OfficeSource further expands its coast-to-coast distribution network in the mid-market office furniture segment with latest acquisition


DENVER, April 30 /PRNewswire/ — OfficeSource Inc., a leading wholesaler of office furniture, today announced it has acquired NDI Wholesale, the largest independent office furniture wholesaler in the Southeast. Headquartered in Nashville, Tenn., NDI Wholesale is a 27 year-old company that services more than 530 active customers located throughout a seven-state region, including Kentucky, Tennessee, Louisiana, Mississippi, Alabama, Georgia and Florida.

ADVERTISEMENT
OfficeSource was founded in May 2004 by office products executives Todd Elmers and Richard Millett. OfficeSource’s vision is to improve the performance and service of the wholesale furniture mid-market segment through improved operational efficiencies and a nationwide distribution system. The company is executing its business model through a carefully planned acquisition strategy coupled with organic sales growth.

“The addition of NDI Wholesale fits our business model and strategy perfectly,” explained Elmers, chairman and CEO. “It takes our coast-to-coast presence another step closer toward a full nationwide distribution network. Plus, the caliber of the people, service and relationships NDI Wholesale has built are right in line with our ‘nationwide distribution model with a localized presence’ philosophy. It has strong, long-term relationships that will provide enormous value to OfficeSource’s overall strength and leadership position.”

NDI Wholesale complements OfficeSource’s existing locations, products and services. NDI Wholesale dealers provide a complete array of office furniture as well as interior design services. The company has three distribution centers located in Nashville, Birmingham, Ala. and the Orlando, Fla. area.

Since its formation in May 2004, OfficeSource has been steadily executing its strategy of building out a nationwide distribution network and leadership position as the top wholesaler of office furniture for the mid-market segment. To date, it has acquired four companies: Kansas City-based Mid-Continent Office Distributors; Sacramento-based Equipment Distributors; Pennsylvania-based COE Distributing; and, now NDI Wholesale.

Growth and expansion have yielded some impressive results. With this latest acquisition, Elmers says OfficeSource has a current revenue run rate of $120 million.

“We’re building out an infrastructure that creates a lot of value for our customers,” Elmers said. “Lower cost, high value through a localized presence. It’s a key differentiator that will help us grow and maintain a long-term, loyal customer base for years to come.”