Safeguard Distributor Business Products Inc. Acquires Formsource Inc.
Safeguard, a top 50 distributor and member of Dallas-based Deluxe Corp., announced that Safeguard distributor Business Products Inc., owned by Brad McCrum of South Portland, Maine, acquired Formsource Inc. of Lewiston, Maine, on Sept. 25, 2013. Formsource, founded in 2002, has been a single source for design, printing and advertising specialty needs for local and national customers. The acquisition was completed as part of Safeguard's Business Acquisitions and Mergers program, which focuses its efforts on providing opportunities for existing and new Safeguard distributors to grow their business through acquisition and merger transactions. Safeguard provided transactional consulting and funding assistance in connection with the transaction. Terms of the acquisition were not announced.
"We're excited to have an expansion of our customer base in Maine through Mr. McCrum's acquisition of the Formsource business," said Scott Sutton, vice president of franchise development for Safeguard. "These new customers now have the opportunity to tap into the passion, skill and dedication of Brad McCrum, who is always focused on providing perfect service to customers, as well as new products and services offered by Safeguard."
"Very simply, our goal is to grow the Safeguard customer base, allow for the business growth and continued success of our Safeguard business owners like Brad McCrum and the opportunity to provide better products and services to customers," Sutton said.
For more information, visit www.gosafeguard.com.