DEX Imaging, Inc. has announced the acquisition of Dean’s Office Machines, Inc., a Toshiba, Canon, Copystar, and Lexmark imaging dealer with annual revenues exceeding $8.5 million and offices in Greensboro, NC, and Charleston, Greenville, and Columbia, SC.
DEX Imaging’s CEO, Dan Doyle Jr., said, “Merging with Dean’s Office Machines supports our ongoing strategy to strengthen and expand DEX’s services in the Carolinas, creating an autonomous DEX headquarters in that region will provide an abundance of product choices, enhanced service manpower and local expertise that our competitors simply do not offer.”
Established in 1977, Dean’s Office Machines’ founders, Steve and Robin Cobb, said, “We are excited to join forces with a company that shares our same value proposition for quality. DEX has a proven track record of innovation and service excellence that will allow us to deliver even greater value to our customers, more product selection, exclusive DEX-patented technology, and enhanced service responsiveness. Together, we are ensuring that customers continue to receive the best service well into the future while also ensuring that our employees are given the best tools and technology moving forward.”
The rich are getting richer–at least that seems to be the case with the upper tier of office imaging dealers such as DEX Imaging who continue to grow through acquisition. Not only that, the dealership’s footprint is expanding regionally beyond Florida and further into the Carolinas with this latest acquisition. This is no lightweight acquisition either. Dean’s Office Machines, with more than $8 million in annual revenues, besides selling the aforementioned Toshiba, Copystar, Lexmark, and Canon products, also according to its Website sells products from HP and OKI, as well as Canon production. The question now becomes, how much more will DEX’s regional footprint grow? Based on my past conversations about acquisitions with Dan Doyle Jr., and Frank and CJ’s visit with the Doyles earlier this year, acquisitions and regional growth remain a big part of DEX’s business model.
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