Proforma Owners Close $2 Million in Acquisitions in November
Proforma, Cleveland, has announced that its owners have closed two acquisitions, estimated to be worth $1 million each, in the first week of November. Mike and Melinda Durkee, owners of Proforma Durkee, Huntsville, N.C., acquired Hickory, North Carolina-based Print Focus; and Dennis Funk and Rich Bewley, owners of Proforma Signature Solutions, Brooklyn Heights, Ohio, have acquired Arlington, Texas-based The Parts Connection.
“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. “Proforma’s mergers and acquisitions team gave us expert guidance on how to make this a smooth transition. They made it extremely easy for us to close this deal and put more than $1 million in sales in our pipeline for 2016.”
The Proforma mergers and acquisition team has closed 38 deals on behalf of Proforma owners since 2014 and continues to grow its pipeline of qualified sellers.
“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 sets of Proforma owners tapped into Proforma’s mergers and acquisitions resources to identify, pursue and complete these acquisition opportunities. The team helped streamline the process, leading to the successful buy-out of two industry printers. The Durkees are members of Proforma’s Million Dollar Club, and Funk and Bewley are members of Proforma’s Multi-Million Dollar Club.
For more information about Proforma, visit www.onlyproforma.com.