DeWITT — DeWitt–based Dumac Business Systems, Inc. has acquired Total Retail Solutions (TRS) of Louisiana, a provider of point-of-sale (POS) and loss-prevention products to independent grocers. Point-of-sale products are more commonly known as cash registers, whether scanning systems for supermarkets or touch screens for restaurants, says Phil McCarthy, VP of Dumac, who spoke with CNYBJ […]
DeWITT — DeWitt–based Dumac Business Systems, Inc. has acquired Total Retail Solutions (TRS) of Louisiana, a provider of point-of-sale (POS) and loss-prevention products to independent grocers.
Point-of-sale products are more commonly known as cash registers, whether scanning systems for supermarkets or touch screens for restaurants, says Phil McCarthy, VP of Dumac, who spoke with CNYBJ on Jan. 7.
West Monroe, Louisiana–based TRS supports about 400 supermarkets in Louisiana, Arkansas, Mississippi, and Tennessee, Dumac said in a news release.
The acquisition closed Dec. 1. Dumac is headquartered at 19 Corporate Circle in DeWitt.
McCarthy declined to disclose the acquisition price but indicated that Dumac financed the deal using company assets and a loan from KeyBank.
McCarthy also noted that he is one of seven people who own Dumac, a family-operated business. Dumac had 285 employees before the acquisition and added all of TRS’s 28 employees in the deal.
“We’ll ultimately grow that group,” says McCarthy, noting that all TRS workers will remain at their respective job sites.
The local firm also added all TRS customers. TRS has two facilities in Louisiana and one each in Arkansas, Mississippi, and Tennessee that will operate under the Dumac name, per the release.
Headquartered in DeWitt since 1952, Dumac also has operations in Texas, Oklahoma, and Indiana, according to its website.
More than a thousand independently owned supermarkets across the U.S. use Dumac products. Dumac also sells POS hardware to the hospitality and restaurant markets.
The firm’s customers include Dublin, Ohio–based Wendy’s, a fast-food restaurant chain, and CoreLife Eatery, McCarthy told CNYBJ. CoreLife Eatery describes itself as an “active lifestyle restaurant” operating several locations in New York and 10 additional states.
How the deal happened
TRS had been for sale since after the owner, Lane Osbon, died in late 2017, according to McCarthy. Osbon’s widow wanted to make sure the company’s employees would still have jobs in the acquisition deal.
“They reached out to a group of potential buyers, looking not just for someone to buy it but also for a cultural fit,” says McCarthy, noting that Dumac was familiar with TRS before the acquisition discussions.
Aaron Davidson, who most recently served as president of TRS, will continue in a leadership role with Dumac as a branch manager. “His day-to-day role has not changed a whole lot,” says McCarthy.
“We’re excited about this combination with Dumac and the opportunities it presents to continuously provide better experiences, opportunities, and outcomes for our customers and employees,” Davidson said in the Dumac release. “In many ways, it’s business as usual with the added benefit of offering customers greater expertise and solutions to help them achieve greater results.”
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DeWITT — DeWitt–based Dumac Business Systems, Inc. has acquired Total Retail Solutions (TRS) of Louisiana, a provider of point-of-sale (POS) and loss-prevention products to independent grocers.
Point-of-sale products are more commonly known as cash registers, whether scanning systems for supermarkets or touch screens for restaurants, says Phil McCarthy, VP of Dumac, who spoke with CNYBJ on Jan. 7.
West Monroe, Louisiana–based TRS supports about 400 supermarkets in Louisiana, Arkansas, Mississippi, and Tennessee, Dumac said in a news release.
The acquisition closed Dec. 1. Dumac is headquartered at 19 Corporate Circle in DeWitt.
McCarthy declined to disclose the acquisition price but indicated that Dumac financed the deal using company assets and a loan from KeyBank.
McCarthy also noted that he is one of seven people who own Dumac, a family-operated business. Dumac had 285 employees before the acquisition and added all of TRS’s 28 employees in the deal.
“We’ll ultimately grow that group,” says McCarthy, noting that all TRS workers will remain at their respective job sites.
The local firm also added all TRS customers. TRS has two facilities in Louisiana and one each in Arkansas, Mississippi, and Tennessee that will operate under the Dumac name, per the release.
Headquartered in DeWitt since 1952, Dumac also has operations in Texas, Oklahoma, and Indiana, according to its website.
More than a thousand independently owned supermarkets across the U.S. use Dumac products. Dumac also sells POS hardware to the hospitality and restaurant markets.
The firm’s customers include Dublin, Ohio–based Wendy’s, a fast-food restaurant chain, and CoreLife Eatery, McCarthy told CNYBJ. CoreLife Eatery describes itself as an “active lifestyle restaurant” operating several locations in New York and 10 additional states.
How the deal happened
TRS had been for sale since after the owner, Lane Osbon, died in late 2017, according to McCarthy. Osbon’s widow wanted to make sure the company’s employees would still have jobs in the acquisition deal.
“They reached out to a group of potential buyers, looking not just for someone to buy it but also for a cultural fit,” says McCarthy, noting that Dumac was familiar with TRS before the acquisition discussions.
Aaron Davidson, who most recently served as president of TRS, will continue in a leadership role with Dumac as a branch manager. “His day-to-day role has not changed a whole lot,” says McCarthy.
“We’re excited about this combination with Dumac and the opportunities it presents to continuously provide better experiences, opportunities, and outcomes for our customers and employees,” Davidson said in the Dumac release. “In many ways, it’s business as usual with the added benefit of offering customers greater expertise and solutions to help them achieve greater results.”
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DeWITT — DeWitt–based Dumac Business Systems, Inc. has acquired Total Retail Solutions (TRS) of Louisiana, a provider of point-of-sale (POS) and loss-prevention products to independent grocers. Point-of-sale products are more commonly known as cash registers, whether scanning systems for supermarkets or touch screens for restaurants, says Phil McCarthy, VP of Dumac, who spoke with CNYBJ […]
DeWITT — DeWitt–based Dumac Business Systems, Inc. has acquired Total Retail Solutions (TRS) of Louisiana, a provider of point-of-sale (POS) and loss-prevention products to independent grocers.
Point-of-sale products are more commonly known as cash registers, whether scanning systems for supermarkets or touch screens for restaurants, says Phil McCarthy, VP of Dumac, who spoke with CNYBJ on Jan. 7.
West Monroe, Louisiana–based TRS supports about 400 supermarkets in Louisiana, Arkansas, Mississippi, and Tennessee, Dumac said in a news release.
The acquisition closed Dec. 1. Dumac is headquartered at 19 Corporate Circle in DeWitt.
McCarthy declined to disclose the acquisition price but indicated that Dumac financed the deal using company assets and a loan from KeyBank.
McCarthy also noted that he is one of seven people who own Dumac, a family-operated business. Dumac had 285 employees before the acquisition and added all of TRS’s 28 employees in the deal.
“We’ll ultimately grow that group,” says McCarthy, noting that all TRS workers will remain at their respective job sites.
The local firm also added all TRS customers. TRS has two facilities in Louisiana and one each in Arkansas, Mississippi, and Tennessee that will operate under the Dumac name, per the release.
Headquartered in DeWitt since 1952, Dumac also has operations in Texas, Oklahoma, and Indiana, according to its website.
More than a thousand independently owned supermarkets across the U.S. use Dumac products. Dumac also sells POS hardware to the hospitality and restaurant markets.
The firm’s customers include Dublin, Ohio–based Wendy’s, a fast-food restaurant chain, and CoreLife Eatery, McCarthy told CNYBJ. CoreLife Eatery describes itself as an “active lifestyle restaurant” operating several locations in New York and 10 additional states.
How the deal happened
TRS had been for sale since after the owner, Lane Osbon, died in late 2017, according to McCarthy. Osbon’s widow wanted to make sure the company’s employees would still have jobs in the acquisition deal.
“They reached out to a group of potential buyers, looking not just for someone to buy it but also for a cultural fit,” says McCarthy, noting that Dumac was familiar with TRS before the acquisition discussions.
Aaron Davidson, who most recently served as president of TRS, will continue in a leadership role with Dumac as a branch manager. “His day-to-day role has not changed a whole lot,” says McCarthy.
“We’re excited about this combination with Dumac and the opportunities it presents to continuously provide better experiences, opportunities, and outcomes for our customers and employees,” Davidson said in the Dumac release. “In many ways, it’s business as usual with the added benefit of offering customers greater expertise and solutions to help them achieve greater results.”
