Press Releases
Lonesource, Inc., Acquires Sunbelt Office Products
CARY, NC - July 1, 2008 - Lonesource, Inc., a company that helps businesses quickly and easily obtain the everyday products and supplies they rely on to do business, announced today that it has acquired Atlanta-based Sunbelt Office Products.
With this transaction, Lonesource, Inc. now offers complementary products and services for small and large businesses.
- The Lonesource solution is a hosted, Web-based service for Fortune 1000 companies to optimize and manage spending across all corporate departments to increase profitability and dramatically simplify procure-to-pay processes.
- Business Supply is the company's retail Internet solution that serves the office supply needs of the small office/home office (SOHO) customers
- And now, Sunbelt fills a gap by bringing new service and sales capabilities reaching small-to-medium size businesses (SMBs) across the country.
"This acquisition advances our mission to be, 'The only source you need. Period,'" said Lonesource Chief Executive Officer Brad King. "We are combining a wide range of products, expertise and resources that will provide even greater value to our B2C and B2B customers, employees and shareholders."
"Lonesource recognized that Sunbelt's success with the SMB customer can be leveraged across major geographic areas targeting the 50- to 250-employee companies with a full complement of product and service categories," said Sunbelt Founder Jim Anderson. "This represents a tremendous growth opportunity for both companies."
Sunbelt Office Products is headquartered in Atlanta, Ga. Over the past 22 years the company has enjoyed tremendous success and was featured in Inc. Magazine as one of the fastest growing companies in America. Sunbelt also brings to Lonesource, Inc. a nationwide network of facilities coupled with a state-of-the-art ordering system which enables the delivery of more than 30,000 products to businesses anywhere in the United States – usually on the same day they are ordered.
"Our goal is to provide customers with the best products and services available in the market, and we believe this acquisition will advance that goal," added King.
About Lonesource, Inc.
Lonesource Inc. is recognized as the leading provider of spend management solutions that consolidate, standardize and simplify corporate spending. The company offers a hosted, Web-based solution for companies to optimize and manage spending across all corporate departments to increase profitability and dramatically simplify procure-to-pay processes. Founded in 2000, Lonesource is headquartered in Cary, N.C. For more information, visit www.lonesource.com.
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Media Contact:
Brandon Bryce
Largemouth Communications, Inc.
(919) 459-6451
brandon@largemouthpr.com
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