M&A Roundup: UBEO Swings Fourth Deal of 2021; Novatech Obtains Xerox Dealer

UBEO Business Services continues its nationwide expansion with this week’s acquisition of a Boston-based dealer, its fourth addition of the year, joining newcomers in Colorado, Texas and New York. Meanwhile, Nashville, Tennessee-based Novatech, which earlier this year opened new branches in San Antonio and Virginia Beach, Virginia, acquired a Xerox Dealership in Denver.

Austin, Texas-based UBEO, a premier provider of printer, copier, and related office equipment sales and services is proud to announce that Business Copy Associates of Boston has joined the UBEO family of companies.

Since 1962, Business Copy Associates has been recognized as an award winning and leading provider of business technology solutions in the Greater Boston area and beyond. BCA is also the official copier provider of the Boston Red Sox and is an active member of the community. “Our industry has been around a long time and is constantly evolving,” commented Bill Horrigan, owner of Business Copy Associates.

“Our industry is becoming more competitive and more diversified at the same time. Choosing to join UBEO is the best decision we could have made for our employees and our customers. Our employees will continue to thrive and now have more opportunities to grow their careers at UBEO. For our customers, it means more choices in products, additional value-added services, and a much deeper support system.”

Jim Sheffield, UBEO

“With BCA joining UBEO, we are getting another solid organization with a long history of exceptional service,” said Jim Sheffield, CEO of UBEO. “We have gotten to know the team at BCA very well over the past year, and all are exceptional people. We couldn’t be happier to bring the UBEO experience to the Boston market. It’s an iconic American city and a great opportunity for us to grow.”

Horrigan and BCA were advised and represented by Jim Kahrs of Prosperity Plus.

Novatech Lands Denver Xerox Dealer

Novatech, a nationwide managed office provider and a core portfolio company of Trivest Partners, a leading founder-friendly private investment firm, has announced its acquisition of Pahoda Image Products, a Xerox Dealer in Denver.

Dan Cooper, Novatech

With this acquisition, Pahoda Image Products will maintain its name and branding. It will operate as a stand-alone portfolio company of Novatech, sharing resources and best practices across Novatech’s family of companies.

“This is an exciting day at Novatech and Pahoda,” said Dan Cooper, CEO of Novatech. “We’re excited to leverage the knowledge, resources, and partnerships Pahoda’s founder Jesse Harwell has cultivated over the past decade. We’re also thrilled to continue the Pahoda-Xerox partnership and maintain the Xerox portfolio of print technology solutions as the primary Pahoda copier/print offering.”

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About Novatech
Founded in 1998, Novatech Inc. is a nationwide Managed Office provider. The company eliminates the need for multiple managed service providers, hardware dealers, and software integrators. Offering a complete Managed Office portfolio, Novatech simplifies and streamlines the technology experience for today’s business.  

About Trivest Partners
Trivest Partners LP is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 350 transactions, totaling approximately $7 billion in value.

About UBEO Business Services
Co-headquartered in Austin and San Antonio, Texas, UBEO is now the fastest-growing business technology organization in the country. In 2018, UBEO, LLC exceeded over 3x in annual revenue growth. While the organization is rapidly growing, its commitment to excellence is paramount. UBEO Business Services with its best-of-breed offering remains committed to being the “high-end customer experience” in the industry. UBEO’s success is attributable to its commitment to acquire best-in-class companies and build a premier brand in the Document Technology industry.

About Business Copy Associates
Located in Boston, Massachusetts, Business Copy Associates has been in operation since 1962. BCA has helped its customers navigate the ever-changing landscape of business technology. Led by Bill Horrigan and David McGeney, BCA has enjoyed unwavering customer loyalty and steady growth over time.

About Jim Kahrs and Prosperity Plus
Prosperity Plus, celebrating its 20th year in July, has now participated in more than 275 transactions ranging from $1 million in revenue to north or $50 million. Jim Kahrs can be reached at (631) 382-7762 ext. 101 or by email.