Office Equipment Dealer M&A: The Lioce Group Acquires Digital Print Solutions, Inc.
The Lioce Group has acquired fellow Alabama office equipment dealer Digital Print Solutions Inc. (DPSI). Financial terms were not disclosed.
Mike Dudek and Rich Wisniewski of Zygoquest Group advised the Lioce Group on the sale.
- This is M&A deal 417 that ChannelE2E has covered so far in 2020.See the full M&A deal list here.
- Also, see a complete M&A deal list involving Office Equipment Dealers here.
The Lioce Group Acquires Digital Print Solutions: Company Backgrounds
Founded in 1967 and headquartered in Huntsville, Alabama, The Lioce Group provides sales, service and support for office equipment and automation software. The company is an authorized Canon, Toshiba, Konica Minolta, HP and Lexmark dealer. The company has additional offices in Birmingham, Alabama.
DPSI has operated from its Decatur, Alabama offices for 10 years. The company is a full-line authorized Sharp dealer, and also is authorized to sell and service printers from HP and Lexmark. The company’s owners, Eric Grisham and Trey Clark, will assist in transitioning DPSI’s employees into The Lioce Group, the company said.
The Lioce Group says it plans to integrate DPSI’s employees into its Huntsville location.
According to a statement on DPSI’s website:
“Both DPSI and TLG have a long record of bringing advanced solutions to our customers and backing them with local caring support after the sale. DPSI’s resources and capabilities will further improve the products and services provided to our North Alabama customers. TLG is thankful to DPSI’s management for their friendship and partnering during this transition.”
Office Equipment Mergers and Acquisitions: Deal Flow
M&A activity in the office equipment market slowed down during the early stages of the coronavirus (COVID-19) pandemic. Zygoquest’s Mike Dudek explained the M&A slowdown to ChannelE2E in April 2020. Fast forward to Q4 of 2020, and deal flow appears to be picking up a bit as office equipment dealers seek to nail down their business strategies for 2021.
ChannelE2E has compiled a full list of transactions between office equipment company and channel partners, which you can find here.