Smart Source Acquires Grandflow Inc.
Smart Source, Suwanee, Ga., has acquired the majority of assets of Grandflow Inc., Livermore, Calif. Grandflow was founded in 1973 as Grand Business Forms by Carl Rusca, and offers premier document management services, along with print and promotional products, to its clients. The combination of Smart Source's industry-leading technology and vendor footprint will increase efficiencies and service offering to Grandflow's customers.
Smart Source is a leading brand management business process outsourcer (BPO) and technology provider that sources printed and promotional products for both domestic and international customers. The Top 50 distributor has a successful reputation for integrating and growing existing customer relationships by leveraging its Brand Sourcing Technology to optimize customer pricing. As a result of this effort, and the success of its many customers, Smart Source has seen substantial growth and expansion in recent years. The acquisition of Grandflow will allow Smart Source to further increase market share and strengthen its existing West Coast operations. The acquisition also allows Grandflow to access the tools necessary to be a market leader and grow its business in an industry that continues to undergo change.
Grandflow is a privately owned company. With the passing of its founder, the company's current leadership including Matt and John Rusca, determined that transition of its legacy customers to Smart Source was a strategic decision benefitting Grandflow, Smart Source and their clients.
"Smart Source's expanded platform of services and technology will be a significant benefit to all of Grandflow's customers,” Mark Henson, senior vice president of business development for Grandflow, said.
"It is a pleasure to welcome Tom Allen and Mike Lewis and the Grandflow team to the Smart Source family," Scott Rich of Smart Source said of the acquisition.
And Sara Horn, chief operating officer of Smart Source, is "excited about the efficiencies, account reporting and infrastructure that Smart Source can bring to both Grandflow's employees and clients as part of this combination."
Jim Anderson, founder and president of Scottsdale, Arizona-based Corporate Development Associates, served as financial adviser to Grandflow on the transaction. He can be reached by phone at (480) 951-2441, or via email at email@example.com.
For more information, visit www.smartsourcellc.com.
The preceding press release was provided by a company unaffiliated with Print+Promo. The views expressed within do not directly reflect the thoughts or opinions of Print+Promo.