Top 40 distributor Proforma (asi/300094) announced more than $6 million in acquisitions were closed in June for its member companies. Six Proforma owners completed deals contributing to the highest producing acquisition month for Proforma over the past 18 months.
Specific terms of individual acquisitions have not been disclosed. Several of the acquisitions include:
- Edward Martin, owner of Proforma Media & Print Solutions in New Braunfels, TX, acquired TX-based Colorcraft Press and NM-based Cognito.
- Tracy and Marlo Webb, owners of Metro Printed Products powered by Proforma in Greenwood, IN, acquired Promote For Less (asi/79922).
- Julie Haar, owner of Proforma Strategic Promotions in Columbus, OH, acquired Capitol Promotions, based in Lenexa, KS.
“I turned to my advisors at Proforma for guidance on how to take my business to the next level of success,” Haar said in a press release. “I began working with Proforma’s M&A team and they walked me through the process of acquiring a promotional products distributor worth approximately half a million dollars. This has been one of the most exciting strategies I have used to grow my sales and it has put me into a position to enter Proforma’s Million Dollar Club for the first time.”
The businesses acquired by Proforma owners include promotional products distributors, advertising agencies and traditional print shops. Building off of a $2 million acquisition month in November 2015, Proforma has closed more than $13 million in merger and acquisition deals within the past year. Proforma says it has more than $150 million in acquisition opportunities remaining to pursue on its owners’ behalf.
“Acquisitions prove time and again to be one of the most effective ways our owners are able to propel their sales and achieve their business goals,” said founder Greg Muzzillo. “That is why we have proven prospecting tools and experienced M&A specialists available to help owners through the process. Our experienced M&A specialists are skilled in bringing these profitable deals to fruition and have played an integral part in closing an unprecedented $6 million in one month.”