DISC is one of Northern California’s leading document and data warehousing service providers to the public and private sector.
Over 20 years in business, DISC had developed proprietary systems integration software, data management services and analog-to-digital conversion service offerings.
The four shareholders of this closely held private company were at a crossroads. Strong demand suggested opportunities outside the region. However, several shareholders were ready to harvest their investment.
Brereton, Hanley worked with the company to build a cohesive strategy for growth. We then presented the company to six Fortune 500 buyers. The result was a sale of the company to IKON Office Solutions (IKN-NYSE) as a tax-free stock swap.
The owners received three-year employment agreements, a two-year earn out, unlimited working capital for expansion and cross selling opportunities.
“I interviewed a number of merger and acquisition companies before selecting Brereton, Hanley & Co., Inc. to represent Data – Image Systems Corporation (DISC). DISC is a very diversified hybrid company and my concern was finding representation from a company that would be willing to learn our business, create and document a professional package and bring in qualified buyers.
Brandt, you and Bill took the time to come in and learn our business, and the documentation on our company that you prepared for distribution far exceeded our expectations. Nearly every company that you have introduced us to has praised the thoroughness in which our company story has been prepared.
We are extremely impressed with your knowledge of what public buyers are looking for and your ability to communicate and create interest with them in our company.
I feel we have received professional investment banking level services from your firm with far greater detail than I would have expected to get from a traditional investment banker. I highly recommend your services to any company desiring to sell.”
Merlin Shoemaker, CEO