Proforma Owners Close $6 Million in Acquisitions in June
Monday, July 11, 2016
Press release from the issuing company
CLEVELAND, OH – Proforma is proud to announce more than $6 million in acquisitions were closed in June of 2016 for its Member Owners. Six Proforma Owners completed deals contributing to the highest producing acquisition month for Proforma over the past 18 months. Specific terms of individual acquisitions will not be disclosed.
“One of the most significant advantages to working with Proforma’s Mergers & Acquisitions team is their ability to walk me through every step of the process,” said Mark Sweet, Owner of The Branding Suite powered by Proforma. “Proforma has made it easy for me to acquire partners that fit my business model and style. Through my most recent acquisition, I was able to secure a partnership with a company that complemented my offerings which will enable me to enhance the products and services for those clients, while also increasing my sales by nearly a quarter million dollars.”
The businesses acquired by Proforma Owners in June range from promotional products distributors, advertising agencies and traditional print shops. Building off of a $2 million acquisition month in November 2015, Proforma has closed more than $13 million merger and acquisition deals within the past year. Proforma has more than $150 million in acquisition opportunities remaining in the pipeline to pursue on Proforma Owners’ behalf.
“I turned to my advisors at Proforma for guidance on how to take my business to the next level of success,” said Julie Haar, Owner of Proforma Strategic Promotions. “I began working with Proforma’s M&A Team and they walked me through the process of acquiring a promotional products distributor worth approximately half a million dollars. This has been one of the most exciting strategies I have used to grow my sales and it has put me into a position to enter Proforma’s Million Dollar Club for the first time.”
Proforma Owners have access to dedicated Strategic Advisors and a team of merger and acquisitions specialists to guide them through the acquisition process. The Mergers and Acquisitions team offers a full suite of tools designed to help Owners prospect, pursue and close deals.
“It is our goal to make building extremely successful businesses easy and living the life of your dreams a reality for our Owners,” said Greg Muzzillo, Founder of Proforma. “Acquisitions prove time and again to be one of the most effective ways our Owners are able to propel their sales and achieve their business goals. That is why we have proven prospecting tools and experienced M&A specialists available to help Owners through the process. Our experienced M&A specialists are skilled in bringing these profitable deals to fruition and have played an integral part in closing an unprecedented $6 million in one month.”
Proforma Owners are also able to tap into a $4 million sales and marketing fund for support, including access to award-winning marketing campaigns, a state-of-the-art technology platform, financial backing, free credit insurance and the buying clout with a vendor network that lowers product costs by 5% - 15%.
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