Small Business Deal Advisors is elated to announce the acquisition of Northern Office Equipment of Traverse City, MI by Kraft Business Systems of Grand Rapids, MI!
Northern Office Equipment (or “Company”) is a supplier and service provider of quality electronic office equipment. The Company provides Konica Minolta multifunction printers, production digital presses, managed voice services, 3D printers, scanners, and other various office solutions. Northern Office Equipment is the exclusive provider of this brand of products to the Northern Michigan region.
Northern Office Equipment was founded in 2006 by Carla and Michael Westervelt. The couple have worked together to provide exceptional service and products to the greater Traverse City area. Carla and Michael decided to transition the Company to new ownership in order to retire.
Northern Office Equipment was acquired by Kraft Business Systems, an IT services and support company based out of Grand Rapids, Michigan. Kraft Business Systems provides customized managed IT services and solutions, managed print and copier services, and document management solutions for a variety of industries. The acquisition of Northern Office Equipment will allow Kraft Business Systems to further grow its clientele in the Northern Michigan region.
Jeff Cousins, President of Kraft Business Systems stated, “We are very excited to work and support such a great company with great customers in the Traverse City/Northern Michigan Market. We have a business in the Charlevoix Market that we are going to merge into our new Traverse City location. We are proud to be able to keep all the existing staff and to stay in the same location. We have been looking to expand our Northern Michigan Market and we could not have picked a better partner in Northern Office Equipment.”
Scott Nicholson, Mergers and Acquisitions Advisor at Small Business Deal Advisors, was the lead advisor on the transaction.
Scott Nicholson stated, “Northern Office Equipment is a really nice electronic office equipment supplier. Kraft Business Systems was impressed with the Company and the services it provides. This acquisition will allow Kraft Business Systems to further expand its footprint into the Northern Michigan region.”
Small Business Deal Advisors advised Northern Office Equipment on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods.
The terms of the transaction were not disclosed.