New York-based distributor Smart Source (asi/328914) announced it has acquired Data Supplies Inc. (asi/175769). Terms of the transaction were not revealed. Data Supplies has corporate headquarters in Duluth, GA, with multiple offices in the Southeast region of the U.S. and a focus on that market. According to Smart Source, the acquisition will double its annual revenue.
“It is a pleasure to welcome Data Supplies Inc. and to see the excitement and opportunity that this deal represents for both parties,” said Tom D’Agostino Jr., CEO of Smart Source. “The acquisition will allow Smart Source to further increase market share in the Southeast while arming the Data Supplies’ sales team with the tools they need to continue to grow their client base in the ever-changing world of marketing.”
Data Supplies’ previous family ownership will remain in a consulting capacity for the next several years. The company will retain its name for the short term but will eventually be rebranded as Smart Source. The company will keep its multiple offices in Georgia and Alabama, and all employees will be retained. D'Agostino Jr. will continue as CEO of Smart Souce LLC, overseeing both the Smart Source and Data Supplies teams as they become a fully integrated company.
Smart Source says that Data Supplies will now be able to serve clients nationwide, and that the two companies will combine best practices, services and technologies. “Data Supplies Inc. is known for our commitment to service and value. By joining the Smart Source family, Data Supplies will now be able to offer an even greater level of service and value to our existing client relationships and enhance offerings to prospective clients,” says Scott Rich, vice president of sales for Data Supplies.