OfficeSource further expands its coast-to-coast distribution network in the mid-market office furniture segment with latest acquisition
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\nDENVER, 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.<\/p>\n
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\nOfficeSource 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.<\/p>\n
“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.”<\/p>\n
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.<\/p>\n
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.<\/p>\n
Growth and expansion have yielded some impressive results. With this latest acquisition, Elmers says OfficeSource has a current revenue run rate of $120 million.<\/p>\n
“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.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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