M&A Roundup: UBEO Adds Denver Dealer, DEX Imaging Obtains Local Firm

Allison Ward, ADS

A pair of the industry’s stalwart consolidators were back in action this past week with additions to their respective stables. Last Friday, UBEO Business Services snapped up ADS Imaging Solutions of Denver while DEX Imaging shopped locally, tabbing Copyforce Inc. (d.b.a. Gulf Business Sytems) of Sarasota, Florida.

In acquiring ADS, San Antonio-based UBEO reaped a wide-format and technical imaging solutions specialist that has served its market for more than 25 years. ADS is led by Allison Ward, who believes UBEO is an optimal partner choice.

“This was an easy choice to join UBEO. ADS and UBEO will benefit
from a strong cultural fit,” Ward said. “Each member of our team will work for our customers first, employees second, and our company third. Our primary mission is to provide a customer experience unmatched in our industry. We are all thrilled about this partnership!”

Jim Sheffield, UBEO

“ADS Imaging Solutions is a solid company that delivers consistently for its customers,” UBEO CEO Jim Sheffield said. “We are delighted to be bringing this group into our organization. With the power of the “U” behind them, ADS will be able to offer a wider array of services and support to its customers.”

DEX Imaging-Gulf Business Systems

Tampa, Florida-based DEX Imaging found business synergy only 60 miles away in the form of Gulf Business Systems. Founded in 1972 and later acquired by President/Owner Martin Hyde in 1997, GBS is a single-line Kyocera dealership that has proudly served Southwest Florida for more than 50 years.

Martin Hyde, Gulf Business Systems

“We are pleased to join forces with a company that shares our same value proposition for quality,” Hyde said. “DEX Imaging’s track record of innovation and service excellence is one of the many reasons why we chose DEX for this transaction. We have worked hard for over five decades to build a legacy of quality, and now with DEX at the helm, we will be able to continue that legacy well into the future.”

Dan Doyle Jr., DEX Imaging

Noted Dan Doyle Jr., CEO of DEX Imaging, “The acquisition of GBS delivers a seamless expansion for us in Sarasota, where we have had a strong market presence since 2005. GBS customers will now not only reap the benefits provided by DEX Imaging’s talented service teams, but will also have the advantage of choosing from a wider variety of best-in-class products and software solutions.”

GBS staff will join forces with DEX Imaging’s as one cohesive unit, offering a smooth transition for customers and employees.

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About UBEO Business Services
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 bestof-breed offering remains committed to being the “high-end customer experience” in the industry. UBEO’s success is attributable to its commitment to acquiring best-in-class companies and building a premiere brand in the Document Technology industry.

About ADS Imaging Solutions
ADS has been a leading supplier of wide-format technical and graphics solutions in the Denver area for over 25 years. Allison Ward led the organization since 2002. Allison will be assuming a new leadership role in the Denver marketplace as a part of UBEO.

About DEX Imaging
DEX Imaging is the digital document imaging arm of Staples, the world’s largest business solutions provider. DEX sells and services the broadest selection of copiers, printers and data management solutions in the industry, such as Konica Minolta, Canon, Kyocera and HP, with annual revenue exceeding $350 million. What makes DEX unique is its people, whose combined knowledge of cutting-edge business technologies and depth of service experience are unmatched. DEX Imaging’s success is directly tied to its mission: to help customers of all sizes drive down document-related expenses while improving productivity.