PARTS NOW ! ACQUIRES PIECES EXPRESS !

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PARTS NOW ! ACQUIRES PIECES EXPRESS !

 user 2006-07-25 at 11:07:00 am Views: 59
  • #16302

    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.