Where have all the acquisitions gone?
There were no April showers of acquisitions in the imaging world during the month of April. Without a doubt, the biggest was the acquisition of EFI by a private equity firm. However, on the dealer side of the aisle, it was a relatively quiet month—only five acquisitions that we know of. It was also another month without an acquisition by the imaging industry’s most active acquirer of the past two years—Visual Edge—who has been keeping a low profile since the end of November 2018.
Here are the acquisitions reported in April:
April 2 – Oval Partners announced a new partnership with Office Equipment of Texarkana and South Arkansas. Office Equipment of Texarkana and South Arkansas provides office technology services and document management to businesses across East Texas and South Arkansas. The companies are headquartered in Texarkana, Texas and El Dorado, Arkansas.
April 9 – RJ Young completed the acquisition of Business Electronics (BE), a privately owned office technology and solutions provider in Birmingham, Alabama.
April 15 – Electronics For Imaging, Inc. entered into a definitive agreement to be acquired by an affiliate of Siris Capital Group, LLC (“Siris”) in an all-cash transaction valued at approximately $1.7 billion. Siris is a leading private equity firm focused on investing and driving value creation in technology companies that provide mission-critical solutions and are facing technology transitions.
April 17 – Rouse Consulting Group, Inc. acquired the assets of DCS Computer Services, Inc., an IT-Managed Services Provider (MSP).
April 23 – KDI Office Technology, a $38M office technology company based in Aston, PA, announced the purchase of IMR Digital, a West Hazleton, Pennsylvania-based document conversion services business, from KeyMark.
April 26 – Marco announced the acquisition of Accent Business Solutions, a copier/printer company located in Little Chute, Wisconsin.
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