Power Sources Unlimited Inc. recently announced that it has signed and executed a definitive agreement to acquire the assets of OEM Marketing & Sales–Franklin for an undisclosed amount. The acquisition is expected to close in late June 2016. The Company will finance the acquisition using available cash and expects the acquisition will become accredited to earnings in early fiscal 2017.
Based in Wrentham, Massachusetts, OEM Marketing & Sales-Franklin was founded on September 1, 1988 and is a manufacturer’s representative firm, with a history of success in selling synergistic power, packaging, motion control, interconnect and thermal management products into the New England marketplace. OEM’s customer base includes industrial, instrumentation, medical, security, data/telecom, military/COTS-Hi-Rel and LED lighting.
“We expect that this acquisition will enhance our customer base as OEM has an extensive and very detailed targeted mailing list that will help us drill deeper into the New England market and secure additional design wins and OEM production business. When coupled with our aggressive marketing campaign, inside sales tenacity and build-out strategy will provide the opportunity for accelerated market share and future growth in sales and profitability,” Ray Newby, president and founder of Power Sources Unlimited Inc. stated.
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