As first reported in a Breaking News Alert on Friday, Top 40 distributor American Solutions for Business (asi/120075) has acquired Optimum Companies. Based in Columbus, OH, Optimum specializes in banks and financial institutions nationally in addition to other sectors. The company has distribution centers at its headquarters as well as Orlando, Houston and Denver. Financial terms for the deal were not revealed.
“American and Optimum Companies have a common passion to be customer-driven, solution-oriented and to provide the best customer service in the industry,” said Larry Zavadil, founder and CEO of ASB. “Clients of Optimum will now have the opportunity to choose from an expanded line of products and services. They’ll see a wider array of new technologies and additional cost-saving opportunities available because of American’s exceptional purchasing power. I see this as a win-win situation for everyone and I welcome the clients, sales associates and staff of Optimum Companies to the American family.”
Optimum Founder John Martin, who started the company in 1985 with his wife Dorothy, will become national director of the American Financial Solutions group. The group will comprise of sales associates from Optimum’s Columbus location and a 12-member staff to service the financial market, including Optimum’s current financial clientele. ASB Director of Business Development Bob Fiala and Regional Director of Business Development Dean Manzetti will manage the Columbus office. “We’re happy to be part of a company that shares our strong commitment to doing what is right while focusing on customer needs,” said Martin.
American Solutions For Business ranks as the 14th-largest distributor in the industry, after reporting 2014 North American ad specialty sales of $115.9 million, a 12% increase over the previous year.