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June 3,
2010 - Elk Grove Village, IL
Des Plaines Office Equipment (DPOE) acquires Chicago-based Kee Business Systems; fourth acquisition in last four years for growing Elk Grove company
ELK GROVE VILLAGE, IL, ISSUED JUNE 3, 2010 - Des Plaines Office Equipment (DPOE), the Chicago area's leading provider of office equipment solutions since 1955, today announced the acquisition of Kee Business Systems of Elk Grove, IL, the fourth acquisition that DPOE has completed within the last four years. Chip Miceli, President of DPOE, did not disclose the terms of the acquisition but said that Kee Business Systems performed in the $1 million range in annual sales. Miceli further noted that the recently-acquired company, which was founded in 1957, has had a strong presence in the Chicago market as a dealer for Konica Minolta office equipment. Kee sold and serviced copiers, printers and facsimiles, and Miceli noted that a large portion of the company's business model focuses on service. DPOE will close the Kee Business Systems office at 1400 Landmeier Road, Elk Grove, and move the operation into DPOE's corporate headquarters at 1020 Bonaventure Avenue, also in Elk Grove. Under the terms of the acquisition, DPOE will hire seven former Kee Business Systems employees, including the company's President, Jeff Kee, who will join DPOE in a sales capacity. This acquisition interested us for a number of reasons, Miceli said, noting, They are a strong, established presence in the Chicago market, having been in business almost as long as we have at DPOE. Also, they focused on a product line different from the ones we carry, so that this will give us the opportunity to expand our offerings into Konica Minolta and further strengthen our marketshare. He continued, Jeff Kee and his team are well-respected in this industry and this market, and we are delighted to have them join the DPOE family. Miceli noted that his company is continually expanding its product and service specialties, having developed a specialization in Managed Print Services and IT, as well as traditional services offered in his industry. DPOE's recent acquisitions include: � The Chicago-based ABM Office Equipment, a $3 million, 35-year old independent company specializing in office/document equipment including CopyStar, Xerox and Kyocera, in 2009 � The Tinley Park (suburban Chicago) Synergistics Office Solutions, a $1 million company specializing in Sharp office equipment, in 2008 � The suburban Chicago DVT (Document Vision Technologies), a $5 million office products company specializing in Kyocera, in 2007 About DPOE Des Plaines Office Equipment (DPOE, www.dpoe.com), is a Chicago-area leader in the field of print management, and document generation equipment and solutions. The firm has been serving the Chicago area since 1955. Today, DPOE operates three locations: its headquarters in Elk Grove Village, and a location in Chicago (211 West Wacker Drive) and Rockford (Loves Park, IL). DPOE is a leading provider of Sharp office equipment, as well as Oki Data. Additionally, DPOE is an authorized dealer for HP, and InfoDynamics. DPOE provides products and services to a diverse client base that includes schools, hospitals, law offices, accounting firms, and financial institutions, among others. The firm is a consistent winner of Sharp Document�s Hyakuman Kai award for sales excellence, and was named a 2007, 2008 and 2009 Elite Dealer by the national journal Office Dealer. DPOE maintains corporate headquarters at 1020 Bonaventure Drive, Elk Grove Village, IL 60007. The firm is active in a number of area civic organizations, including the Italian American Chamber of Commerce, and the Chicago and Des Plaines Chambers of Commerce. For additional information, please call 847-879-6400 or visit www.dpoe.com. |
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