Philadelphia, PA – March 2004 – Zygoquest Group "seeking to unite" announced that they served as the advisor on the acquisition of outstanding shares of On-Site Sourcing by Mark Hawn, CEO of Docuforce. Docuforce is the premiere provider of document-services and “facilities management” solutions. On-Site was a $37 million publicly traded document-services provider. The transaction was closed on February 24, 2004 with shareholders of record entitled to receive $2.87 per share (visit: www.zygoquest.com).
Mark Hawn, CEO of Docuforce is building the premiere provider of document services; providing facilities management, litigation-copying, imaging and digital printing services. Prior to founding Docuforce, Mark Hawn built and sold Atlanta Legal Copies, a leading provider of document facilities management and legal reprographics with 2,500 employees in 26 cities with annual revenues of $85 million. Atlanta Legal had been recognized three consecutive years as one of INC. Magazine’s 500 fastest growing companies.
Regarding On-Site Sourcing, Mark Hawn stated: “We have become very familiar with On-Site’s outstanding capabilities in our target market segments. On-Site provides us with the perfect platform to execute Docuforce’s aggressive growth strategy to serve national and regional accounts. Our companies are very compatible. On-Site’s President, Chris Weiler and his management team have built a terrific company with outstanding technology and customer solutions. We are very excited about consummating this transaction and joining forces with the On-Site team”.
Regarding Zygoquest, Mark Hawn stated “The Zygoquest team did a great job. Mike Dudek, Bill Truchan and his team played a vital role throughout this entire transaction cycle - from the initial planning stages prior to our contact with On-Site management, throughout negotiations, execution, due diligence and consummation of this transaction. Mike Dudek and I have been working together for many years on both sides of the table. Mike acquired my original company - Atlanta Legal Copies, when he was Vice-President – Acquisitions at IKON. Now Mike is advising us on all of our acquisitions, as well as on our operational and growth strategy. Mike is an outstanding deal-maker and expert negotiator who we highly recommend to all our friends and associates.”
Chris Weiler, President of On-Site founded the company in 1992, building it into one of the most respected document-service companies in the world. On-Site Sourcing offers Litigation-Copying, Imaging, and Digital Printing services. Litigation Copying services include copying, binding, labeling, collating and indexing materials. Imaging services include scanning, electronic file processing, coding, data repository, and on-site scanning. Digital printing includes direct digital output and full color printing. On-Site serves the greater Washington D.C., Philadelphia, Wilmington, New York City, Chicago and Atlanta metropolitan areas; and, provides services to law firms, corporations, non-profit organizations, accounting-firms, financial institutions, governmental agencies, and other organizations located throughout the United States.
Regarding Zygoquest, Chris Weiler stated “Zygoquest, Mike Dudek and his team did a very professional job. Mike and his team performed the most comprehensive review and assessment of our company during due diligence that we have ever experienced. We highly recommend Mike Dudek and his team.”
About Zygoquest Group
“Zygoquest is the premier provider of acquisition services, and specializes in providing customized services to buyers and sellers of companies, advising entrepreneurial owners through the entire acquisition life cycle or specific transaction aspects. Zygoquest assists entrepreneurs buying companies or engaged in selling their company or contemplating future disposition to position their company to maximize exit value and minimize post-sale risk. Mike Dudek, The-Acquisition-Guy.com and President and CEO of Zygoquest, is the author of over 300 acquisitions consummated in the office products, document services, systems integration, technology, and communication services industries.
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Contact: Mike Dudek, President and CEO - Zygoquest Group
mdudek@zygoquest.com www.zygoquest.com Phone: (610) 873-6555