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TABS Acquires Stringer and Wagers Business Systems

18 May, 2004

TABS Acquires Stringer and Wagers Business Systems

Toshiba America Business Solutions, Inc. (TABS) announced it has acquired Stringer Business Systems and Wagers Business Systems, Inc. Both companies are independent copier dealers based in St. Paul, Minn. Stringer Business Systems, with no previous Toshiba relationship, sold 10 of its offices located throughout the northwest United States to Toshiba in which more than 150 people are employed. Wagers Business Systems, an authorized Toshiba dealer for more than 25 years, currently employs 73 professionals serving the areas of central and south Minnesota, as well as west central Wisconsin. Stringer Business Systems and Wagers Business Systems will become part of TABS’ Toshiba Business Solutions (TBS) division, a network of acquired Toshiba equipment dealers. Stringer and Wagers represent the 25th and 27th acquisitions by TABS since TBS was formed nine years ago. Former Stringer CEO John Stringer, Jr. will remain with the company, serving as president and running the day-to-day operations, while Wagers’ president Ron Stainer will retire after a brief transitional period. The acquisitions of Stringer and Wagers mark Toshiba’s second and fourth acquisitions in 2004. The acquisitions are part of TABS’ overall objective to bolster the TBS operation by targeting large independent dealers in the top U.S. markets. TABS has most recently acquired Business Methods in New York, Hawaii Business Equipment, Systems + Solutions in South Florida and Moody Business Associates (MBA) of Hayward, Calif.

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