FOR IMMEDIATE RELEASE
August, 1999 |
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NEWLY FORMED OFFICE RESOURCES HOLDING COMPANY TO PURSUE GROWTH
Company to Take Lead in High-End Office Furniture Distribution
CHICAGO, Ill.-August, 1999: Office Resources, Inc, a leading office
furniture distributor located in Boston, Massachusetts was acquired
by Office Resources Holding Company, a holding company formed by Prospect
Partners, CMS Companies and current management including Kevin Barbary,
Michael Burns and Paul Fraser.
“We are very excited about the opportunity to work with Kevin,
Michael and Paul in building the high-end office furniture distribution
business,” explains Richard C. Tuttle of Prospect Partners.
“We have a strong base upon which to build, and anticipate
growth through acquisition of leading distributors in the high-end
niche, including other Knoll/Teknion dealers.”
Office Resources Holding Company will focus on expanding its base
business and entering new markets through acquisition. The company
distributes a variety of lines including Knoll, Teknion, Harter,
Dar/Ran, Keilhauer, Davis, National and Bernhart, and is a value-added
reseller of numerous related services including design, installation
and ongoing support of its clients' workspace needs.
Prospect Partners, LLC of Chicago manages a $105 million private
equity fund focused on management-led leveraged acquisitions and
providing growth capital for lower middle market businesses with
niche strategies.
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