Industry Veteran Joins Imaging Supplies Leader as CEO
Greg Greenwell Joins Online Tech Stores as CEO
RENO, Nev., Oct. 12, 2018 /PRNewswire/ -- Online Tech Stores (or "OTS"), a leading wholesale distributor of compatible imaging supplies and accessories, based in Reno, NV, announced that Greg Greenwell will succeed Founder, Bob Willmes as CEO. OTS is the largest importer of toner products in the United States. OTS offers a comprehensive portfolio of over 3,000 products and provides industry-leading fulfillment times through strategically located distribution centers across the United States. OTS currently has 100 employees and operates in five facilities.
Effective November 1, Greg Greenwell will assume the role of CEO at OTS. Greenwell brings over 20 years of industry experience, having most recently built and sold a successful managed print services (or "MPS") dealer business, TotalPrint, to Dex Imaging (a leading MPS dealer consolidator with over $300 million in revenue). Greenwell continued with Dex Imaging for the past 3 years, leading their acquisition strategy and successfully acquired and integrated over a dozen companies for Dex Imaging. Greenwell's extensive leadership and experience within this industry are well suited for OTS's aggressive growth plans over the next few years.
"As part of OTS's succession plan, I've made the decision, along with Blackford Capital and the Board, to step away as the company's CEO," said Bob Willmes, Founder and former CEO of OTS. "During and following this planned transition, I will continue to be involved in the business and continue to serve on the Board, and I look forward to helping the company achieve its goals in the coming years on a more strategic basis."
In partnership with Blackford, Greenwell will continue to grow OTS's product offering and capabilities to best serve its growing customer base. Greenwell will add a tremendous amount of value to the organization by assisting in the execution of the company's acquisition strategy and the development of its robust sales infrastructure.
"We're excited to add another industry veteran to our talented leadership team at OTS and can't wait for Greg to have a valuable impact on the organization going forward," said Martin Stein, Founder and Managing Director of Blackford Capital. "Greg's leadership and industry background will provide a boost to the company and complement Bob's continued involvement on the Board."
About Online Tech Stores
Founded in 2009, Online Tech Stores is headquartered in Reno, Nevada. OTS is a wholesale distributor of compatible imaging supplies and accessories, including: laser printer toner cartridges, ink cartridges, toner, copier toner, ribbon and thermal fax consumables. OTS goes to market as Supplies Wholesalers. For more information, visit supplieswholesalers.com.
About Blackford Capital
Founded in 2000, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford Capital makes majority control investments in founder and family-owned, lower middle-market manufacturing, distribution, and services companies. For more information, visit blackfordcapital.com.
Contact:
Melanie Jaroch
Blackford Capital
616.301.7122
[email protected]
SOURCE Blackford Capital
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