Prosperity Plus announced that Digital Office Products has been acquired by Nauticon Office Solutions. Prosperity Plus acted as an advisor to Digital throughout the transaction.
Established in 1999 and owned by the Vaghi family, Digital Office Products distributes and services Toshiba, Lexmark and Brother office equipment from its McLean, Virginia, location.
Founded in 1997 by Tom Cunningham and Gary Sockel, Nauticon Office Solutions, specializes in providing world-class customer service, office equipment (Toshiba and Xerox), and fully managed IT support. For more than 25 years its mission has been to provide the “Service First” experience to its customers.
Carter Hertzberg, president of Nauticon, commented: “Our strategy is to partner with people and organizations that share our Service First ethos. Customer service must be the top priority and deeply ingrained in a company’s culture for Nauticon to have an interest in acquiring. It was clear from the start that the Vaghi family and the great people of Digital fit the bill. Nauticon plans to build on this foundation and bring an even higher level of customer support and services to the Digital customer base.”
Joseph Vaghi III, co-founder, and president of Digital remarked “The choice to join Nauticon just made sense for our company. We had maxed out our growth with our current structure and we wanted to provide more opportunities for our customers and our team members to succeed. Nauticon brings growth opportunities to our team and additional services and support for our customers. We could not be happier with this decision.”
Specific details of the transaction are confidential and have not been released.
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.