*NEWS*PARTS NOW ! ACQUIRES PIECES EXPRESS

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*NEWS*PARTS NOW ! ACQUIRES PIECES EXPRESS

 user 2006-07-25 at 11:05:00 am Views: 97
  • #16205

    Parts Now! Acquires Pieces Express in Canada
    MADISON, WIS. & LACOLLE, QUEBEC, July 06 WI-based PartsNow! announced today it has acquired the Canadian firm Pieces Express, Inc.Based in Lacolle, Quebec, Pieces Express is a leading Canadian distributor of laser printer parts. The acquisition enables Parts Now!, which is already thelargest supplier of laser printer parts in North America, to expand its product offering in the Canadian marketplace.    “We see this as an intelligent combination of two well-regardedcompanies,” stated Kevin Guy, Vice President of Sales and Marketing at PartsNow!. “We expect the combined sales of Pieces Express and Parts Now! willallow us to become the industry’s largest supplier in Canada inside the next 18 months,” he predicted. “The acquisition of Pieces Express leverages the strengths of both companies,” said Clifford Peterson, Principal at Banc of America Capital Investors. “It strategically positions us to accelerate our growth and enhance our capabilities in the North American marketplace.” Parts Now! is primarilyowned by Banc of America Capital Investors and Svoboda, Collins L.L.C.”We are excited to join Parts Now!,” said Gilles Robichaud, President ofPieces Express. “Our customers will benefit from their impressive track record of 16 years of consecutive growth.”The two companies share little customer overlap, giving each the abilityto capture additional business opportunities. In addition, Parts Now! gainsstrategic distribution facilities in Quebec, Vancouver and the MaritimeProvinces.Pieces Express will continue to operate under the trade name Pieces Express, Parts Now! ULC. In 2005, Pieces Express reported sales of $3.3million in Canada.

    About Parts Now!
    arts Now! LLC keeps business printing. With annual sales exceeding $91million in 2005, it is the largest distributor of new and repaired laserprinter parts in North America. Parts Now! is proud to be an authorizeddistributor for Hewlett-Packard, Lexmark and Canon, Inc. Visitwww.partsnow.com for more information.