American TonerServ Announces iPrint Technologies Inc. Acquisition
SANTA ROSA, Calif. — American TonerServ Corp. has acquired all of the assets of iPrint Technologies Inc. relating to its retail business of providing printing supplies and service to a variety of companies. The assets were acquired by a newly-formed, wholly owned subsidiary of ATS.
According to unaudited financial information provided to ATS by iPrint, the business generated approximately $12.5 million in revenue during the 12 months ending Aug. 31, 2008.
“At the beginning of 2008, our management team was charged with growing ATS through acquisitions of top printer service and supply dealers in major metropolitan areas around the country,” said President and Chief Executive Officer of American TonerServ Dan Brinker. “In July, we announced a letter of intent to acquire certain assets of iPrint Technologies in California. We are happy to announce the completion of that acquisition. This acquisition is a major milestone for ATS and brings into our fold another company that has experienced rapid organic growth. As we execute on our strategy to be the leading consolidator of environmentally friendly printer supply and service dealers, this transaction should allow us to achieve a $25 million annual revenue run-rate by year end.”
The iPrint management team, which has now joined ATS, brings more than 40 years of collective printer industry experience to ATS.
“Even as our business becomes part of ATS, we will stay on the same game plan that has succeeded for us to date: Focus on our mission of providing superior customer service and value,” said President of iPrint Chad Solter. “My team and I look forward to an enhanced reputation in the marketplace as a result of our new relationship with ATS. The programs ATS has created, particularly in the area of environmentally-conscious recycling and re-use of toner cartridges, fit with our own vision to build stronger ties to our existing customers and attract new customers.”
“Today’s economic decline is working to our advantage as customers are becoming increasingly cost conscious while continuing to seek environmentally friendly products,” Brinker said. “This ties directly to our value proposition and now that iPrint’s business is part of ATS, we believe we will be able to provide additional services such as print management programs and broader product lines to the customers, and at the same time leverage ATS’ strengths including purchasing power, sales and marketing tools, technology solutions, and operational expertise and efficiency. We believe the purchasing power of the combined companies may bring additional benefits to all of our customers.”
American TonerServ Corp., a leading recycler of toner cartridges, is building a nationwide organization to efficiently serve the printing needs of small- and medium-sized businesses by consolidating best-in-class independent operators in the $6 billion recycled printer cartridge and printer services industry, offering top-quality, environmentally friendly products and local service teams.
iPrint’s business operates out of the greater Los Angeles area (Chatsworth) and the San Francisco Bay Area (Larkspur). That business has focused on providing printing supplies and service to Fortune 1000 and middle-market companies nationwide.
Contact American TonerServ Corp.
This article originally appeared in the December 2008 issue of Recharger.