A slight gust of acquisition wind swept through the industry this week, as a trio of companies broke the COVID-19-induced silence. A.D. Solutions acquired Velox Systems and Doing Better Business obtained Pro Business Systems, while Connections for Business netted the assets of Farnes Computer Systems.
This trio of deals was announced less than a week after Advanced Office of Irvine, California, revealed it had acquired Los Angeles-based Pacific ConnecTeq.
Orlando, Florida-based A.D. Solutions, a leading Sharp Certified Platinum Dealership in copiers, printers, office technology, and IT and managed services, announced that it recently acquired Velox Systems, an office equipment dealership based in Brevard County. This acquisition strengthens the A.D. Solutions foothold in the Space Coast and significantly expands its Florida reach in Martin, Okeechobee, Highlands, Glades, Indian River, Saint Lucie, and Volusia Counties, Florida.
Velox Systems is an authorized Sharp office equipment dealership offering the latest in document technology. Velox’s offerings included the lease, rental and sales of copier systems as well as toner and supplies for HP, Lexmark, Brother, and Dell. Originally founded in Daytona Beach in 1981, its focus on superior customer service and its comprehensive service program, including their “Preferred Business Class” suite of services, undoubtedly led to its success, impressive growth and impeccable reputation in Daytona, Melbourne, Port St. Lucie, and Vero Beach.
The acquisition of Velox Systems not only enables A.D. Solutions to further advance its aggressive growth strategy, which already includes Central Florida, the east coast and its recent expansion into the Jacksonville market, but strengthens the extent and range of its services and presence in the greater Florida market.
A.D. Solutions
“We are pleased to announce that Velox Systems is now part of A.D. Solutions as we continue to aggressively expand our market share throughout Florida,” said Moody Hamdan, CEO of A.D. Solutions. “We are excited about our latest expansion, bringing Velox strengthens our collective presence in the west where they are strongly rooted in their community. We’re enthusiastic for the opportunity to build upon their years of success and commitment to excellence.”
While other businesses struggle to remain afloat, as an essential business supporting other essential businesses, A.D. Solutions remains firm in its growth plan. President Lynda Lizarazo adds, “Even with COVID-19 affecting the economy and changing work life as we know it, we have remained strong in our vision to become the leader in the copier Florida market. The dedication of our staff, the loyalty of our customers, and the support of Sharp have helped to fuel this growth even in the most difficult of times. With our purchase of Velox Systems, we look forward to new opportunities and new challenges. I am most excited about growing our staff with team members who share our core values, see our vision, and will propel the A.D. Solutions mission.”
In addition to its Orlando Headquarters and showroom, Jacksonville Office, and their Deland Satellite Office, the Melbourne, Florida is fourth market served by A.D. Solutions, a Sharp Certified Platinum Level Service Provider.
Doing Better Business, a leading regional provider of office technology, document management, imaging and managed print and IT services based in Altoona, Pennsylvania announced that it has completed the strategic acquisition of Pro Business Systems, based in Boardman, Ohio.
The company will operate as Doing Better Business formerly PBS, and current President, Anthony Perrett and Vice President, William Hancher, will continue to lead the operations at this location.
Doing Better Business
According to Debra Dellaposta, CEO of Doing Better Business, Inc. (DBB), “This is a great match because both our organizations share the same core values and PBS has also been providing the same Ricoh Family Group products and services since 1988. The addition of our Production Print and Managed Print Service Specialists to PBS’s valuable team, provides us a great opportunity to expand our DBB family into Northeastern Ohio.”
Both management teams agree that the acquisition will take both organizations to the next level of success.
“Doing Better Business brings real depth of capability for our clients with the infrastructure to provide best in class capabilities and services to our now combined base of well over 10,000 clients,” said Anthony Perrett, president of PBS. “It’s very positive news for PBS employees and our clients.
“Over the past 30 years, PBS has grown to become a respected office equipment dealer in Ohio’s Mahoning Valley, with an excellent reputation for customer service excellence and innovative stress-free IT solutions. Similarly, the Dellaposta family has been a leader in this industry for almost 50 years. We’re very excited about our future.”
Also, Mike Dudek and Rich Wisniewski of Zygoquest Group served as the advisor to Successful Money Strategies, Inc. dba Farnes Computer Systems, an IT managed services provider (MSP) and its owner Jim Farnes, on the sale of assets to Computers for Business, Inc., dba Connections for Business. The terms of the transaction are confidential.
Recapping last week’s deal, Advanced Office, a leading office solutions provider servicing Los Angeles, Orange County, San Diego and the Inland Empire, announced its acquisition of Pacific ConnecTeq, headquartered in Los Angeles.
The purchase will extend Advanced Office’s already strong presence in the Southern California area and enable the company to continue offering the very best customer service experience to an extended customer base.
Advanced Office has provided its customers with superior services in the area of office equipment and solutions for over 40 years. With technician response times of 2.49 hours, well below industry averages, and device uptime over 98%, Advanced Office has established itself as a true leader in providing a quality customer experience.
With complete coverage over the entire southland, Advanced Office continues to accumulate industry accolades in its mission to be the regional standard-bearer in their field. Advanced Office President and CEO Richard Van Dyke stated that the “shared values about creating the very best customer experience with the highest level of integrity” makes Pacific ConnecTeq an ideal acquisition to continue Advance’s effort in offering the best solutions to improve workflow efficiencies and control costs during and after the COVID-19 challenges.
Pacific ConnecTeq was founded by President Liennette Chung seven years ago and built upon her knowledge of best practices accumulated during her many years as an industry CFO and trusted council for some of the nation’s largest technology dealerships. She envisioned a company that was created and managed the right way focusing on the highest of moral standards and “team” mentality that would provide their clients with the greatest level of experience at every touchpoint. After seven years of achieving that, becoming a nationally recognized and award-winning organization, she’s confident that she has found a partner company that mirrors these same qualities.
“Pacific ConnecTeq is an organized stewpot of the best know-how, and Advanced has all of those same common core values that would make it a beautiful fit,” Chung said.
Chung will continue her long-time consulting practice, serving her clients under Chung and Associates while offering her immense knowledge of the industry as a private counsel and injecting her insight into successful practices for some of the industry’s most successful dealers. She expressed her immense relief that “Pacific ConnecTeq is in really great hands.”
The union of these two superior dealerships, both Ricoh Circle of Excellence award winners, will allow Advanced Office to continue to drive its mission of making great things happen for its customers. Pacific ConnecTeq’s customers will be able to take advantage of additional technical support and a broad range of solutions available under Advanced.
Advanced Office will continue to abide by its mission statement of relentlessly caring “about getting it right so that you can do what inspires you” as they welcome Pacific ConnecTeq to the family.
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About A. D. Solutions
Founded in 2007 by Lynda Lizarazo and Moody Hamdan, A.D. Solutions was formed in order to provide new document workflow solutions to existing and new companies, adding cost savings and better service programs to improve productivity and increase revenues throughout the United States.
It has been a leader in the Central Florida market offering Business Solutions and Equipment for businesses of all sizes, Governments and Municipalities, and Nonprofits. With its powerful array of Sharp reprographics equipment and custom solutions, A.D. Solutions has been recognized for both its sales and services receiving highly regarded industry recognitions such as Hyakuman Kai awards, Dealer excellence awards, and its most prestigious recognition as a Sharp Platinum Service Level Provider since 2016.
About Doing Better Business
Doing Better Business is a family and women-owned business with seven locations and over 100 employees across Maryland, Pennsylvania, Ohio, Virginia and West Virginia.
About Farnes Computer Systems
Farnes Computer Systems, located in Coconut Creek, Florida, an IT MSP founded in 1991 and owned by Jim and Ilona Farnes, and operated by Jim Farnes. Farnes Computer Systems provided customers throughout the greater Miami/Fort Lauderdale/Pompano Beach metropolitan area markets with a menu of IT services and products including: IT Managed Services; IT Consulting & Technology Assessments; Network Security and BDR Services; Cloud & Hosted Solutions; Wireless Networks; and, IT Infrastructure Projects.
About Connections for Business
Connections for Business, established in 1977, is owned and operating by David Bennett, President. Located in Hollywood, FL, Connections for Business serve clients throughout Broward, Dade and Palm Beach Counties with IT managed services solutions, including help desk support, cloud and computer security, NOC monitoring, field services, and much more.
About Zygoquest Group and Mike Dudek
Mike Dudek, an attorney and CPA, is the owner of Zygoquest Group “seeking to unite” which provides customized merger & acquisition services to buyers & sellers of companies. Zygoquest is the #1 M&A authority in the office products industry. Mike Dudek & Rich Wisniewski are authors of over 500 consummated M&A transactions including many technology services acquisitions during their careers. Prior to founding Zygoquest, Mike Dudek was vice president of acquisitions for IKON Office Solutions, a $5.5 billion NYSE company acquired by Ricoh Corporation. Mike Dudek has evaluated transactions ranging from the smallest transactions to the largest deals in the office products industry – from million-dollar deals to billion-dollar deals. The Zygoquest website contains deals you will recognize.
About Law Office of Mike Dudek
Mike Dudek also owns the Law Office of Mike Dudek, which provides owners and executives with customized and affordable legal services on mergers and acquisitions and other complex business transactions.
