Proforma Owners Acquire Century-Old Commercial Firm Hyde Brothers Printing of Marietta, OH
CLEVELAND—August 13, 2014—Steve Flaughers, owner of Proforma 3rd Degree Marketing teamed up with Dick Kulick, owner of Proforma Excalibur Business Solutions to acquire Hyde Brothers Printing, a long-standing Marietta, OH, commercial printer. Terms of the deal were not announced.
“Pursuing acquisition opportunities was the next step in significantly growing my business, and purchasing Hyde Brothers will more than double my sales this year,” said Flaughers. “I had no previous experience in negotiating or buying another business, but with the help of Proforma’s Mergers & Acquisitions Team it was easier than I could have ever imagined to achieve this level of success. We’re looking forward to elevating the Hyde Brothers brand by providing clients with innovative, cutting edge marketing support.”
Now known as Hyde Brothers Printing and Marketing, Flaughers and Kulick will extend the business’s offerings to include promotional items, multimedia services, branded apparel, mobile marketing, Website design and more.
“Selling our business to Proforma was a win-win situation,” explained Lew Camp, of Hyde Brothers Printing. “We have been providing commercial printing services for more than 100 years and we want to continue grow and serve our customers with the best products and services we can. Proforma is the industry leader in graphic communications, so it was a no-brainer that this relationship will help us continue to thrive and help our clients achieve their business goals.”
The opportunity first arose through Flaughers’ participation in Proforma’s Mergers & Acquisitions (M&A) program, designed to help Proforma owners identify, develop and complete merger and acquisition opportunities.
Proforma’s M&A Team guided Flaughers and Kulick through the buying process, including structuring the deal and arranging for a personal “Discovery Day” at Proforma’s Support Center for the sellers. “Proforma’s Mergers & Acquisitions team played a key role in securing this deal,” added Kulick. “Relying on their expertise gave us peace of mind. Steve and I could keep focusing on what we do best—selling—and we let the M&A team do the heavy lifting.”
With over 30 years of experience and more than $450 million in sales, Proforma remains clearly focused on providing solutions to businesses worldwide for their graphic communications needs. A leading provider of promotional products, printing services, business documents, and eCommerce solutions, Proforma has received numerous awards and is recognized as one of the top five largest companies in our industry. Proforma serves approximately 60,000 clients through more than 750 member offices across the globe, backed by more than 130 Team Members in the Proforma Worldwide Support Center located in Cleveland.