PC Mall, a direct marketer and rapid response supplier of technology products for business, has acquired Pacific Business Systems Inc., a privately held direct marketer of computer products to businesses and consumers under the ClubMac and PBS brands. Pacific Business Systems had net sales of $84 million for 2001 and has been profitable for 18 years.
PC Mall issued 300,000 shares of its common stock to Pacific Business Systems and assumed some liabilities. It has agreed to a capped three-year earn-out. PC Mall’s stock sells at $4.58 a share.
"With the majority of their current sales derived from their outbound direct marketing sales-force, the PBS acquisition is aligned with the focal point of PC Mall`s business strategy,” Frank Khulusi, chairman, president and CEO of PC Mall, said. “PBS and PC Mall also use the same enterprise software which simplifies the integration of the two companies and speeds the realization of any potential synergies."
PC Mall sells to businesses. It features more than 100,000 products from technology companies such as Compaq, Microsoft, Apple, IBM and Hewlett-Packard