Grimco, Inc. and Proveer Sign & Graphics have announced the execution of a definitive agreement for Grimco to acquire the United States operations of Proveer Sign & Graphics. The transaction is expected to close in the second quarter of this year. This acquisition provides Grimco with the opportunity to enhance its product offering and strengthen its distribution warehouse infrastructure. The Canadian operations of Proveer Sign & Graphics are excluded from the transaction and will remain under the ownership of affiliates of Liberty Lane Partners, LLC and management.
“The addition of Proveer’s product lines will position Grimco with one of the most complete product offerings in the industry,” states John Burkemper, President of Grimco, Inc. “We are committed to providing the best possible customer service from coast to coast and this acquisition improves our geographic reach. This will greatly benefit the customers of both Grimco and Proveer.”
“Our ownership and management teams remain committed to the sign and graphics market,” states Jack Laine, CEO of Proveer Sign & Graphics. “This opportunistic transaction makes strategic sense for Grimco, and we are confident that it will be beneficial to the customers of our United States operations. It will be business as usual for the customers and suppliers of our Canadian operations.”