Impact Networking Acquires Illinois Paper & Copier Company
Impact Networking, a provider of business-process optimization services , and located in Lake Forest, Illinois, reports that it’s acquired the Illinois Paper & Copier Company of Bolingbrook, Illinois.
Illinois Paper & Copier Company is currently the second largest independent dealer based in Chicago land, with a customer-service record spanning over 35 years in the business. Like Impact, Illinois Paper is a certified Konica Minolta Pro-Tech Dealer. Impact will also offer Kyocera equipment to current Illinois Paper customers upon acquisition, thereby diversifying digital office equipment offerings and further bolstering its long-standing Kyocera partnership.
Impact CEO Frank Cucco and President Dan Meyer said Impact will diversify Illinois Paper & Copier’s offerings by implementing several services that the company currently doesn’t offer.
Frank Cucco of Illinois Paper & Copier Company said: “We are going to fuse our high-end technology into their already excellent service. They have doubled their revenue in the past decade, and we will help drive down costs thanks to the economies of scale.”
Founded in 1999, Impact employs over 280 people at its 11 various U.S. Midwest locations. The firm says it provides automation solutions to help businesses reduce redundant, manual, or paper-based processes. It says the acquisition will result in additional growth, a company that has experienced 27 percent year-over-year growth since it began as a four-person operation in 1999. “This acquisition is going to take us from a $63 million company in 2016 to becoming a $100 million company in 2017,” said Cucco, “and that will put us in a very elite group of dealers — only about a half dozen in the country. This is a game changer for Impact.”