DALLAS – The Safeguard Business Acquisitions & Mergers (BAM) team has completed yet another monumental transaction, this time through the sale of a company-operated business to two talented leaders.
In 2013, Safeguard acquired Idaho Business Forms Inc. (IBF), a Boise, Idaho-based company specializing in all aspects of print on paper, as well as extended services such as electronic programs, promotional products and graphic design. The company’s leadership team at the time of the purchase by Safeguard included veterans Tressa McLaughlin and Jamie McCormick. Following Safeguard’s purchase of the business and integration into its company-operated structure, both McLaughlin and McCormick decided to stay on board and lead the operations and growth of the newly formed Safeguard by IBF enterprise.
On April 30, 2015, Safeguard completed the sale of the Safeguard by IBF business to McLaughlin and McCormick, allowing them to take the reins of the company they’d been leading and achieve their dream of business ownership.
“I’ve wanted to own my own business since I was about 16 years old,” McLaughlin said. “I’ve been here for 25 years – I know the team, the customers and the capabilities. We bring a wealth of knowledge and many years of experience into ownership and with the support of Safeguard, we are destined for success.”
Prior to their purchase of the business from Safeguard, McLaughlin and McCormick were able to utilize the resources available through the Safeguard network while innovating internally and nurturing rising talent within the organization.
“By operating for a few years as a company-owned location, we had the opportunity to really dive in and learn the systems and supply chain available through the Safeguard network and figure out how to best apply them to customers,” said McLaughlin, who is also the immediate past president of the Print Services and Distribution Association (PSDA) Board. “We truly had the ability to place laser focus on providing the best product possible and offering unparalleled service.”
From financial support to increased manufacturing and training capabilities, the team is able to utilize the resources and strong relationships Safeguard has built over the years.
The sale of Safeguard by IBF was completed as part of Safeguard’s BAM program, which provides opportunities for Safeguard distributors to grow their businesses through acquisition and merger transactions. The network also creates opportunities for those in leadership roles within distributorships or other areas of the Safeguard/Deluxe family who have an end goal of ownership.
“Helping businesses grow and achieve financial success through merger and acquisition activity is only part of what we do here at Safeguard,” said Safeguard Vice President R. Scott Sutton. “We’re also committed to helping others achieve the American dream and to open up new opportunities for hardworking Americans interested in making a difference as business owners.”
Since the program’s inception in 2008, the BAM team has been able to successfully complete more than 95 transactions, including mergers and acquisitions of some of the largest and most respected companies in the print and promo industry.
Now, with the knowledge and expertise provided by Safeguard and the drive of its new owners, Safeguard by IBF is well poised for further growth.