DocuSource, a Safeguard Company, Acquires Formit Print Management
DALLAS—May 30, 2014—Safeguard Vice President R. Scott Sutton announced that DocuSource, a Safeguard company, completed its acquisition of Portland, OR-based Formit Print Management (Formit). Founded in 1995 by industry-veteran Jeff Larson, Formit provides print, promotional products, apparel and fulfillment services to a wide range of customers in the Pacific Northwest. Terms of the acquisition were not announced.
Safeguard first acquired DocuSource in May 2013 as part of its industry-leading Business Acquisitions and Mergers strategy (known as “BAM”). Formit will be integrated into DocuSource over the next several months. The combined forces of DocuSource and Formit, under the Safeguard umbrella, will further strengthen Safeguard’s leading position in the region for helping customers run and grow their businesses. Since 2008, the Safeguard Business Acquisitions and Mergers team has completed over 80 transactions involving some of the most respected enterprises in the industry, including seven of the Top 50 Distributors, as published by Print Solutions magazine. In 2014, as a result of the success generated by the BAM strategy, Safeguard became the first company in the industry to receive a coveted Dealmaker of the Year award by Franchise Times magazine.