OfficeSource further expands its coast-to-coast distribution network in the mid-market office furniture segment with latest acquisition
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\n\t\t
\n DENVER, April 30 \/PRNewswire\/ — OfficeSource Inc., a leading
\nwholesaler of office furniture, today announced it has acquired NDI
\nWholesale, the largest independent office furniture wholesaler in the
\nSoutheast. Headquartered in Nashville, Tenn., NDI Wholesale is a 27
\nyear-old company that services more than 530 active customers located
\nthroughout a seven-state region, including Kentucky, Tennessee, Louisiana,
\nMississippi, Alabama, Georgia and Florida.
\n OfficeSource was founded in May 2004 by office products executives Todd
\nElmers and Richard Millett. OfficeSource’s vision is to improve the
\nperformance and service of the wholesale furniture mid-market segment
\nthrough improved operational efficiencies and a nationwide distribution
\nsystem. The company is executing its business model through a carefully
\nplanned acquisition strategy coupled with organic sales growth.
\n “The addition of NDI Wholesale fits our business model and strategy
\nperfectly,” explained Elmers, chairman and CEO. “It takes our
\ncoast-to-coast presence another step closer toward a full nationwide
\ndistribution network. Plus, the caliber of the people, service and
\nrelationships NDI Wholesale has built are right in line with our
\n‘nationwide distribution model with a localized presence’ philosophy. It
\nhas strong, long-term relationships that will provide enormous value to
\nOfficeSource’s overall strength and leadership position.”
\n NDI Wholesale complements OfficeSource’s existing locations, products
\nand services. NDI Wholesale dealers provide a complete array of office
\nfurniture as well as interior design services. The company has three
\ndistribution centers located in Nashville, Birmingham, Ala. and the
\nOrlando, Fla. area.
\n Since its formation in May 2004, OfficeSource has been steadily
\nexecuting its strategy of building out a nationwide distribution network
\nand leadership position as the top wholesaler of office furniture for the
\nmid-market segment. To date, it has acquired four companies: Kansas
\nCity-based Mid-Continent Office Distributors; Sacramento-based Equipment
\nDistributors; Pennsylvania-based COE Distributing; and, now NDI Wholesale.
\n Growth and expansion have yielded some impressive results. With this
\nlatest acquisition, Elmers says OfficeSource has a current revenue run rate
\nof $120 million.
\n “We’re building out an infrastructure that creates a lot of value for
\nour customers,” Elmers said. “Lower cost, high value through a localized
\npresence. It’s a key differentiator that will help us grow and maintain a
\nlong-term, loyal customer base for years to come.”
\n ABOUT OFFICESOURCE
\n Based in Denver, OfficeSource was founded in May 2004 to address the
\nneed for a national wholesale distributor of mid-market office furniture.
\nIt is the largest distributor in the United States dedicated exclusively to
\nmid-market office furniture. The company has revenues of $120 million and
\nis committed to preserving the local-level service and relationships
\ndeveloped by the companies it acquires. OfficeSource has 280 employees and
\n15 distribution centers coast-to-coast. The company’s Web site is
\nhttp:\/\/www.officesource.net
\n Contact: Terri Douglas
\n Catapult PR-IR
\n tdouglas@catapultpr-ir.com
\n (303) 581-7760, ext. 18<\/p>\n
SOURCE OfficeSource Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"
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