Smart Source, Suwanee, Ga., has announced its acquisition of the majority of assets of Superior Business Solutions in Kalamazoo, Mich. Superior Business Solutions was founded in 1924 by Robert English, and today offers premier document management services, along with printed materials and promotional products, to its clients. The combination of Smart Source’s industry-leading technology and corporate footprint, and the highly regarded reputation of Superior Business Solutions will provide synergistic benefit to both companies.
Smart Source is a leading brand management business process outsourcer (BPO) and technology provider that sources printed materials and promotional products for both domestic and international customers. The company has a reputation for successfully integrating and growing existing customer relationships by leveraging its Brand Sourcing Technology to optimize customer pricing. As a result of this effort, and the success of its many customers, Smart Source has seen substantial growth and expansion in recent years. The acquisition of Superior Business Solutions will allow Smart Source to further increase market share in the Midwest. The acquisition also allows Superior Business Solutions to access the tools necessary to be a market leader and grow its business in an industry that continues to undergo change.
Superior Business Solutions is a third-generation, privately owned company with locations throughout the Midwest. “I am looking forward to helping make Smart Source an even stronger and more resourceful company,” said Bill English, president of Superior Business Solutions. “We will be looking for other strategic additions to Smart Source in terms of geography, capabilities and cultural fit.”
“I am excited to see the next chapter of Superior Business Solutions,” added Tim English, vice president of Superior Business Solutions. “Being a five-time winner of Best in Print and Digital proves our team is already very good at taking care of our customers. With the additional resources Smart Source brings to our team and customers, I know we can take this to a whole new level throughout the Midwest.”
“This deal is very meaningful for us as well as our industry,” said Tom D’Agostino Jr., CEO of Smart Source. “While Tim English and his sales team will focus on organically growing their accounts, Bill English will be heading Smart Source’s M&A effort, offering other distributors a path forward to greater enhance the value of their business.”
“It is a pleasure to welcome Superior Business Solutions team to the Smart Source family,” Scott Rich of Smart Source said of the acquisition. “Their reputation in the industry is outstanding and complements the Smart Source culture.”
And Sara Horn, chief operating officer of Smart Source, is “looking forward to enhancing our combined resources, technology and operational efficiencies, which will benefit our clients and continue to position Smart Source as an industry leader.”
Jim Anderson, founder and president of Scottsdale, Arizona-based Corporate Development Associates, served as financial adviser to Smart Source on the transaction. He can be reached by phone at (480) 951-2441, or via email at firstname.lastname@example.org.
The preceding press release was provided by a company unaffiliated with Print+Promo. The views expressed within do not directly reflect the thoughts or opinions of Print+Promo.