Safeguard acquires Hawaii-based Pacific Business Forms
May 23, 2012
DALLAS, TX – Safeguard Acquisitions, Inc., today announced it has acquired the Honolulu-based independent print distribution business Pacific Business Forms. The acquisition represents yet another major transaction in what has become a solid start to Safeguard’s business acquisitions and mergers program in 2012.
“The acquisition of Pacific Business Forms represents an important step toward increasing Safeguard’s presence in the Hawaii marketplace,” said R. Scott Sutton, CFE, Safeguard’s vice president of Franchise Development.
Founded in 1984 by Jim Takamoto, Pacific Business Forms has established itself as a leading distributor of business forms, commercial print products, mailing services, media and other related products and services. The company has been a longtime supplier to major Hawaii-based businesses and government entities as well as start-ups and small business enterprises.
“I started this company because I saw a need for this type of service in the industry, so I’ve dedicated my life to make the business an asset to my hometown,” said Takamoto. “I’ve strived to make Pacific Business Forms a company with a long-standing record of success in servicing a multitude of customers while offering diverse product and service offerings.”
With nearly three decades of experience catering to a large client base, Pacific Business Forms is a perfect candidate for alignment with Safeguard and, as Sutton notes, a natural fit for both organizations.
“Mr. Takamoto’s dedication to quality, honesty and integrity has allowed him to build a business we are proud to now have under the Safeguard umbrella,” said Sutton. “To say that we’re excited would be an understatement.”
After 28 years of establishing and growing his business, Takamoto made the decision to pursue retirement, but his priority was to make sure his business was in the right hands to ensure the continuation of superior service to his dedicated client base. After entertaining several proposals from interested buyers, Takamoto was approached by Safeguard to acquire his business through its acquisition program.
“I’ve put my heart and soul into this business. After meeting with the Safeguard team and feeling their support since day one, I’m certain that Pacific Business Forms will continue to thrive as part of the Safeguard network,” said Takamoto. “I’m confident that the business will continue to grow and prosper with the backing and support of a national company. They’re going to take what I’ve started and continue its legacy in Honolulu.”
Safeguard has become an industry leader in sourcing and acquiring independent print, promotional products and related businesses with a focus on quickly reselling the assets associated with such businesses to existing or new Safeguard distributors.
“I’m humbled to be a part of helping a successful business owner experience the rewards that come with selling his business and moving on to the next success phase of life,” said Sutton.
For more than 55 years, Safeguard, through its network of distributors, has provided the products, services and expertise needed by business owners to help their businesses grow. Through innovation, dedication and a commitment to quality and integrity, Safeguard has transformed itself from a small check printing business to a fully diversified business solutions enterprise affiliated with the Deluxe Corporation (NYSE: DLX). Safeguard distributors enjoy a proven and efficient business model that allows the opportunity for each to achieve professional and personal success.