Raleigh, NC, May 1, 2009 – Xchange Technology Group takes another step towards becoming the world’s largest provider of flexible and cost-effective lifecycle management programs for IT assets, with the acquisition of PartStock Computer LLC of Minneapolis, MN.
Established in 1994, PartStock Computer is well-known for providing exceptional service to their educational customer base including K-12, college and university, and business customers. At the core of PartStock's foundation is the company's enduring commitment to customer service combined with a proven record delivering quality technology solutions. This profoundly customer-centric business model is congruent with XTG’s commitment to excellence globally, and is a clear demonstration of PartStock’s fit within the XTG organization.
PartStock will represent the fourth strategic business unit along side XTG’s three existing companies: IT Xchange, BlueRange Technology, and Vernon Computer Source. Combining PartStock’s inventory with the extensive inventory in XTG’s six distribution centers worldwide will allow the companies to offer their clients significantly increased product selection. This will increase their competitive edge in the marketplace and accelerate XTG’s future growth in the global marketplace with PartStock as a significant contributor in that growth.
“On behalf of the entire PartStock employee family we welcome the opportunity to be part of the Xchange Technology Group of companies” states PartStock’s GM, Dave Hoeffel. “Being joined with XTG will enable PartStock to significantly increase our ability to deliver enhanced customer service and computer technology value to our customers.”
Asked to comment on the acquisition, Jeff McFarlane, XTG’s CEO, says: “The team at Partstock is well-known to XTG and will be a fantastic addition to the group. Their high performance culture and strong customer service orientation, combined with the resources and global reach of XTG will greatly enhance the breadth and depth of offerings that XTG can collectively deliver to the customers of Partstock. We are particularly excited about the broader offering that Partstock will be positioned to deliver in terms of products from IBM, Lenovo, Apple and leading-edge solutions like desktop virtualization.”