Des Plaines Office Equipment (DPOE) acquires Chicago-based ABM Office Equipment; 3rd acquisition in 3 years30 Sep, 2009
Des Plaines Office Equipment (DPOE) acquires Chicago-based ABM Office Equipment; 3rd acquisition in 3 years
Elk Grove Village, IL, (September 2009) -Des Plaines Office Equipment (DPOE), the Chicago area’s leading provider of office equipment solutions since 1955, today announced the acquisition of Chicago-based ABM Office Equipment (www.abmchicago.com), the third acquisition that DPOE has made in the last three years.
Chip Miceli, DPOE President, finalized the transaction today that makes DPOE (www.dpoe.com) the new owner of the 35-year old, Elk Grove Village-based ABM Office Equipment, an independent company which specializes in the sale and service of office/document generating equipment including CopyStar, Xerox and Kyocera. ABM operated from a location at 1820 Elmhurst Road, Elk Grove Village, which will become part of the existing DPOE structure. The ABM name will be transitioned to DPOE over the next year. DPOE has its headquarters also in Elk Grove Village, at 1020 Bonaventure Drive; DPOE currently operates two additional offices in addition to their Elk Grove headquarters.
Miceli purchased ABM from Chicago businessman Gaylord Smilden, who will join the DPOE team and assist with overall sales, strategy, and issues of transition. Joining Smilden will be nine of the former ABM employees, bringing the total DPOE workforce to 85.
Miceli did not disclose the terms of the sale but confirmed that ABM Office Equipment is a company with approximately $3 million in annual sales.
This latest acquisition follows the 2008 acquisition by DPOE of Synergistic Office Solutions, a suburban Chicago document management/office products firm. In February of 2007, DPOE acquired Chicago-based DVT (Document Vision Technologies). In all, the companies that DPOE acquired bring additional revenues of nearly $10 million to DPOE.
Miceli, whose company is a leading Sharp dealer, said that the acquisition will further expand DPOE’s reach in the Chicago market area. Bringing the ABM Office Equipment acquisition into DPOE also expands the company’s market reach into product lines including Xerox and CopyStar. Additionally, he noted, the joining forces will benefit the ABM customer base who can now also tap into the menu of DPOE services, including print management, IT services, and additional product lines.
“We are pleased to welcome ABM to the Des Plaines Office Equipment family,” said Miceli, adding, “Gaylord Smilden and his company enjoy an excellent reputation in Chicago and the industry. We look forward to working with their team and building further upon the excellent reputation they have established over the last three decades.”
Miceli said that his firm is in a growth mode and may consider additional acquisitions within the next several years. “The downturn in the economy is no time to pull back,” he said, adding that acquisitions are an excellent means of company growth. “We have had three outstanding opportunities over the last three years to add to our marketshare and client base and look forward to continuing along this path.”
Des Plaines Office Equipment (DPOE, www.dpoe.com), is a Chicago-area leader in the field of print management, and document generation equipment and solutions. The firm has been serving the Chicago area since 1955. Today, DPOE operates three locations: its headquarters in Elk Grove Village, and a location in Chicago (211 West Wacker Drive) and Rockford (Loves Park, IL). DPOE is a leading provider of Sharp office equipment, as well as Oki Data. Additionally, DPOE is an authorized dealer for HP, and InfoDynamics. DPOE provides products and services to a diverse client base that includes schools, hospitals, law offices, accounting firms, and financial institutions, among others. The firm is a consistent winner of Sharp Document’s Hyakuman Kai award for sales excellence, and was named a 2007, 2008 and 2009 Elite Dealer by the national journal Office Dealer. DPOE maintains corporate headquarters at 1020 Bonaventure Drive, Elk Grove Village, IL 60007. The firm is active in a number of area civic organizations, including the Italian American Chamber of Commerce, and the Chicago and Des Plaines Chambers of Commerce. For additional information, please call 847-879-6400 or visit www.dpoe.com.
Photo: Chip Miceli, President, Des Plaines Office Equipment (DPOE)