Proforma Graphic Services Acquires Premier Graphic Solutions
Financial Terms Were Not Disclosed
Columbus, OH-based distributor Proforma Graphic Services (asi/300094) announced yesterday that it has acquired fellow Columbus company Premier Graphic Solutions (asi/298484). Financial terms of the deal were not disclosed, but all of Premier’s employees will remain on staff following the transaction. The sale, though, does give one of the owners of Premier the opportunity to retire.
“This acquisition is a big step in our continued growth and we are excited to work with Premier Graphic Solutions to build on the years of dedicated service they have provided their clients,” said Jeff Skinner, co-owner of Proforma Graphic Services. “The guidance we have received from Proforma’s Mergers & Acquisitions Team throughout the acquisition process has made it practically effortless for us to significantly increase our customer base, sales team and profits. Now we are going into 2015 poised to experience multi-million dollar growth.”
Founded in 1990, Premier will now be able to offer additional services such as e-commerce technology, direct mail and marketing programs to its clients. “It had become clear to us that to remain competitive in this market, we needed to partner with a forward-thinking company with the resources to be a full solutions provider,” said Don Forrest, co-owner of Premier Graphic Solutions. “We are excited to leverage the Proforma brand and present all our new capabilities to our clients.”
This is the fourth acquisition that Proforma’s mergers & Acquisitions Team has completed for Proforma Graphic Services. Founded in 1996, Proforma Graphic Services has been included on the Inc. 5000 list of the fastest-growing companies in America for the past three years, and its owners have been members of Proforma’s Multi-Million Dollar Club since 2002.
Proforma ranks as the second-largest distributor in the industry, with 2013 North American ad specialty sales of $348 million, an 8% increase over 2012.