Facility Services Group Sells to Warehouse of Fixtures
Sep 18, 2018
Warehouse of Fixtures, a seller of new and pre-owned office furniture in St. Louis, has acquired Facility Services Group, which has a presence in St. Louis and Kansas City. The acquisition will allow WOF to expand to the Kansas City market.
“We have been looking at regional expansion for a while,” Dave Singer, CEO and majority owner of WOF, said. “They do some great work, and by combining, we are able to make a better company for our employees and our clients.”
Singer declined to share terms of the deal, but stated that the company expects to add at least $4 million in annual sales with the acquisition. Currently, WOF has $9 million in annual sales, Singer said.
WOF, which has a warehouse located at 2720 Market St., plans to consolidate FSG’s 90,000-square-foot storage and production facility to its Refurbiture facility at 5642 Natural Bridge Ave. Refurbiture is a sister company of WOF, Singer said. FSG also has a showroom and office located in Hazelwood that won’t be needed moving forward.
FSG’s 5,000-square-foot office and showroom in Kansas City will remain open, but rebranded as Office Furniture Kansas City. Singer plans to expand the space at a later date once the company “gains a stronger foothold in the Kansas City market.”
“With an expanded product offering for both the legacy FSG sales force and the existing WOF sales force, we would expect a 10 percent increase for both companies,” Singer said. “However, we also feel there is a tremendous opportunity for the sales people coming from FSG to increase their sales with the additional support of our scheduling, design, customer service and accounts receivable departments.”
The sales team from FSG and the company’s previous owners, David and Nick Livingston, will join the WOF staff, bringing the company’s total employee count to 40, Singer said.
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