Electrograph, reseller of all things A/V has been on an acquisitions tear lately, first buying Activelight and Cinelight last year, and now bolstering their position with the purchase of AV giant ICG. From their press release:
Electrograph Systems, Inc., a leading national value-added distributor of display technology solutions to the professional, commercial and high-end consumer markets, today announced that it has acquired International Computer Graphics, Inc. (ICG), of City of Industry, Calif., one of North America's top specialty distributors of LCD, plasma and desktop displays, digital imaging peripherals and AV presentation products. The financial terms of the transaction were not disclosed.Electrograph is quickly becoming a major force in the digital signage industry, whereas previously they claimed that the segment was not really big enough to be worth going after.
The acquisition of ICG roughly doubles Electrograph's revenues to more than $550 million annually and greatly strengthens its presence on the West Coast while enhancing its overall logistical presence across the United States. The companies combined have over 45 years in business as distribution leaders, with 16 sales offices and 10 distribution centers across the U.S. The transaction is Electrograph's third strategic acquisition since it was acquired in August 2005 by Caxton-Iseman Capital, Inc. in partnership with Alan Marc Smith, Electrograph's Chief Executive Officer, and Sam Taylor, its President. In February 2006, Electrograph acquired ActiveLight, a leading value-added distributor of display technology solutions to the professional, commercial and high-end consumer markets; and CineLight, a leading, value-added distributor of advanced display technology products and accessories to home theater designers and resellers.