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Supplies Wholesaler Sold To Blackford Capital.
Supplies Wholesaler & Supplies Outlet, Sold To Martin Stein’s Blackford Capital.
By Jim@tonernews.com
Bob Wilmes is pleased to announce the sale of O.T.S. (Online Tech Stores Corp.) to Martin Stein’s Blackford Capital. Blackford (BlackfordCapital.com) currently owns 11 portfolio companies and over there 17 year history have owned a number of successful company’s in the aftermarket imaging supplies space.
Bob has stated: “ I’ve signed on with Blackford to continue as CEO, together our strategic vision for OTS is to triple the company in the next few years. In this mature market, the growth will be driven primarily from strategic add-on acquisitions. Over the past 9 years O.T.S. has built a great foundation with strong capitalization, and an industry leading distribution platform coupled with an experienced management team. When combined with Blackford’s previous industry success, extensive acquisition experience and growth capital, we believe we have the right combination to successfully execute our consolidation strategy, financial terms of the deal undisclosed.About Martin Stein Founder And Managing Director of Blackford Capital.
Martin W. Stein is the Founder and Managing Director of Blackford Capital. With more than 18 years of private equity experience, Mr. Stein leads the firm’s acquisition sourcing activities and serves on the boards of seven of the firm’s portfolio companies. Additionally, he is chairman of the board of Burgaflex, Davalor Mold, and Grand Equipment and on the board of directors for Custom Profile, Dickinson, Mopec, Ellison Bakery. He has been involved in 40+ acquisitions, investments, recapitalizations, and exits, with approximately $650 million in transaction value.Prior to founding Blackford Capital, Mr. Stein worked as a consultant with Mercer Management Consulting where he developed growth strategies for Fortune 500 clients such as Sears, Dow, Searle Pharmaceuticals, Pfizer, and PacifiCare Health Systems. While at Mercer, he also played a leading role in helping develop the firm’s intellectual property and knowledge management systems, including serving as the team leader for The Profit Zone, a 1998 best-selling business book written by David Morrison and Adrian Slywotzky.
Mr. Stein has published three Harvard Business School case studies as well as ten articles on mergers & acquisitions, private equity, operations, and strategy. He is a frequent speaker at numerous industry and trade show conferences. He has received numerous industry awards including Dealmaker of the Year from MiBiz(2013), was named to the 40 Under 40 list by both the Grand Rapids Business Journal (2012) and The M&A Advisor (2012), and was name one of five Most Influential Leaders by Recharger Magazine (2003 and 2004). In 2016, The M&A Advisor named Martin Stein the Private Equity Professional of the Year.
Mr. Stein received his bachelor’s degree with honors from the University of Chicago and was selected by USA Today as one of the “Best and Brightest Leaders in America.” He is a graduate ofthe Coro Fellows program in St. Louis and received his MBA from Harvard Business School with a focus in operations. Mr. Stein has completed 20 marathons and two ultra-marathons.
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