This week’s merger and acquisition roundup offers up a trio of deals, with UBEO Business Services announcing its second acquisition in as many weeks in obtaining fellow Austin, Texas-based firm Rainmaker Document Technologies.
Also in the mix this week is Harrisburg, Pennsylvania-based Higher Information Group, which acquired Office Equipment Source of Elmira, New York. In another deal, The Golden Ruler of Hannibal, Missouri, purchased The Business Centre of Quincy in Illinois.
UBEO Business Services (UBEO), a premier provider of business technology services including printers, copiers, and related office equipment sales and services is proud to announce that Rainmaker Document Technologies has joined the UBEO family of companies.
Rainmaker Document Technologies provides full-service litigation support solutions and helps their clients expedite the discovery process. Rainmaker’s core offerings help clients streamline operational workflow and reduce litigation costs. According to UBEO, Rainmaker’s solutions have wider market applications and will help UBEO further differentiate itself within the business technology industry.
Jim Sheffield, CEO of UBEO, said, “We couldn’t be happier that Thomas, Mark, and the Rainmaker team are joining UBEO. We are constantly seeking the best-performing companies in our industry to help make the UBEO experience better for our customers. Not only is Rainmaker a leading provider of digital document services, but their offerings will expand our core services in digital content management and will provide a tremendous new value to our customers nationwide.”
“UBEO and Rainmaker have been delivering best in class services to our clients since 2003. We are excited to join forces with the strongest business solution provider in the industry to build the most complete technology and services solution for our current and future clients,” said Thomas Rutledge and Mark Lischka, describing their decision to join UBEO.
Higher Information Group Obtains Office Equipment Source
Prosperity Plus Management Consulting Inc. 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 Vice President 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 Pennsylvania and east to Philadelphia and to the north-central border of Pennsylvania to central New York and beyond.
Specific details are confidential and have not been released.
The Golden Ruler Adds The Business Centre of Quincy
Mike Dudek and Rich Wisniewski of Zygoquest Group served as the advisor to The Business Centre of Quincy Inc., and its owner, Lyndle Wedding, on the sale of its capital stock to Rex Hicks and Lesley Hicks, the owners of The Golden Ruler Inc. The terms of the transaction are confidential.
The Business Centre of Quincy, located in Quincy, Illinois, was owned and operated by Wedding. A full-line authorized Savin dealer, the company also sold and serviced MBM paper shredders and finishing products. The Business Centre of Quincy provided office equipment and document solutions and services to customers located in Western Illinois, Northeast Missouri and Southeast Iowa.
Rex and Lesley Hicks own and operate The Golden Ruler Inc., a full-line authorized Lanier dealer headquartered in Hannibal, Missouri. The Golden Ruler provides office equipment and service throughout Missouri, Illinois and Iowa. The company also sells office furniture and supplies, technology solutions, and facility and breakroom supplies.
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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 multi-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.
About UBEO Business Services
Headquartered in Austin, Texas, UBEO is now the fastest growing business technology organization in the country. While the organization is rapidly growing, its commitment to excellence is paramount. UBEO Business Services with its best of breed offering remains committed to being the “high-end customer experience” in the industry. UBEO’s success is attributable to its commitment to acquire best-in-class companies and build a premier brand in the document technology industry.
About Rainmaker Document Technologies
Rainmaker Document Technologies provides full-service litigation support technology solutions to help their clients gain control of the discovery process. Their core team has worked together since the early 1990s and is based in Austin, Texas.
About Prosperity Plus
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 at (631) 382-7762, ext. 101 or email Jim Kahrs.
