Toshiba Business Solutions Announces 46th Dealer Acquisition14 Nov, 2006
Toshiba Business Solutions Announces 46th Dealer Acquisition
IRVINE, CA – Further growing its nationwide network of wholly owned subsidiary operations, Toshiba Business Solutions (TBS) today announced the acquisition of Arizona-based Business Equipment Group (BEG). The transaction represents TBS’ 46th acquisition since the inception of the company’s business expansion plan, supporting the overall objective of bolstering the TBS operation by acquiring leading independent dealers in strategic markets, including Arizona.
“With the acquisition of BEG, we’re continuing to realize our strategic growth objectives in key markets, particularly Arizona – a territory that until now, TBS did not have any in-market presence,” said Wayne Wilkinson, vice president / general manager, TBS. “BEG’s strong management team and aggressive business objectives mesh seamlessly with the TBS organization, and its solid heritage and reputation in the Arizona marketplace poise us for continued success.”
Headquartered in Phoenix, BEG operates from six locations throughout Arizona and San Diego, and has been in business for nine years. Prior to the acquisition, BEG sold only competitive brands of office equipment products. The company employs 155 people under the leadership of president Phil Blake and CFO, Frank Udvare, who will each remain in their current role.
“In our highly competitive industry, clients need an office automation partner that can really grow their business and take it to the next level,” said Phil Blake, BEG president. “Toshiba has the breadth and resources that enable us to do just that, and with its focus on customer satisfaction, our companies share the same core values. We’re thrilled to join the TBS family!“