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The whole company: unforeseen business performance sent WBM's succession plan back to the drawing board.(Management Buyouts)(Western Business Machines)
SaskBusiness
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March 1, 2009|
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COPYRIGHT 2009 Sunrise Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Formed in 1950, Western Business Machines of Saskatoon has been through a management buyout (MBO) more than once.
Founded to sell the latest in office equipment, things like typewriters and adding machines, WBM was taken over by Brian Fitzgerald and Garry Hardy in its 35th year. Hardy's brother, his sister-in-law and two other employees executed another MBO in late 2008, the company's 59th year of operation.
Now known as WBM Office Systems with offices in Saskatoon, Regina and Calgary, it continues to sell the latest in office technology. But typewriters ...
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