News Summary
WiZiX Technology Group has completed the acquisition of California Business Machines (CBM), expanding its office technology services. This marks the seventh acquisition for WiZiX in seven years, solidifying its market presence. Teri Brymer, daughter of CBM’s founders, will remain in charge of the company as an independent subsidiary. The merger aims to enhance customer service and integrate both companies’ strengths in the competitive office equipment industry.
California — Sacramento-area firm WiZiX Technology Group, Inc. has completed the acquisition of California Business Machines, Inc. (CBM), a well-established office equipment company based in Fresno. This acquisition is significant for WiZiX, marking its seventh purchase in just seven years of operation. The move is a part of WiZiX’s aggressive expansion strategy aimed at increasing its market presence and service capabilities.
Founded in 1953 by Ray and Lorraine McNally, CBM has been a staple in the Fresno community, specializing in office automation technology, retail, and service. Teri Brymer, the daughter of the original founders, manages the company and will continue in her role following the acquisition, maintaining CBM as an independent subsidiary of WiZiX.
The merger is expected to foster a positive integration between the two companies, as both share a commitment to customer service, support, and satisfaction. Gary Johnson, the president and CEO of WiZiX, has emphasized his enthusiasm for the partnership, noting his personal connections to Fresno and his extensive background in the industry.
The acquisition of CBM is not the first for WiZiX, which has successfully grown through the acquisition of other companies, including notable names like Stanton Office Machines and Toshiba America Business Solutions. With this latest addition, WiZiX positions itself stronger in the office technology market, supported by a business strategy that attributes over 60% of its revenue to organic growth.
As WiZiX approaches its eighth year in business, it anticipates closing its eighth acquisition scheduled for October 1. This continuous expansion is part of a broader strategy to enhance service offerings and market reach while delivering exceptional support to customers.
Background of California Business Machines
California Business Machines has a rich history, having served the local community since the mid-20th century. Started on Inyo Street in Downtown Fresno, CBM has garnered a reputation for quality service and innovative solutions in office equipment and technology. Over the years, it has been recognized multiple times, winning the Best of Central Valley Business Readers’ Choice Award in the category of Best Office Equipment Company nine times, demonstrating its consistent commitment to excellence.
Teri Brymer has been an integral part of CBM since her college years at Fresno State in the early 1970s, and she continues to view the employees and customers as family. This sense of belonging and commitment to community is expected to remain a central focus even under the new ownership structure.
WiZiX Technology Group Overview
Founded in just seven years ago, WiZiX Technology Group has quickly made a name for itself as one of Sacramento’s Top 50 Fastest Growing Companies. With a strong emphasis on customer engagement and satisfaction, the company has experienced considerable growth, both organically and through strategic acquisitions.
In conclusion, the acquisition of California Business Machines by WiZiX Technology Group is poised to strengthen WiZiX’s market position while ensuring that the legacy of CBM continues under the leadership of Teri Brymer. The merger is well-aligned with both companies’ goals of prioritizing customer service and expanding service offerings in the competitive office equipment industry.
Deeper Dive: News & Info About This Topic
- The Business Journal: California Business Machines Acquired
- Wikipedia: Office Automation
- Fresno Bee: News Local
- Google Search: California Business Machines
- The Business Journal: Best of Central Valley Business Awards
- Encyclopedia Britannica: Business Acquisition
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