💰 The $10 Million-Plus Club: Where Copiers Meet Capital 💰
When it comes to managed print services, size does matter.
What sets the big players apart in the managed print services industry? The Cannata Report delves into the “The $10 Million-Plus Club,” a term coined to describe dealers with revenues exceeding $10 million. The report suggests that these high-revenue dealers are better positioned to invest in new products and services, thereby growing their businesses.
“This year’s Survey is a prime example with the average revenue of the acquired companies being a modest $1.7 million.”
Interestingly, smaller dealers with revenues under $10 million are becoming prime targets for acquisition. “This year’s Survey is a prime example with the average revenue of the acquired companies being a modest $1.7 million,” the article notes. Despite the pandemic, the percentage of dealers in this exclusive club has been growing.
Brands like Canon, Kyocera, Ricoh, and Sharp have seen an increase in the number of dealers with revenues over $10 million.
– Greg Walters, Head Writer