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Case Study

Premier Business Centers – www.pbcenters.com

About PBC
Premier Business Centers (PBC) is the largest privately held executive suite company in the US. PBC was founded in 2002, but has an industry-experienced staff and locations that have been servicing executives since 1990. PBC allows businesses to maintain a professional office location with conference rooms, phone lines, high speed Internet, mail, and secretarial support without the fixed expense of leasing a traditional office.

PBC provides professionally staffed office space on a full or part-time basis. PBC currently has 70 locations, operating in 5 states.

The Deal
Bascom partnered with Chenco to acquire PBC, which was formerly called American Office Centers, out of bankruptcy in May of 2002 for $2M. At the time of the acquisition, American Office Centers had 9 locations with revenues of $6M.

The Management
The entire senior management was replaced by Bascom, as PBC worked closely with the firm to scout management talent through its extensive network.

Year-to-Date (as of July 2014)
PBC has grown from $6M in revenues to over $50M. During this time, they have either acquired other companies or started new locations for a total of 70 locations. PBC currently has 225 employees.