UBEO Expands Copier Dealership in Texas
UBEO Business Services, which is an office-equipment dealer based in San Antonio, Texas, announced today that it’s “become the largest independent dealer of its kind in Texas” with a series of strategic acquisitions that it announced today. This comes on the heels of the November 2018 acquisition a regional leader in California (see here).
UBEO acquired PrintRX, LLC in San Antonio and Braswell Office Systems, Inc in Corpus Christi for undisclosed sums. Both are now UBEO companies and will continue operating under their existing names. Each acquired business will keep its leadership and employees, but will be designated a UBEO company.
- PrintRX has grown from its beginnings in 1970 as a copier dealership to an 25- employee operation offering a broad range of business technology and managed print solutions.
- Braswell, the oldest of the newly acquired companies, was founded in 1945.
UBEO, which was founded in 2004, sells office printers/copiers and production-printing systems from Canon, HP, Lexmark, Kyocera, Konica Minolta, Ricoh, and Xerox, and also offers print-fleet management, electronic document management, interactive communications, and managed IT.
Last April, UBEO noted that it joined with Sentinel Capital Partners to acquire “the most outstanding business technology organizations” in the country. In early March 2019, the company announced the acquisition of Core Business Solutions and CopyZone—the leading business technology company in the Rio Grande Valley. These added to UBEO’s operations in Central Texas, North Texas, East Texas, California and Louisiana. In 2018, UBEO’s revenue growth exceeded over three-times its prior-year annual revenue.
- January 2019: UBEO Makes Two Acquisitions
- November 2018: UBEO Business Services Merges with Ray Morgan Company