Portland, Oregon-based Source revealed its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The relocation produces a bicoastal women-led procurement company with years of FF&E procurement experience in all kinds of tasks.
Nicole Schmidt, Source’s creator and CEO, describes the tactical relocation: “We were trying to find a company that lined up with our worths and running values: complete openness and dedication to customer relationships, with a footprint on the eastern coast. Stacey’s experienced group and the stability of her acquiring procedure fit completely. Berman Purchasing is well appreciated, specifically in the resort and getaway ownership sectors.”
Stacey Hollender, Berman’s creator, includes, “We might not be more fired up to sign up with forces with Source and offer our customers the advantage of increased resources and leading-edge innovation. Source will still provide the shop, hands-on service we’re all understood for, now with increased acquiring power. This is a win for our customers, staff members and market coworkers.”
Hollender will end up being Source’s vice president of procurement operations and lead the 25-person acquiring group which offers end-to-end services from sourcing through setup, tracked in a cloud-based task management platform. The company’s objective is to increase customer property worths by conserving money and time in every stage of the procedure. The group has actually acquired over $6 billion in custom-made FF&E with deep supplier relationships in all item sections and carries out a fiduciary prices function for FF&E and logistics expenses, with totally
transparent supplier prices.