Add-on Acquisition • Consumer Products

Centric Business Systems Acquires Carefree Office Technology

On May 9, 2019, Centric Business Systems acquired consumer products company Carefree Office Technology

Acquisition Context

This is Centric Business Systems’ 1st transaction in the Consumer Products sector.
This is Centric Business Systems’ 1st transaction in the United States.
This is Centric Business Systems’ 1st transaction in Virginia.

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M&A Deal Summary
Date	May 9, 2019
Target	Carefree Office Technology
Sector	Consumer Products
Buyer(s)	Centric Business Systems
Deal Type	Add-on Acquisition

Target Company

Carefree Office Technology

Fairfax, Virginia, United States

Carefree Office Technology, Inc. is a local, Veteran Marine–owned and independent Managed Print Services provider focused on helping clients understand their unique costs associated with document output in their office environments.

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Buyer Overview 1

Buyer

Centric Business Systems

Owings Mills, Maryland, United States

Category	Company
Sector	Consumer Products

DESCRIPTION

Centric Business Systems, Inc. is an award-winning document management company that specializes in providing the most innovative hardware and software office technology. As one of the largest providers in the nation, Centric offers a full range of products from Sharp, Ricoh and HP. Since 1990, the company has grown in double digits every year. Backed by its unwavering commitment to service, Centric continues to grow into the Maryland and DC marketplace.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Consumer Products	1 of 1
Type: Add-on Acquisition	1 of 1
State: Virginia	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

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