A pair of transactions announced this week sees Systel Business Equipment of Fayetteville, North Carolina, obtaining fellow Tar Heel State dealer Complete Business Services of Kill Devil Hills. In the second deal, Advanced Imaging Solutions of Las Vegas acquired telphone, video and data specialist Comworx Inc., another Sin City concern.

According to Systel, the Complete Business Services office is located in the Outer Banks and all employees will stay on with the dealership.

“Complete Business Services has had a track record of success in the Outer Banks area, and we are excited to continue the excellent customer service and support along with enhanced products and services to the existing customer base as well as to new customers,” said Janene Aul, vice president operations/general counsel.

Keith Allison, president and CEO, Systel Business Equipment

“We look forward to expanding Systel’s footprint in the state of North Carolina as well as the State of Virginia with the acquisition of Complete Business Services,” said Keith Allison, president and CEO. “As we look towards the future growth and development of the company, we want to ensure we are making smart and strategic decisions based on solid research. We are convinced that this purchase and our extension of the marketplace in the Outer Banks area as well as our expansion into Virginia for the first time will successfully propel our organization towards future acquisitions and growth going forward.”

The Outer Banks office will work under a cobranded logo and website. The complete branding turnover will take place in approximately three to six months.

AIS Continues Business Communications Expansion

Prosperity Plus acted as an adviser to President Gary Harouff and his team at Advanced Imaging Solutions throughout the Comworx transaction.

“The acquisition of Comworx furthers our expansion and diversification into business communication technologies,” Harouff said. “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.”

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About Systel Business Equipment
Systel Business Equipment is a North Carolina-based company with annual revenue of more than $60 million dollars and approximately 250 employees. Systel is the Southeast’s Largest Independent Dealer of HP, Konica Minolta, Lexmark, Panasonic and Ricoh Products & Solutions. With 10 locations servicing more than 15,000 businesses and organizations in the Carolinas and Georgia, Systel was named as one of North Carolina’s Top 100 Private Companies by Grant Thornton in 2018 for the eighth year in a row.

About Advanced Imaging Solutions
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.

About Comworx
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.

About Prosperity Plus
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.