 years. Headquartered in Moline, IL, ABS employs a staff of experts in print solutions, document solutions, and information technology services.
The staff from OSI will remain in place going forward. When asked about the sale Gerstenberger said, "We are excited to bring the OSI and ABS teams together. We operate under very similar philosophies. Brain (Soucinek), Mark (Parkinson), Barry (Mulvania) and their team have built a great company. I am looking forward to a very successful future for our customers, employees and vendors."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Complete Mailing Partners in the Acquisition of Alternative Business Automation Solutions
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Complete Mailing Partners acquired Alternative Business Automation Solutions (ABAS). Prosperity Plus acted as an adviser to Bill Weir and his team at throughout the transaction.
Complete Mailing Partners (CMP) was founded in Dallas, TX in 2007 by Weir. CMP is fully equipped to handle their customers' needs for postage meters, folders, folder-inserters, envelope addressing systems, automatic envelope openers, and the supplies required to maintain them.
In adding ABAS they now expand their offering to covered copy, print and wide format printing. In describing the transaction Weir was quoted as saying, "We are excited to expand our customer base to now include the FP-USA customers that were with ABAS as well as the new copy/print customers that will be coming along. Craig built a great company and we are honored that he selected CMP to carry the torch forward for him."
The team at ABAS will be remaining on board going forward. Craig Wasilchak, the president of ABAS, will remain for a transition period before moving on the focus on the internet marketing company he recently formed. Of the transaction, Wasilchak said, "I am excited for the future of our customers and employees under the CMP umbrella. Bill has built a great company and I am confident they will do great things".
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Advanced Imaging Solutions in Acquisition of Comworx
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Comworx, Inc. was acquired by Advanced Imaging Solutions (AIS) on April 30, 2019. Prosperity Plus acted as an adviser to Gary Harouff and his team at Advanced Imaging Solutions throughout the transaction.
Founded in 2002, Advanced Imaging Solutions, Inc. (AIS) provides copiers, printers, managed IT services, 3D printing, document and process management, copier and printer repair and maintenance contracts, telephone services throughout Southern Nevada and Southern California. With offices in Las Vegas, San Diego, Corona, and Palm Desert, AIS is committed to excellent customer service and business solutions that work.
Comworx has been serving the telephone, video and data needs of the greater Las Vegas area since 2003. They understand the complexity of system integration needed in today's world, and provide unified solutions for single offices, multiple locations or large call centers. Their knowledge and expertise in the field of business communication technologies allows them to deliver industry-leading Cloud and Hosted Systems, IP Telephony, Digital Telephony, Call Center, Call Recording, and Mobility Solutions.
"The acquisition of Comworx furthers our expansion and diversification into business communication technologies." said Gary Harouff, President of AIS. "Comworx has built a great reputation for their expertise and superior customer experience. Their company is a perfect fit with our philosophy. We are excited to have John, Tim and their entire team join the AIS family."
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Dakota Mailing & Shipping Equipment in Sale of the Business
Smithtown, NY -- Prosperity Plus Management Consulting, Inc. is pleased to announce that Dakota Mailing & Shipping Equipment was sold to Adam Berge and Pempo, LLC. on February 22, 2019. Prosperity Plus acted as an adviser to Joe Engh and his team at Dakota Mailing throughout the transaction.
Dakota Mailing was founded in Fargo, ND in 1999 by Engh. Though originally focusing only on mailing machines, over the past decade they have grown to take on numerous vendors and manufacturers. Dakota Mailing offers solutions for not only mailing equipment, but folding/inserting, mailing software, and high-grade printing and finishing equipment.
Adam Berge is the owner and president of Pure Water Technology of the North. His acquisition of Dakota Mailing was done to expand their offering into the mailing and shipping space. Berge said of the transaction, "Dakota Mailing is a company that was built on the same principles as Pure Water Technology. Bringing the two together seemed like a natural fit. We look forward to serving the needs of the area's businesses with this expanded offering."
"Adam and his team have built a great company with a great reputation" said Engh. "I know that Dakota Mailing's customer couldn't be in better hands."
Engh will be assisting during the transition while the rest of his team will remain on board for the foreseeable future.
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Prosperity Plus Assists Advanced Imaging Solutions in Acquisition of Desert Images
Smithtown, NY- Prosperity Plus Management Consulting, Inc. is pleased to announce that Desert Images was acquired by Advanced Imaging Solutions (AIS) on December 28, 2018. Prosperity Plus acted as an adviser to Gary Harouff and his team at Advanced Imaging Solutions throughout the transaction.
Founded in 2002, Advanced Imaging Solutions, Inc. (AIS) provides copiers, printers, managed IT services, 3D printing, document and process management, copier and printer repair and maintenance contracts, telephone services throughout Southern Nevada and Southern California. With offices in Las Vegas, San Diego, Corona, and Palm Desert, AIS is committed to excellent customer service and business solutions that work.
"This acquisition is another great step in furthering our expansion plans toward achieving our long-term business goals," said Gary Harouff, President of AIS. "We are excited to bring Desert Images and its client base into the AIS family. The company's loyal customers will have access to more technology and we gain the experience of the Desert Images team. A win-win for everyone."
"We've known AIS and the management for many years. We are looking forward to experiencing and becoming the newest members of the AIS culture and team," said John Zaccaria, President of Desert Images.
Specific details are confidential and have not been released.
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com.
Campbell Business Machines Acquired by Central Business Systems
Prosperity Plus Management Consulting, Inc. today announced that it advised Darrell Campbell of Campbell Business Machines in its sale to Central Business Systems.
Headquartered in Belle, WV, Campbell Business Machines (CBM) is a long-standing mailing and shipping systems dealership. The company has served West Virginia, as well as the counties in Kentucky and Ohio that border West Virginia, for 43 years. It sells and services products from Neopost, MBM, Martin Yale, Destroyit and others.
For more than 70 years, Central Business Systems, Inc. has been providing technology services to Kentucky, Indiana, Ohio, and West Virginia businesses. It is the regional leader in total technology solutions. CBS is the best at helping customers save money on IT, printing and mailing costs while improving office processes to streamline productivity along the way.
Specific terms behind the acquisition were not disclosed. However Frank Shoaf, President of Central Business Systems, said all CBM customers and most of its employees will transition to CBS. Shoaf went on to say, "Our goal is to make this a smooth transition. Darrell and his team built a great business. We will take good care of the employees and customers as Darrell moves into retirement. We are excited to bring additional product and service offerings to the customers of Campbell Business Machines."
Darrell Campbell said of the transaction, "I am happy to be able to pass the torch on to Frank and his team. I know they will make the future for all involved a bright one."
Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online.
Total Retail Solutions Acquired by Dumac Business Systems
December 14, 2018 -- Smithtown, NY -- Prosperity Plus Management Consulting, Inc. today announced that it advised the owners of Total Retail Solutions in its sale to Dumac Business Systems.
Headquartered in West Monroe, LA, Total Retail Solutions (TRS) is a southeastern regional provider of point-of-sale systems. NCR, Fujitsu, Retalix, BASS, BRData, S4, EzScan, ISS45 adn Scanmaster are among the name-brand manufacturers on the company's line card. Dumac is based in DeWitt, NY. It too is a regional provider of POS systems including those produced by Panasonic, NCR, Aloha, and Xpient.
Specific terms behind the acquisition were not disclosed. However Dumac said all TRS customers and most of its employees will transition to Dumac. Aaron Davidson, who served as president of TRS, will continue in a leadership role with Dumac, the company said. TRS operates two facilities in Louisiana and one each in Arkansas, Mississippi and Tennessee. They will continue to operate under the Dumac name.
"TRS and Dumac are comparable and compatible companies," Dumac Vice President Phil McCarthy said in a statement. "We work with similar vendors, align geographically between the regions TRS serves and our operations in Texas and Oklahoma, and, most importantly, share a very similar culture of taking great care of customers and always doing the right thing."
Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online.
