
ASB Acquires Division Of Advance Business Graphics Vol. 848
September 6, 2011
Counselor
Top 40 firm American
Solutions For Business (ASB) (asi/120075) has acquired the distributor
division of California-based Advance
Business Graphics (ABG) (asi/108996), the companies have announced.
Financial terms of the agreement, which was completed on August 26, were not
disclosed. "In this deal, we grow our sales and we gain seasoned,
experienced associates," says Justin Zavadil,
vice president of sales and vendor relations at ASB. "We buy from ABG as a
vendor, so it's a good fit and partnership."
Through the
acquisition, ASB adds a total of 10 ABG
salespeople – operating in offices in California, Texas and Illinois
– and five customer service reps. In 2010, the group
of salespeople generated $8.4 million for the ABG
distributor unit, which is a division of a large print and document management
firm. “They’ve focused a lot on the health care market, credit unions and the
transportation industry,” says Zavadil. “They’ve sold
some promotional products, but we can provide them with many more options.”
With its headquarters
located in Mira Loma, CA, ABG employs approximately 200 people and produces annual
revenues of $26 million, according to ASI
CreditConnect. Ranked by Counselor as the 12th
largest distributor in the ad specialty industry, ASB reported 2010 North
American ad specialty sales of $96.7 million. Zavadil
says his company has a goal to increase sales – through organic growth and
acquisitions – by more than 10% in the next year. |