M&A Roundup: POA-loha as Pacific Office Acquires in Hawaii; Everon Adds CSC

Pacific Office Automation’s human resources department may start seeing a glut of employee transfer requests after the Beaverton, Oregon-based dealer acquired Maunakea Integrated Solutions in Honolulu. This week’s transaction wire also saw Everon obtain Customized Service Concepts LLC (CSC) in a deal between New England firms.

In Maunakea Integrated Solutions, POA—the largest independent office equipment dealer in the U.S.—reaped a Sharp, HP and Kyocera family dealer that services all of the Hawaiian islands. The transaction closed Feb. 1 and will be announced to customers through local staff. As a part of the deal, POA will expand its services to include managed IT, security, telephony, and more to the Hawaii market.

The two companies have been discussing the acquisition and carefully planning a smooth transition for employees for several months. Now under new management, Maunakea Integrated Solutions will continue to pursue its mission to foster trusted and ethical partnerships with both private and public businesses around Hawaii.

All employees will become a part of the POA team and continue to have access to previous and new benefits, such as a 401K match program, health and life insurance, and FSA benefits. Technicians will have the choice to drive POA company cars. Trevor Maunakea, former president of Maunakea Integrated Solutions, will stay with the company as general manager.

Doug Pitassi, POA

“Manaukea’s employees have exceptional expertise in this business and are a trusted service provider to the Hawaiian Islands,” said Doug Pitassi, president and CEO of Pacific Office Automation. “Our approach is building business centers around local market knowledge and community involvement. Trevor and his team have earned a reputation as reliable problem solvers, which is a good fit for POA, and we are thrilled to be a part of the team.”

Maunakea Integrated Solutions is located on Oahu’s south coast, along the Ke’ehi Lagoon and between the Honolulu Airport and Moanalua Gardens. It serves various industries across the state, from health care and government to finance, education, real estate, law and nonprofits.

Maunakea provides document imaging, mailing solutions, document workflow, commercial printing and much more. As the company grows under POA’s guidance, it will aim to focus on maintaining a strong relationship with Sharp while adding managed IT and software services, security cameras and production print.

Trevor Maunakea

“Doug and his team made it very simple to become part of POA,” Maunakea said. “Our customers will call the same number and talk to the same people, located right here in Honolulu. All current contracts and prices are valid, and we will maintain the standards of service our clients have come to expect.”

POA strives to maintain a local presence in all of its 33 locations in order to strongly connect with the local community and stay in touch with their specific needs. Acquisitions like this one allow POA to support local communities in this way. After the transition, POA will search for a new office in Honolulu with more space for a growing team.

Palani Correa, a tenured sales representative, will move from the Portland Office to Honolulu and assume the role of branch sales manager. A Hawaii native, Palani is well-equipped to help Maunakea Integrated Solutions reach its goals and thrive in the area.

Everon-Customized Service Concepts

Prosperity Plus announced that Customized Service Concepts, LLC (CSC) has been acquired by Everon, the fourth such acquisition since the company emerged as a standalone organization last October. Prosperity Plus acted as an advisor to Bob and Kim Fortin, the owners of CSC throughout the transaction.

With the purchase of CSC, Everon is focused on enhancing its service capabilities for banking and financial institutions in the New England area and across the Northeast. Specific details of the transaction are confidential and have not been released.

“Welcoming the CSC team to our organization proves we’re delivering on our promise to serve our customers more holistically across markets and particularly in the banking security industry,” said Dan Bresingham, CEO. “With CSC’s decades-long experience, particularly in the banking and financial sector, we’re adding critical expertise to our organization and enhancing the quality and depth of service we can provide across the New England area.”

CSC has established itself over the last 30 years as a leading provider of ATM and ITM hardware maintenance and banking security solutions across the New England region. With offices in Durham, Connecticut and Goffstown, New Hampshire, the organization is focused on providing best-in-class services and comprehensive, cost-effective solutions to the banking and financial industry.

“At CSC, we’ve always prioritized being a partner over a service vendor to our clients. It’s that mentality that’s led to our longstanding success,” said Bob Fortin, CEO, CSC. “In joining Everon, we recognize that we’ll continue to be part of an organization that shares that customer-driven mindset and values partnership above all else. This is an exciting move for us, and we’re looking forward to our future with Everon.”

###

About Pacific Office Automation
Founded in 1976, Pacific Office Automation (POA) is a privately held office technology company headquartered in Beaverton, Oregon. POA has more than 1,350 employees across eleven states. It has grown to be the largest authorized dealer of high-quality printer manufacturers, and it commits to offering custom office solutions, state-of-the-art technology and award-winning customer service to customers and the community. POA provides managed print services, enterprise level IT services, software, office equipment, and unified communications all over the United States.

About Prosperity Plus
Prosperity Plus offers a full range of merger and acquisition services. The consulting group may represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, (631) 382-7762 ext. 101.