Tuesday, September 23, 2008

Canon U.S.A. Acquires San Francisco-Based NEWCAL Industries

Wow...I was just talking to someone from NewCal last week in Napa...


LAKE SUCCESS, N.Y., Sep 23, 2008 (BUSINESS WIRE) -- Expanding its support for business in the San Francisco Bay area, Canon U.S.A., Inc., today announced the acquisition of the NEWCAL Industries business.

The San Francisco-based NEWCAL Industries is an independent value-added reseller of document and print solutions, including document imaging hardware and software, printer fleet and facilities management services. Founded in 1991 by Steve Tarpley and Ken Wilkens, NEWCAL is a leading independent provider of technology solutions to businesses in the Bay Area.

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This strikes near to our heart - NewCal is a decent HP-SVIP/OPS, Edgeline dealer...the report goes on -

"We are thrilled to continue to offer our customers Canon products, considered by most to be among the best in the industry, and are pleased to be part of the Canon family," said Steve Tarpley, president of NEWCAL.

Ken Wilkens, chief financial officer, NEWCAL, added, "Our customers will continue to receive the outstanding service they have come to expect from NEWCAL."

According to Jason Montgomery, vice president, Strategic Development, NEWCAL, directed the acquisition for NEWCAL, and states, "NEWCAL is now positioned for continued growth in the Northern California marketplace with a wide solutions portfolio and a serve-centric reputation."

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This should be a good move for all involved.


Reactions:

5 comments:

  1. Canon is making moves already!! Interesting, wonder if Newcal will still the relationship with HP for Edgeline and Xerox for the Engineering Systems.

    Good Stuff

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  2. Hmmm... is Ray Morgan next???

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  3. Greg, we are on the cusp of a major seed change here. The independent dealer landscape, as we know it, has just left the building. It may come back in 3-5 years...

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  4. Ray -

    It is my humble opinion that EVERY independent Canon dealer could have a ticket on the Canon "Gravy Train" -

    Could be time to cash in.

    Dynamic, the world is...

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  5. This transaction took seven months from preparation to execution. Anyone considering their exit strategy should email me to set up a time to talk. All conversations all held in strict confidence.

    jmontgomery@maadvisory.com

    ReplyDelete