Proforma Members Acquire Two Industry Distributors In November
Proforma (UPIC: PROFORMA) announces two recent acquisitions by its distributor members. Mike and Melinda Durkee, owners of Proforma Durkee in Huntsville, North Carolina, acquired Print Focus, located in Hickory; and Dennis Funk and Rich Bewley, owners of Proforma Signature Solutions (UPIC: PROSIG) in Brooklyn Heights, Ohio, acquired The Parts Connection of Arlington, Texas.
“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,” says 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 Durkees are members of Proforma’s Million Dollar Club and Funk and Bewley are members of Proforma’s Multi-Million Dollar Club.
“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,” says Greg Muzzillo, founder of Proforma.