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 user 2008-01-07 at 12:58:00 pm Views: 68
  • #19047

    American TonerServ Acquires Tonertype, LLC
    TonerServ Corp.a strategic consolidator in the highly fragmented
    printer supplies and services industry, announced today effective
    December 28, 2007, ATS purchased all of the assets of Tonertype of
    Florida, LLC (“Tonertype”) relating to all of its product and service
    offerings for approximately $4.0 million. The consideration paid
    included $1.5 million in cash and approximately $2.5 million in
    promissory notes.

    Tonertype has been engaged in the business of
    print management, printing supplies and repair service since 1995.
    According to unaudited financial statements provided by Tonertype,
    Tonertype had approximately $5.6 million in revenue during 2007. In
    accordance with the terms of the acquisition, ATS is employing the
    current Tonertype management team and continuing to service Tonertype’s
    customers.”Acquiring companies in the compatible toner cartridge market
    has been one of our stated goals and the acquisition of Tonertype
    further supports our mission,” stated Dan Brinker, CEO of ATS. “The
    acquisition of Tonertype enables ATS to expand this segment of our
    business, due largely to opportunities for consolidation and achieving
    greater efficiencies in the market,” added Mr. Brinker. David Shaver,
    founder of Tonertype, stated, “We are excited about joining the ATS
    team and look forward to reaching new levels of productivity as they
    execute their industry consolidation strategy.” Buddy Shaver, co-owner
    of Tonertype, stated, “We will continue to provide the exceptional
    quality and superior service our clients have come to know.”

    About American TonerServ
    TonerServ Corp. (“ATS”) is a consolidator in the highly fragmented
    printer supplies and services industry. ATS acquires, integrates and
    manages independent businesses that deliver printer supplies, services
    and equipment to small/mid-sized businesses. Through its consolidation
    strategy, ATS plans to capture at least 3 – 5% market share ($250.0 MM
    annualized revenue) of the compatible toner cartridge industry,
    establishing itself as the brand of choice in the compatibles market as
    Hewlett-Packard is in the OEM market. Please visit