Proforma Franchise Acquires Distributor
May 19, 2009
As part of its continuing expansion plan, Proforma Executive Business Services (asi/300094) has acquired Barry Roberts Inc., a New York-based distributor. Terms of the deal were not disclosed. Further acquisitions may be announced in the coming months. "In line with our business strategy, we're looking to be aggressive," says Charles Janosick, president of Proforma Executive Business Services. "Barry has a very nice client base with great potential for growth."Barry Roberts, a 30-year industry veteran, will continue selling to clients with Proforma Executive Business Services.
According to Janosick, the acquisition will allow his company to expand into new markets and target the $1 million sales mark in 2009. Proforma Executive Business Services slightly increased its revenue in 2008 after attaining 40% growth in 2007. Janosick says his company's 2009 numbers are ahead of last year's pace. Buoyed by its growth, the company will move into a new building by June.