– Following Fourth Straight Year of Double-Digit Growth –
FORT LAUDERDALE, FL — December 2008 – Synergy Enterprises, LLC, a firm specializing in restoring distressed and underperforming companies to profitability and positive cash flow, has sold its stake in DPI, Inc. to Hagemeyer N.V., a Dutch-based shipping, trading and commodities house with interests in branded consumer electronic products. Terms of the transaction were not disclosed.
“Working hand-in-hand with the management team, we were able to nearly double the company’s revenues over the last four years and generate healthy profits after years of losses under prior ownership,” Mr. Nacht said. “This turnaround was wide-ranging, addressing everything from product development and sourcing to downsizing and cost control. Hagemeyer is stepping into a well-run, highly focused operation with a solid game plan that should continue to perform for years to come,” he added.
About Synergy Enterprises
Synergy Enterprises, LLC is a Fort Lauderdale-based firm owned by Gary Nacht, its Chairman and CEO. Founded in 1995, Synergy has been acquiring and advising distressed and underperforming companies for over 20 years across a wide diversity of industries, including Kmart Canada, Northern Reflections, Gemini Industries, DPI International and AmerTac Inc. Recently, Synergy launched its Quick Strike Advisory Service to help companies experiencing operating losses achieve short-term recovery.