DELRAY BEACH, Fla.--(BUSINESS WIRE)--DecisionPoint Systems, Inc. (NYSE American: DPSI), a mobility-first enterprise services and solutions company, today announced it has acquired privately-held Macro Integration Services, based in Greensboro, North Carolina. The terms of the deal were not disclosed.
Steve Smith, CEO of DecisionPoint, commented: “The acquisition of Macro is right on target with our key strategic priorities, including increasing margins through adding more services, expanding our regional presence, and adding new capabilities and deepening existing ones. This immediately accretive acquisition also strengthens our position in the traditional retail market while adding to adjacent retail verticals in food service and grocery.”
Key Acquisition Highlights
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Immediately accretive
- Expected to add $10+ million in revenue and $1+ million in Adjusted EBITDA during the remainder of 2023
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Increases mix of services and adds new solutions
- Services represented approximately 70% of Macro’s revenue in 2022
- Adds capabilities for digital signage and video systems
- Complementary offerings in point of sale, payments, mobility and self-service
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Strengthens DecisionPoint’s position in the broader retail industry
- Deepens penetration of traditional retail and hospitality verticals
- Adds food service vertical
- Scales grocery, QSR (quick-service restaurants) and C-store (convenience stores) verticals more quickly
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Synergies
- Expansion of services into the Southeastern region of the U.S.
- Adding significant warehousing capacity on the East Coast
- Cross-selling opportunities
”We are thrilled to join with DecisionPoint,” said Terry Morgan, CEO of Macro Integration Services. “Our two companies are complementary from a cultural, geographic and market perspective and the opportunity to cross-sell can drive long-term synergies. We look forward to working closely with Steve and his team to drive growth of the combined enterprise.”
About DecisionPoint Systems
DecisionPoint Systems Inc. delivers mobility-first managed service and integration solutions to healthcare, supply chain, and retail customers, enabling them to make better and faster decisions in the moments that matter—the decision points. Our mission is to help businesses consistently deliver on those moments—accelerating growth, improving worker productivity, and lowering risks and costs. For more information about DecisionPoint Systems, Inc., visit https://www.decisionpt.com.
Forward-Looking Statements
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.