Mike Magill

DALLAS-New England Business Service (NEBS) plans to acquire Safeguard Business Systems in a $72.5 million all-cash transaction. The cash proceeds will be used to acquire all company stock, as well as to retire revolving loans and term loans with Safeguard's financial institutions. Safeguard will operate as a wholly owned subsidiary. This is a strategic move for both companies, allowing each to create competitive advantages in the marketplace. The company employs approximately 850 people, primarily in Dallas, Atlanta, Los Angeles and Philadelphia. "Like NEBS, Safeguard has a long history of providing products and services to small business customers," says Mike Magill, president and CEO of Safeguard Business Systems.