(Credit: www.industryanalysts.com)
The company has announced the acquisition of its latest office equipment dealer.
If you had told Randy Muntean, founder of CopyRight of Canton, Ohio, that the company he built from scratch would one day be united with his fiercest competitor, he may not have believed you. But the 30-year legacy of a hands-on, customer-focused owner is just what made CopyRight the perfect choice for Visual Edge Technology’s 21st office equipment dealer acquisition, according to Visual Edge.
The move is described as being “right in line” with Visual Edge’s strategy of buying strong dealerships, namely smaller ones like CopyRight, and uniting them with one of the company’s existing businesses, like Graphic Enterprises.
As stated, the two dealerships have long competed with one another but had “a healthy respect for one another,” says Visual Edge’s Chief Operating Officer and President of Graphic Enterprises, Brian Frank. So much so, that when Muntean was looking to retire and enjoy the fruits of his labour, he reached out to Frank.
In a letter sent to CopyRight customers earlier this month, Muntean stated that it was important to find a local company that could carry on his legacy. “Graphic Enterprises has been a leader in the industry for nearly 50 years and I am confident that they will carry on CopyRight’s legacy of excellent service on a consistent basis,” says Muntean.
“He really respected the way we have taken care of our customers over the years. He was really looking out for his customers and he chose us,” says Frank. “This will be a seamless transition, with the only real change being the name. The customers chose to work with CopyRight for a reason, and I want to allow them to continue with the same feeling, as if they were still working with Randy”
With strategic growth plans ahead for Graphic Enterprises, Frank added, “There are a lot of entrepreneurs out there who are looking for someone to partner with so eventually they have an exit strategy,” says Frank, “This is a win-win for CopyRight and Graphic Enterprises.”
