Proforma (asi/300094) announced that two of its member companies completed acquisitions last week. Proforma Durkee (asi/491761), based in Huntsville, NC, acquired Print Focus, located in Hickory, NC. In addition, Proforma Signature Solutions (asi/490800) in Brooklyn Heights, OH, have acquired The Parts Connection located in Arlington, TX. Proforma estimates the two acquisitions to be worth $1 million each.
“Through this acquisition, we anticipate nearly doubling our sales over the next year and greatly expanding our customer base for continued growth for years to come,” said Mike Durkee, co-owner of Proforma Durkee.
“We are extremely excited to have such a strong end to 2015 by helping our owners add more than $2 million to their sales in a single month through successful acquisitions, with more acquisitions set to close this month as well,” said Greg Muzzillo, founder of Proforma. “At Proforma, our focus is helping our owners grow their businesses through proven growth strategies, such as mergers and acquisitions. We are dedicated to making the process easy for our member owners to buy out their competition and significantly expand their client list.”
Both Proforma companies used the Proforma Mergers & Acquisitions Team, which has helped Proforma owners close 38 deals since 2014.