Prosperity Plus has a variety of new things going on month to month including free educational webinars, consulting program updates and more. The following releases are among our most current announcements. Be sure to check back periodically for new info.

Media Contact
Tim Votapka
631-382-7762

Image Source of California Acquired by Visual Edge​
Prosperity Plus Management Consulting, Inc. today announced that it advised Brad Craft of Image Source on the sale of the business to Visual Edge Technology.

Image Source is one of the largest Xerox dealer/agents in the United States with 14 locations throughout California. Image Source will continue operations under the leadership of Brad Craft and his management team and joins the family of Visual Edge Technology Companies.

Image Source, headquartered in San Bernardino and founded in 1988, has been serving the needs of California businesses and institutions with a full line of Xerox products, as well as Canon, KIP and others. Image Source received an award as the fastest growing dealership at the most recent ITEX show and was runner up for the Dealer of the Year award. Brad Craft, Image Source President, stated, "In a rapidly consolidating industry, it is extremely important for us to operate from a stronger competitive position, while remaining an independent business within the Visual Edge Technology Office Solutions family. We will continue to grow together."

Visual Edge Technology, a family of Imaging Solutions Companies, incorporates a strategy of operating through established dealerships across the U.S. focused on providing a broad line of office solutions including the sale and service of automated multi-function products, wide format solutions, manage print services, document management software, network management services, and IT solutions. 

Visual Edge Chairman and CEO, Austin Vanchieri related, "Image Source is made up of high-quality, dedicated professionals. This key acquisition of Image Source will strengthen our market position across the United States. Image Source enables Visual Edge continue to provide high-quality document services and IT solutions to the small, mid-size, and major account business community." 

The details of the transaction are confidential.  

For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com


News
Duplicator Sales & Service Acquires Corporate Mailing Systems
Prosperity Plus Management Consulting, Inc. today announced that it advised John Turner of Corporate Mailing Systems, Inc. in the sale of the business to Duplicator Sales & Services.

Corporate Mailing is a Francotyp Postalia mailing systems dealership located in Louisville, KY. Corporate Mailing has been serving the mailing and shipping needs of Louisville businesses, government agencies and non-profits since 1990. Duplicator Sales & Service (DS&S), founded in 1959, is an office technology, equipment, and print communication business, servicing companies and organizations in the Kentuckiana marketplace involved in the processing, creation, distribution, storage, and retrieval of information. The acquisition brings DS&S into the mailing and shipping business.

John Turner, Corporate Mailing's president, was quoted as saying; "I am excited to have Corporate Mailing join the DS&S team. Bringing the companies together will provide our customers with an expanded offering of products and services." The team from Corporate Mailing will remain with DS&S as the companies merge.

Details of the transaction are confidential.  

For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com

Business Machines, Inc. Acquires Neopost Operations in Southern Colorado
Prosperity Plus Management Consulting, Inc. today announced that it advised David Friedman of Business Machines, Inc. in the acquisition of Neopost's operations in Southern Colorado.

Business Machines, Inc, (BMI) headquartered in Colorado Springs and founded in 1972, has been serving the needs of Southern Colorado businesses with a full line of mailing and shipping solutions. BMI was recently recognized as one of the top Neopost dealers in the country. The acquisition adds to BMI's dominance in Southern Colorado. David Friedman, BMI's President said "The acquisition allows BMI to increase our footprint and will allow the customers to receive service from a company that is dedicated solely to the Southern Colorado market. It is a real win-win." BMI and Neopost are working closely together to ensure a smooth transition for the customer base.

The details of the transaction are confidential.  

For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or jkahrs@prosperityplus.com
Prosperity Plus Management Consulting, Inc. announced that it advised Tony and Mark Steadman of Stan's - LPS Midwest in the acquisition/merger with Stateline Copy Products.

Founded in 1960 by Stanley J. Steadman, Stan's - LPS Midwest has grown to become a market leader in Northern Illinois and Southern Wisconsin by providing clients with custom business solutions that combine software, services, and hardware. Teamed with Stateline, authorized name brands now include Toshiba, DocuWare, Ricoh, HP, and Lexmark. Stan's - LPS Midwest has won Ricoh's highest awards for customer satisfaction and was recently recognized as Business Champion by the McHenry County Economic Development

Stateline Copy Products, located in South Beloit, IL, was owned by Dick and Bonnie Miller. Stateline serves the Janesville, Beloit and greater Rockford areas. Stateline was built on outstanding customer service. As stated by Dick, "at Stateline we understand that our customers rely on us as a valued business partner to provide real-world solutions to all their print management needs."

Tony Steadman, VP at Stan's, was quoted as saying, "The idea of merging these two companies seemed increasingly natural since the customer care focus is the center of both companies." Dick Miller will continue in sales, bringing along key service personnel from Stateline in order to continue serving the customer base with the same high level of service to which they have become accustomed.

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire.

Details of the transaction are confidential.  

Stan's - LPS Midwest Acquires Stateline Copy Products
Docutrend Acquires SCBS Technology Consultants
Prosperity Plus Management Consulting, Inc. today announced that it advised Pat Como, President of SCBS Technology Consultants, in a sale of the business to Docutrend.

SCBS Technology is a copy/print dealership based in New York, NY. They have served the NY area for more than 20 years. SCBS was built on providing their customers with top notch products and service.

Docutrend, founded in 2002, specializes in helping businesses control their printing and document costs through innovative software and hardware solutions. With locations in NYC, NJ and PA, it is one of the fastest growing businesses in the area and is an authorized dealer for Canon, Samsung and HP for their entire range of office equipment products. 

The SCBS team of field engineers has joined Docutrend and will continue to service the SCBS customer base. Docutrend's team of admin and sales professionals will work with SCBS' customers to ensure a smooth transition.

Aaron Rubin, President at Docutrend, was quoted as saying, "The idea of acquiring SCBS just seemed to make sense. We operate on similar philosophies and share an intense customer focus. We expect SCBS' customers to benefit from the expanded product and service offerings Docutrend provides and look forward to serving them for years to come."

Details of the transaction are confidential.  

Superior Business Equipment Acquired by Kelley Imaging
Prosperity Plus Management Consulting, Inc. today announced that it advised Patty Byrne, President of Superior Business Equipment, in the sale of the business to Kelley Imaging Systems, Inc..

Superior Business Equipment (SBE) was founded in 1979 by Ted Schultz and the Harris VF Ranch, (Philip and Arlene Harris, Keith and Gayle Harris). The business was acquired by long standing employee, Patty Byrne and her husband Rick in August 2010. Patty's vision has been dedicated to increased high levels of customer satisfaction and support services. SBE operates with one common goal and that is to satisfy the customer. No sale is ever finished. SBE wants to grow the relationships they established when customers purchased technology.

Kelley Imaging Systems (Kelley) is one of the largest privately owned office technology companies in the Pacific Northwest with 16 offices in Washington, Montana and Oregon. Uniquely positioned, Kelley is a single source provider for all of your office automation needs: Document Management Solutions, Copiers, MFP's, Wide Format Printers, Managed IT and Print Services and Mail and Distribution Solutions. Having become the partner-of-choice for hundreds of organizations throughout the Pacific Northwest, Kelley is able to deliver the best of both worlds - a single single-source vendor with the presence and responsiveness of a local company, backed by the strength and resources of the world's foremost technology leaders.  

Patty Byrne, President at SBE, was quoted as saying, "The idea of bringing these two companies together just seemed to make sense. We operate on similar philosophies and share an intense customer focus. We expect SBE's customers to benefit from the expanded product and service offerings Kelley provides."

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
Roland's Business Systems Acquired by Boston Document Solutions
Prosperity Plus Management Consulting, Inc. today announced that it advised Roland Lizotte, Jr., President of Roland's Business Systems (RBS), in the sale of the business to Boston Document Systems.

Roland's Business Systems has been serving the Worcester, Massachusetts area business community since 1951. The business was built on outstanding personal service and excellent products. As Worcester County's longest standing independent source for copiers, printers and office technology, RBS has been in a perfect position to understand and fulfill the needs of this unique community.  

Located in Boston, Massachusetts, in the Heart of New England, Boston Document Systems (BDS) is the cutting edge provider of Advanced Document Processing Systems and Services. Their wide array of product and solution offerings improve the bottom line of the businesses they serve. Custom tailored solutions which include cost cutting Managed Print Sservices programs, Digital Multifunctional Copying Systems, Scanning/Archiving solutions & Document Management Systems create efficiency and save time in the office. Their approach is unmatched in the industry and includes a determined and relentless focus on meeting customers' needs and improving productivity. 

Roland Lizotte, President at RBS, was quoted as saying, "We are happy to join the professionals at BDS. Their commitment to customer service along with their broad offering of products and services will be a great fit for the RBS customers we care so much about. Jason and his team have already begun the process of bring the companies together to form one outstanding team."

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
Prosperity Plus Management Consulting, Inc.

Tel: 631.382.7762
Email: info@prosperityplus.com

P.O. Box 85
Smithtown, NY 11787
Benchmark Document Solutions Acquired by Kelley Imaging
Prosperity Plus Management Consulting, Inc. today announced that it advised Fred Schacht, President of Benchmark Document Solutions, in the sale of the business to Kelley Imaging Systems, Inc.

Benchmark Document Solutions (BDS) was founded in 1994 by Fred and Colleen Schacht. Fred had already been serving area clients since 1988 as an employee of Xerox Corporation. Benchmark specializes in the ability to provide a high level of service as an exclusive Platinum Authorized Sales Agent for the Xerox Corporation. BDS operates with one common goal and that is to satisfy the customer. 

Kelley Imaging Systems (Kelley) is one of the largest privately owned office technology companies in the Pacific Northwest with 16 offices in Washington, Montana and Oregon. Uniquely positioned, Kelley is a single source provider for all of your office automation needs: Document Management Solutions, Copiers, MFP's, Wide Format Printers, Managed IT and Print Services and Mail and Distribution Solutions. Having become the partner-of-choice for hundreds of organizations throughout the Pacific Northwest, Kelley is able to deliver the best of both worlds - a single-source vendor with the presence and responsiveness of a local company, backed by the strength and resources of the world's foremost technology leaders.  

Fred Schacht, President at Benchmark, was quoted as saying, "Joining forces with Kelley Imaging will create a real win-win situation for all involved. I am confident that Aric Manion and his team will provide the tools and atmosphere that will benefits Benchmark's employees and clients."

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
KOPI Acquired by Marco
Prosperity Plus Management Consulting, Inc. advised Harley Koestner and Sherri Wilbers, in the sale of Koestner Office Products, Inc. aka KOPI to Marco.

Harley Koestner established KOPI on August 1, 1974 as a provider of office products, (particularly copiers), and maintenance and technical services. The business is located in Jefferson City, MO. Today, KOPI sells, leases and services the full line of Lanier products as a dedicated line dealer. The company has been consistently recognized as a leader in the market. 

Marco is one of the largest technology providers in the country with 46 offices throughout the Midwest and 32,500 customers nationwide. Marco specializes in copiers/printers, business IT services, managed services and cloud services. Our technology experts break down complex solutions into simple terms to position your business for success.

"This purchase allows Marco to further expand its technical expertise and services in the state of Missouri," said Jeff Gau, Marco CEO. "We look forward to continuing KOPI's commitment to satisfying their copier clients and providing opportunities for their valued employees."

"We are excited to join the Marco family. They are a high performing company that is committed to excellence and outstanding customer service," said Sherri Wilbers, President of KOPI. "They are also consistently recognized as a great place to work."

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
XMC, Inc Acquired by Visual Edge Technology
Prosperity Plus Management Consulting, Inc. advised Bob Hamilton, Sean Seward and Ben McCaghren, in the sale of XMC, Inc. to Visual Edge Technology.

Headquartered in Memphis, TN, XMC provides sales and service of Xerox multifunctional products, FP Mailing Solutions, assorted office solution software, managed print services, and IT/MNS solutions. XMC, Inc. has been serving the central Southeast part of the U.S. in the office solutions & managed provider service industries since 1992. Mr. Hamilton and his senior management team will continue in their current capacity in leading the company. XMC, Inc. is headquartered in Memphis, TN with additional locations in Chattanooga, TN; Jackson, TN; Nashville, TN; Savannah, TN; Florence, AL; Huntsville, AL; Little Rock, AR; Jonesboro, AR and northern GA.

Visual Edge Technology, a family of Imaging Solutions Companies, incorporates a strategy of operating through established dealerships across the U.S. focused on providing a broad line of office solutions including the sale and service of automated multifunction products, wide format solutions, manage print services, document management software, network management services, and IT solutions.

Bob Hamilton, Founder/Chairman of XMC stated, "In a rapidly consolidating industry, it is extremely important for us to operate from a stronger competitive position, while remaining an independent business within the Visual Edge Office Solutions family."

Visual Edge Chairman and CEO, Austin Vanchieri related, "XMC, Inc. is made up of high-quality, dedicated professionals. This key acquisition of XMC will strengthen our market position across the central Southeast. XMC, Inc. enables us to focus on continuing to providing high quality managed network service solutions, as well as, office solutions sales and service to the small, mid-size, and major account business community in XMC's marketplace."

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
Benchmark Business Solutions Acquired by Visual Edge Technology
Prosperity Plus Management Consulting, Inc. has advised Jeff Horn and his ownership team, in the sale of Benchmark Business Solutions to Visual Edge Technology.

Headquartered in Lubbock, TX, Benchmark provides sales and service of Xerox multifunctional products, HP printers and IT solutions, and managed print services. Benchmark has been serving western and central Texas as well as eastern New Mexico since 1994. Jeff Horn and his senior management team will continue in their current capacity in leading the company. Beyond its Lubbock headquarters, Benchmark services its customers with 11 additional locations throughout Texas and New Mexico.

Visual Edge Technology, a family of Imaging Solutions Companies, incorporates a strategy of operating through established dealerships across the U.S. focused on providing a broad line of office solutions including the sale and service of automated multi-function products, wide format solutions, manage print services, document management software, network management services, and IT solutions.

Jeff Horn, President of Benchmark stated, "Joining the Visual Edge family of companies will provide a unique opportunity for Benchmark to expand its competitive position. We see this as a big win for our customers, employees and the industry as a whole. I look forward to expanding our presence even further and providing more businesses in Texas and New Mexico with the world-class products and services only we can offer."

Visual Edge Chairman and CEO, Austin Vanchieri related, "Benchmark Business Solutions is made up of high quality, dedicated professionals. This key acquisition of Benchmark will strengthen our market position across Texas and New Mexico. Benchmark enables us to focus on continuing to provide high quality Managed Network Service Solutions, as well as, Office Solutions sales and service to the small, mid-size, and major account business community in Benchmark's marketplace"

Details of the transaction are confidential.  

Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
AOS Digital Joins Copy Products
Prosperity Plus Management Consulting, Inc. advised Matt Smith of AOS Digital and Ed Cameron and Tom Minuti of Copy Products in the merger of the two companies. 

Based in Doylestown, PA, AOS has focused on providing their customers with industry-leading document management technology since 1977. Whether their businesses need efficient office equipment or are looking to streamline their paper usage, AOS has the experience to offer the best solution. “We pride ourselves on being able to customize the best office technology solution for any organization”, says Matt Smith President of AOS, shareholder, and newly appointed Vice President of Copy Products.

Headquartered in Upper Darby, PA, Copy Products has offered best in class office technology to our clients since 1978. “Beginning as a fax and copier company, Copy Products has transitioned from selling copiers and faxes into a provider of Managed Services with a primary focus on Managed Print”, states Ed Cameron, founder and CEO of Copy Products. “We started our business on a firm foundation of honoring God’s principles and serving our clients and we continue that today”, Cameron continues.

“Copy Products and AOS have worked closely together for the past 20 years and found the combination of the two companies to be a natural next step”, says Tom Minuti, General Manager and newly appointed President of the combined company. He continues, “The combination of these two companies brings us to a point where we can offer customized Business Processes Solutions, Managed Output Device Optimization and best in class office technologies”.

“We look forward to 2018 and beyond, where we bring two great family businesses together to further the original mission, capitalize on the tenured strength of committed employees while leveraging superior technologies to better serve our clients”, Minuti says.

Operating under the Copy Products name, the organization looks forward to a bright future servicing the needs of Philadelphia area businesses.

Details of the transaction are confidential.​
Prosperity Plus offers a full range of merger and acquisition services. The consultancy may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership contact Jim Kahrs at Prosperity Plus at 631-382-7762 or by email. You may also get some insight into the drivers of business value by completing the ValueBuilder questionnaire online. ​
Prosperity Plus Adds Certified Value Builder to Service Offering
Business systems dealerships now have a way to clearly understand what factors determine the value of their business, and what they may do to increase that value before even discussing the idea of a sale. And that can all happen now with Prosperity Plus as a Certified Value Builder consultant.

The Value Builder System™ is a statistically proven methodology designed to improve the value of a privately held business. At the core of the system is The Value Builder Score™, an evaluation system driven by an algorithm that evaluates a business on the eight core value drivers acquirers take into consideration when buying companies. The Value Builder Score™ gives a comprehensive assessment of the "Sellability" of a business, whether an owner wants to sell next year or just wants to know that he/she is building a valuable asset for the future.

To be certified for this system Jim Kahrs, President of Prosperity Plus, completed 16 hours of pre-course online study and then completed the two-day on-site certification training program. The training involved a combination of case studies, group exercises and hands-on work with all eight value drivers contained in the Value Builder System.

“The Value Builder System is exactly what many of our clients need,” Kahrs said. “It provides a proven path toward building value in a business. Having participated in nearly 200 transactions, I can say that there are too many dealership owners that don’t plan ahead for a business sale. Because of this they leave a lot of money on the table. By using the Value Builder System we can literally walk a dealer through improving the key areas that determine value. I look forward to using this tool to enhance the value of our clients’ businesses and to provide them with a better understanding of how to prepare in advance for the business sale process.”

In addition to the certification program Kahrs attended the annual Value Builder Summit. This two-day conference provided tools and insight to merger and acquisition specialists. It covered topics such as Understanding the Mindset of Business Owners, Planning for the Implications of the New Tax Law, and The Best Ways to Engage Private Equity Groups in the Acquisition Process. Attendees came from all over the world to participate in this event.

In reflecting on the summit Kahrs said “This was a great two days. For me, the highlight of the summit was the panel of acquirers including private equity buyers and corporate buyers. They shared their insights on how they approach acquiring companies of different sizes. They also shared their thoughts on the current climate for acquisitions and how the new tax law comes into play. It was enlightening to hear strategies directly from the playbook of some large acquirers.”

In the coming weeks Prosperity Plus will be rolling out additional information on the Value Builder System. Our offering will have three components. It starts with the Value Builder Questionnaire. This questionnaire can be filled out online by business owners in approximately 15 minutes. You can find it on our website at www.prosperityplus.com It provides a numeric score on each of the eight key drivers of value as well as an overall Value Builder Score. There is no fee to complete the questionnaire. The next step of the process is a detailed assessment of the score. This is done in a one-on-one meeting where we review a 48-page report showing the results and outlining strategies for improving scores that fall below the desired level. The cost for this component of the program is just $500.

The third step of the process is an ongoing engagement designed to implement the strategies outlined in the assessment. The focal point of this engagement is a combination of one-on-one meetings with the use of a web portal that contains educational materials and exercises designed specifically to improve each driver of value. The portal also provides for full tracking of the action items of the program. The engagement is a one-on-one process led by Kahrs himself and tailored entirely to each participating business. The cost for this portion of the program is based on the exact needs of the client and begins at $995 per month. Our goal in laying out the Value Builder System was to provide a highly specialized and successful program at a cost that could fit a dealership of any size. The combination of this system and Prosperity Plus’ industry knowledge will set a course for increasing value that no one inside or outside the industry can match.  
Tel: 631.382.7762  E: info@prosperityplus.com
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