TORONTO, March 4, 2015 – Cranson Capital Solutions (“Cranson Capital”) is pleased to announce that it has successfully arranged a $4,750,000 financing for Intelligent Data Systems (Canada) Inc. (“IDS”), the largest independent imaging products and services dealers in Eastern Canada. Since inception, IDS has acquired 8 managed print and copier companies within the provinces of Quebec and Ontario, and plan to significantly increase their scale through organic growth and M&A. Cranson Capital paired IDS with Comerica Bank (“Comerica”), who proved as the ideal lender for their business expansion and strategic direction. Comerica provided IDS with an expanded line of credit to support their working capital requirements and a term loan to help refinance existing financial institution bank debt.
IDS offers a wide range of equipment and service offerings to meet all of their clients’ imaging needs, with each branch selling a full line of multi-branded office and production systems, software and supplies, managed print services (MPS), as well as related IT solutions.
By merging the 8 companies, IDS was able to streamline their operations and build strong relationships with industry leading companies, allowing them to provide the market with the highest quality and most competitively priced products and services. IDS continues to develop their business to keep up with the rapidly evolving competitive space by optimizing its product portfolio and building and strengthening their experienced salesforce.
“The market demand is shifting towards third party managing devices and software, which puts IDS at a great competitive advantage with its ‘one-stop-shop’ model to meet ever-changing customer needs,” said Devon Cranson, President at Cranson Capital Solutions. “We believe that IDS has built a solid foundation and will continue to be successful in the future,” he added.
About IDS Canada Inc.
Based in Ontario, Canada, IDS Canada is the leading independent managed print services provider in Eastern Canada. IDS was formed in 2011 through the combination of five of the region’s leading independent managed print services companies, creating a uniquely broad platform that includes copiers, printers, and other technology products as well as equipment maintenance services, managed print services and related information technology consulting. The Company serves small and medium-sized Canadian businesses across a variety of sectors.
About Cranson Capital
Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Solutions and Cranson Capital Securities, both of which offer unique services to support our entrepreneurs and investors. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for our entrepreneurs. Cranson Capital Securities is registered with the Ontario Securities Commission as an Exempt Market Dealer and specializes in raising capital from accredited investors for private placements in real estate developments, technology start-ups and high growth companies