Centric Business Systems, a document management company in Owings Mills, plans to snatch up two firms in the next three or four months, CEO Rick Bastinelli says.
“We are aggressively pursuing and evaluating acquisitions,” Bastinelli says.
The company moved into a new 39,000-square-foot LEED Gold building this month. Double the size of its former headquarters, the office houses 120 workers. Another 20 work in Salisbury, Hagerstown and Rockville.
And Bastinelli says he plans to hire another 30 Centric plans it hopes to add another in sales, marketing and administration.
Its customers’ migration from black-and-white printers, scanners and copiers to color is fueling Centric's product sales, the CEO says.
Acquisitions are also key to its growth strategy. Last year, the company bought the copier division of Office Suppliers Inc. in Hagerstown.
Bastinelli couldn’t give any details on the companies Centric plans to acquire due to confidentiality agreements except that the two firms are in Maryland.
Writer: Julekha Dash
Source: Rick Bastinelli, Centric