Office Resources Holding Company

FOR IMMEDIATE RELEASE
August, 1999
 

 

NEWLY FORMED OFFICE RESOURCES HOLDING COMPANY TO PURSUE GROWTH

Company to Take Lead in High-End Office Furniture Distribution


CHICAGO, Ill.-August, 1999: Office Resources, Inc, a leading office furniture distributor located in Boston, Massachusetts was acquired by Office Resources Holding Company, a holding company formed by Prospect Partners, CMS Companies and current management including Kevin Barbary, Michael Burns and Paul Fraser.

“We are very excited about the opportunity to work with Kevin, Michael and Paul in building the high-end office furniture distribution business,” explains Richard C. Tuttle of Prospect Partners. “We have a strong base upon which to build, and anticipate growth through acquisition of leading distributors in the high-end niche, including other Knoll/Teknion dealers.”

Office Resources Holding Company will focus on expanding its base business and entering new markets through acquisition. The company distributes a variety of lines including Knoll, Teknion, Harter, Dar/Ran, Keilhauer, Davis, National and Bernhart, and is a value-added reseller of numerous related services including design, installation and ongoing support of its clients' workspace needs.

Prospect Partners, LLC of Chicago manages a $105 million private equity fund focused on management-led leveraged acquisitions and providing growth capital for lower middle market businesses with niche strategies.

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